The Composition Leather Market in Colombia experienced a decline from 2013, reaching a value of $1.2099 million in 2023. Notably, the market saw fluctuations, dipping sharply in 2020 followed by a brief recovery in 2021. The last five years noted a CAGR decrease of approximately -5.57%. Over the past two years, from 2022 to 2023, the value showed a consistent decline, reflecting the sector's ongoing challenges.
Future trends to watch include potential recovery efforts post-pandemic, shifts in consumer demand towards sustainable materials, and technological advancements in leather composition manufacturing, which may influence market growth.
| # | 7 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 148,450,000 | 2023 | +2% | +2.15% | View data |
| 2 | 2 Spain | 17,387,000 | 2023 | -3.14% | +0.35% | View data |
| 3 | 3 Germany | 12,841,000 | 2023 | -6.38% | -6.34% | View data |
| 4 | 4 Japan | 4,424,700 | 2023 | -11.09% | -10.23% | View data |
| 5 | 5 Switzerland | 4,261,700 | 2023 | +1.28% | +2.24% | View data |
| 6 | 6 Morocco | 3,515,100 | 2023 | -2.55% | -2.57% | View data |
| 7 | 7 Colombia | 1,209,900 | 2023 | -6.12% | -5.57% |
