The per capita market value for belts and bandoliers made of leather or composition leather in Montenegro has shown fluctuation over the past decade, peaking in 2013 at $2.61 and declining to $1.81 by 2023. The market experienced a 4.65% decline from 2021 to 2022 and a 2.16% dip from 2022 to 2023. Over the last five years (2019-2023), the market faced a compound annual growth rate (CAGR) decline, reflecting an average annual decrease.

Future trends to watch for include:

Potential market stabilization as consumers return to traditional accessories post-pandemic.
Innovation in sustainable leather alternatives and shifting consumer preferences toward eco-friendly products.
Economic factors influencing disposable income and consumer spending on luxury items.