The trunks and cases of leather market per capita value in Armenia demonstrated growth from $7.54 in 2013 to $13.92 in 2023, displaying a clear upward trend despite minor fluctuations. The market made a significant leap in 2017 before a slight decline in 2018. A notable drop occurred in 2020, likely due to global disruptions, but the market quickly rebounded and has shown continuous growth through 2023. Year-on-year growth was observed at 2.97% between 2022 and 2023. The compound annual growth rate (CAGR) over the last five years stands at approximately 2.9%.

Future trends to watch for include shifts in consumer preferences towards luxury goods, the impact of global economic conditions on spending power, and the influence of digital marketing strategies in expanding reach and engagement within this sector.

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