The export value of handbags with outer surfaces of leather from Chile experienced significant fluctuations between 2013 and 2023, marked by sharp increases and abrupt drops in specific years. In 2017, exports peaked at 12.22 thousand, representing a high point in this period. However, from 2018 onwards, the figures normalized to a lower range, stabilizing close to 6.78 thousand in 2023.
Over the last two years, year-on-year variations indicated modest growth, with increases of 1.26% in 2022 and 1.22% in 2023. From a longer-term perspective, the last recorded CAGR for the five years is 14.64%, reflecting average annual growth of the period.
Looking ahead, the forecast for the period from 2024 to 2028 suggests a moderate but consistent upward trend, with a CAGR of 0.96%, and an anticipated 4.89% overall growth. The expected figures for 2028 highlight a continued slow but stable growth trajectory, reaching approximately 7.21 thousand.
Future Trends to Watch For:
- Global economic conditions impacting consumer spending on luxury goods.
- Trade policies and market access conditions between Chile and importing countries.
- Innovations and design trends in the leather handbag industry influencing demand.
- Environmental and sustainability concerns affecting the leather goods market.
