From 2013 to 2023, Turkey's export of handbags with an outer surface of leather experienced fluctuations. The value stood at $2.089 million in 2023. Significant growth occurred in 2014 (26.43%) and 2018 (57.66%), following declines such as in 2016 (-46.13%) and 2020 (-14.77%). Over the last five years, the CAGR was 0.68%, indicating moderate growth.
Looking ahead, the forecast from 2024 to 2028 suggests a steady increase, reaching $2.3394 million in 2028. The forecasted 5-year CAGR of 1.78% and a growth rate of 9.23% point to a positive outlook.
Future trends to watch for include the impact of global economic conditions, changes in fashion trends, and shifts in consumer preferences towards sustainable and ethically produced handbags.
