The market size value per capita for articles with an outer surface of leather pocket or handbag in Belgium has been in a declining trend from 2013 to 2023, reaching $2.74 in 2023. A noticeable contraction occurred over the last decade, with relatively consistent year-on-year decreases, particularly from 2015 onwards. Over the past two years, the value shrank by 2.1% in 2022 and 2.14% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) stands at -3.07%, indicating a steady decrease in per capita spending.
Future trends to watch for:
- Potential recovery post-economic downturn and COVID-19 impacts.
- Rising interest in sustainable and ethically sourced leather goods.
- Increased influence of fast fashion and online retail impacting traditional leather markets.
| # | 19 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 18.09 | 2023 | View data | ||
| 2 | 2 Australia | 17.69 | 2023 | View data | ||
| 3 | 3 Austria | 12.57 | 2023 | View data | ||
| 4 | 4 Germany | 8.92 | 2023 | View data | ||
| 5 | 5 Netherlands | 8.75 | 2023 | View data | ||
| 9 | 9 Poland | 2.84 | 2023 | View data | ||
| 10 | 10 Greece | 2.76 | 2023 | View data | ||
| 11 | 11 Belgium | 2.74 | 2023 | |||
| 12 | 12 Lithuania | 2.48 | 2023 | View data | ||
| 13 | 13 Slovenia | 1.58 | 2023 | View data | ||
