The Colombian market for handbags with an outer surface of leather has experienced a decline over the past decade. In 2023, the market stood at 0.72 USD per capita. Notably, the market saw a year-on-year decrease of 5.26% from 2022 to 2023. The five-year CAGR (2018-2023) reflects a decrease of approximately 4.10% per annum, highlighting a sustained downward trend.
Future trends to monitor include potential market rejuvenation driven by luxury leather goods' increased appeal, changes in consumer preferences towards sustainable and locally produced products, and economic factors that could boost discretionary spending in Colombia.
| # | 22 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 82.51 | 2023 | View data | ||
| 2 | 2 United Kingdom | 52.53 | 2023 | View data | ||
| 3 | 3 Austria | 49.6 | 2023 | View data | ||
| 4 | 4 Netherlands | 45.11 | 2023 | View data | ||
| 5 | 5 Denmark | 35.9 | 2023 | View data | ||
| 18 | 18 Moldova | 1.11 | 2023 | View data | ||
| 19 | 19 South Africa | 0.76 | 2023 | View data | ||
| 20 | 20 Colombia | 0.72 | 2023 | |||
| 21 | 21 India | 0.71 | 2023 | View data | ||
| 22 | 22 Ukraine | 0.44 | 2023 | View data | ||
