Composition Leather with a Basis of Leather or Leather Fibre Market Size Value Per Capita in Colombia

The Composition Leather with a basis of leather or leather fibre market in Colombia witnessed a decline over the past decade, beginning at $0.051 per capita in 2013 and decreasing to $0.023 per capita in 2023. Notably, the lowest values were recorded in 2020, primarily due to economic disruptions. From 2021 to 2023, a marginal decline was also observed. Year-on-year, the values dwindled slightly by approximately 14.8% over the past two years, with a compound annual growth rate (CAGR) of -7.9% over the last five years.

Future trends may show stabilization or gradual growth due to sustainability trends, increased eco-consciousness, and potential economic recovery enhancing demand for leather goods.