The Articles of Apparel and Clothing Accessories of Furskin market in Uruguay experienced a marginal decrease in value in 2023, ending at $4.0138 million, indicating a slight fall from the previous year. The market exhibited fluctuations from 2013, showing substantial drops and moderate recovery phases, such as a notable 12.26% decline in 2016 and a recovery phase with a 6.21% increase in 2019. Over the last five years, the market's compound annual growth rate (CAGR) was 0.69%, reflecting a virtually stagnant growth with minor oscillations.
Future trends to watch for include:
- Shifts in consumer preferences towards sustainable and ethical fashion, potentially impacting demand for furskin products.
- Changes in trade regulations or tariffs affecting import and export dynamics.
- Technological advancements in material alternatives could influence market demand.
| # | 6 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 341,250,000 | 2023 | +1.21% | +0.93% | View data |
| 2 | 2 Spain | 37,011,000 | 2023 | -12.13% | -10.69% | View data |
| 3 | 3 Austria | 33,616,000 | 2023 | -1.79% | -1.78% | View data |
| 4 | 4 Poland | 4,840,800 | 2023 | -8.56% | -8.09% | View data |
| 5 | 5 Uruguay | 4,013,800 | 2023 | -0.18% | +0.69% | |
| 6 | 6 Mexico | 3,395,200 | 2023 | -6.13% | -7.06% | View data |
