The export of handbags with an outer surface of leather from Italy has demonstrated significant fluctuations over the past decade. From 2013 to 2023, the value of exports rose by 70%, moving from 16.592 million in 2013 to 28.168 million in 2023. Notably, the most substantial year-on-year growth was observed in 2018 at 20.81%, while 2020 saw a sharp decline of 14.15% due to the global pandemic. The Compound Annual Growth Rate (CAGR) over the last five years was 2.15%, showing a steady but moderate increase.
For the forecast period from 2024 to 2028, projections suggest a continued upward trend, with an expected CAGR of 2.18%, reaching 32.363 million by 2028, indicating an overall growth rate of 11.4% over five years. Key factors to watch include global economic conditions, evolving fashion trends, and shifts in consumer preferences toward sustainable and ethically-produced goods.
