Forecast: Import of Handbags with Outer Surface of Leather to the US

In 2023, the actual import of handbags with an outer surface of leather to the US was less than the projected $32.899 million for 2024. The forecasts from 2024 to 2028 predict a steady annual increase in imports, culminating in $33.659 million by 2028. Year-on-year, the import value is set to grow incrementally by approximately 0.60% to 0.70% annually between 2024 and 2028. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 0.57%.

Future trends to watch for:

  • Sustainability influencing material choice, potentially affecting leather imports.
  • Evolving consumer preferences towards digital and e-commerce will influence distribution channels.
  • The economic impact of geopolitics on international trade agreements and tariffs.

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