The market for handbags with an outer surface of leather in Thailand has experienced fluctuations from 2012 to 2022. Starting at 208.06 million USD in 2012, the market saw a decrease for several years, hitting a low of 194.91 million USD in 2015. However, there was a significant uptick beginning in 2016, reaching 265.71 million USD by 2022. Year-on-year variations over the last two years show a slight decline of 0.62% in 2021, followed by a modest rise of 1.78% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at 6.03%, reflecting a relatively steady growth trend.
Future trends to watch for include a continued interest in premium and sustainable leather options, technological advancements in material processing, and an uptick in online luxury goods sales in Thailand. These factors could drive further market growth and shift consumer preferences in the coming years.
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 4,268,500,000 | 2023 | +8.13% | +10.75% | View data |
| 2 | 2 United Kingdom | 3,538,300,000 | 2023 | +2.09% | +1.8% | View data |
| 3 | 3 Germany | 2,015,900,000 | 2023 | +2.22% | +2.19% | View data |
| 4 | 4 Spain | 1,260,900,000 | 2023 | +1.89% | +1.56% | View data |
| 5 | 5 India | 978,650,000 | 2023 | +2.59% | +3.37% | View data |
| 6 | 6 Netherlands | 783,560,000 | 2023 | +4.33% | +5.91% | View data |
| 7 | 7 Austria | 443,440,000 | 2023 | +3.18% | +3.7% | View data |
| 8 | 8 Thailand | 316,600,000 | 2023 | +5.99% | +5.91% | |
| 9 | 9 Denmark | 210,050,000 | 2023 | +2.82% | +3.52% | View data |
| 10 | 10 Norway | 113,930,000 | 2023 | +3.23% | +1.01% | View data |
