The market for trunks and cases of leather in Belgium has experienced fluctuations over the past decade, with a significant recovery in 2021 after a downturn during the pandemic year of 2020. By 2023, the market size reached 1159.4 million USD, with marginal year-on-year growth of 0.88%. Over the last five years, the compound annual growth rate (CAGR) averaged at 0.17%, indicating a relatively stable but slow growth trajectory.
Future trends to watch for:
- Consumer preferences shifting towards sustainable and eco-friendly leather products.
- Impact of global trade dynamics and supply chain disruptions on import-export activities.
- Rapid technological advancements in the production of leather goods.
- Potential increase in demand driven by economic recovery and tourism rebound post-pandemic.
| # | 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 |
| 15 | 15 Singapore | 1,772,600,000 | 2023 | +2.88% | +2.01% | View data |
| 16 | 16 Sweden | 1,449,700,000 | 2023 | +6.59% | +2.77% | View data |
| 17 | 17 Belgium | 1,159,400,000 | 2023 | +0.88% | +0.17% | |
| 18 | 18 Denmark | 884,690,000 | 2023 | +1.37% | +1.2% | View data |
| 19 | 19 South Africa | 822,070,000 | 2023 | -0.087% | -1.36% | View data |
