Leather Apparel Market Overview in Italy
In value terms, leather apparel production skyrocketed to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2015 to 2019, production growth failed to regain the momentum.
The size of the leather apparel market in Italy shrank slightly to $ in 2019, reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.