The Trunks and Cases of Leather market in Saudi Arabia experienced fluctuating growth between 2012 and 2022. The market value in 2012 stood at 1.2493 billion USD and showed robust growth until 2016, with compound annual growth rates (CAGR) reaching as high as 11.38%. Notable year-on-year increases occurred in 2014, 2015, and 2019 with growth rates of 14.15%, 14.81%, and 21.42%, respectively. Despite a dip in market value in 2017 and 2020, the market regained momentum in 2021 with a 23.74% increase. By 2022, the market had grown to 2.0429 billion USD with a CAGR of 4.76% in recent years.
Future trends to monitor include:
- Technological advancements in leather processing and manufacturing
- Shifts in consumer preferences towards sustainable and ethical products
- Economic policies and trade agreements in Saudi Arabia
- Impact of global supply chain disruptions
- Growth in online retail and e-commerce platforms
| # | 38 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 30,815,000,000 | 2023 | +0.3% | +1.08% | View data |
| 2 | 2 France | 20,285,000,000 | 2023 | +0.94% | +0.54% | View data |
| 3 | 3 United Kingdom | 13,375,000,000 | 2023 | +1.18% | +0.85% | View data |
| 4 | 4 Germany | 12,267,000,000 | 2023 | +1.38% | +1.48% | View data |
| 5 | 5 South Korea | 10,639,000,000 | 2023 | +4.74% | +6.49% | View data |
| 11 | 11 Mexico | 2,521,700,000 | 2023 | +1.09% | +1% | View data |
| 12 | 12 Poland | 2,406,800,000 | 2023 | +4.82% | +3.63% | View data |
| 13 | 13 Saudi Arabia | 2,093,300,000 | 2023 | +2.46% | +5.22% | |
| 14 | 14 Austria | 1,910,000,000 | 2023 | +2.28% | +2.35% | View data |
| 15 | 15 Singapore | 1,772,600,000 | 2023 | +2.88% | +2.01% | View data |
