The market for belts and bandoliers of leather or composition leather in Morocco has shown a declining trend over the last decade. Starting from a value of 15.807 million USD in 2013, it decreased to 9.1982 million USD by 2023. Year-on-year variations highlight significant volatility, such as a drop of 21.22% in 2020 followed by a 16.8% rebound in 2021. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average annual decline of -1.94%.
Future trends to watch for include:
- Potential recovery in luxury goods markets as consumer confidence returns post-economic disruptions.
- Increased demand for eco-friendly and sustainable leather alternatives impacting market dynamics.
- Technological advancements in leather production and design enhancing product offerings.
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,904,800,000 | 2023 | +4.21% | +5.28% | View data |
| 2 | 2 Japan | 555,760,000 | 2023 | -3.11% | -3.69% | View data |
| 3 | 3 Germany | 545,060,000 | 2023 | -0.1% | -0.027% | View data |
| 4 | 4 United Kingdom | 381,420,000 | 2023 | +0.43% | +0.67% | View data |
| 5 | 5 Canada | 190,370,000 | 2023 | +1.43% | +1.74% | View data |
| 19 | 19 New Zealand | 15,006,000 | 2023 | +1.78% | +1.79% | View data |
| 20 | 20 Finland | 10,064,000 | 2023 | -5.77% | -6.03% | View data |
| 21 | 21 Morocco | 9,198,200 | 2023 | -3.12% | -1.94% | |
| 22 | 22 Hungary | 8,925,000 | 2023 | -0.93% | -0.29% | View data |
| 23 | 23 Colombia | 8,922,700 | 2023 | -5.67% | -3.53% | View data |
