French Leather Industry Achieves 5 Billion Euro Trade Surplus With 19 Billion Euro in Exports in 2023

Imports remained stable at approximately 14 billion euros, while exports saw a noteworthy 6% increase, reaching a remarkable 19 billion euros. Notably, Asia emerged as the leading export destination, capturing 44% of the market share.
French Leather Industry Achieves 5 Billion Euro Trade Surplus With 19 Billion Euro in Exports in 2023

The French leather supply chain continues to showcase its resilience and dominance on the global stage, as it generated a trade surplus exceeding 5 billion euros in the fiscal year of 2023. Despite the economic uncertainties looming worldwide, the industry witnessed a steady performance, with imports maintaining stability at approximately 14 billion euros. Meanwhile, exports increased by an impressive 6%, reaching the 19 billion euro mark, attributed in part to the impact of inflation.

Comprising a robust network of 12,800 companies and providing employment opportunities for over 133,000 individuals, the French leather supply chain boasts a formidable turnover of 25 billion euros. Among this, exports constitute a significant portion, amounting to 19 billion euros.

Asia emerges as the frontrunner in exports, capturing a staggering 44% share. Notably, China stands out as France’s premier customer, contributing 18% to the export revenue, bolstered by a commendable 9% growth rate from the previous year to 21 million euros, in exports to Beijing of finished hides. Notably sales of finished bovine hides has tripled.

Despite the dominance of the Asian market, Italy remains a pivotal player in France’s leather trade. Accounting for over two-thirds of the total, Italy emerges as the top buyer of raw hides and skins of calves and sheep from France, while France imports mainly finished bovine hides from Italy. However, there was a slight dip of 12% in purchases from 2022, totaling 145 million euros in 2023. Conversely, Italy stands as the primary supplier of finished leather goods to France, commanding nearly half of the French imports.

In the realm of finished products, 2023 witnessed a notable shift in trade dynamics. French leather goods imports from European partners increased by an impressive 16%, while those from Asia experienced a marginal decline of 6%. Conversely, exports to Europe registered a commendable 5% uptick from the previous year. Noteworthy is the footwear segment, where a substantial majority of exports, 87 out of 100 pairs, find their destination within Europe.

The French leather supply chain continues to navigate through the complexities of global trade with resilience and adaptability. While maintaining its stronghold in the Asian market, the industry is strategically pivoting towards Europe, capitalizing on emerging opportunities. With robust partnerships and a steadfast commitment to excellence, the French leather sector is poised for sustained growth and prosperity in the years to come.

Like this article? Share it with your network!

Join Our
Exclusive Leather Community

Get the entire weeks global leather industry’s news including footwear, leather goods news, and industry insights directly in your inbox every Sunday at 11 am!

Join Our Exclusive Weekly Leather Newsletter

Get the entire weeks global leather industry’s news including footwear, leather goods news, and industry insights directly in your inbox every Sunday at 11 am 

Search Articles

Leather News

Gruppo Mastrotto Launches Revamped Website and Opens New Showroom in Tuscany

Gruppo Mastrotto, a world leader in high-quality leather production, has launched a new, completely...

Pakistan and China Establish Strategic Partnership to Boost Leather Industry

Pakistan and China are working closely to elevate Pakistan’s leather industry, aiming to transform...

Rino Mastrotto Raises €320 Million in Successful High-Yield Bond Sale

Rino Mastrotto, a renowned name in the leather industry, has successfully concluded the placement of...

Join Our Exclusive Weekly Leather Newsletter

Subscribe now to receive the entire week’s leather industry news directly in your inbox every Sunday at 11 am 

Join Our Exclusive Leather Community Newsletter

Get the entire weeks global leather industry’s news directly in your inbox every Sunday at 11 am