Between 2013 and 2023, the Articles of Apparel of Leather or Composition Leather market in Cyprus demonstrated fluctuating trends. The market value peaked in 2016 at 4.2355 million USD before experiencing a decline, reaching approximately 3.4412 million USD by 2023. The last two years showed minor decreases, with year-on-year variations recorded at -0.88% in 2022 and -0.87% in 2023. The five-year CAGR also reflects slight growth at 0.16%.
Future trends to watch for include:
- Eco-friendly alternatives possibly influencing product ranges.
- Impact of global supply chain challenges on product availability and pricing.
- Potential shifts due to consumer preferences towards sustainable and vegan-friendly fashion.
| # | 17 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 946,170,000 | 2023 | -3.39% | -4.04% | View data |
| 2 | 2 Germany | 840,990,000 | 2023 | -6.44% | -5.46% | View data |
| 3 | 3 United Kingdom | 688,920,000 | 2023 | -1.29% | -2.36% | View data |
| 4 | 4 Spain | 528,890,000 | 2023 | -3.34% | -2.98% | View data |
| 5 | 5 Japan | 439,210,000 | 2023 | -4.2% | -4.39% | View data |
| 15 | 15 Colombia | 18,808,000 | 2023 | +1.17% | +0.93% | View data |
| 16 | 16 Ireland | 11,841,000 | 2023 | +0.86% | +0.17% | View data |
| 17 | 17 Cyprus | 3,441,200 | 2023 | -0.87% | +0.16% | |
