The market for leather pocket and handbag articles in El Salvador showed a steady increase from 2013 to 2023, reaching a value of $0.27 per capita. Analyzing trends, there was a slight decline in 2020 by 16% due to global disruptions, but it rebounded in 2021 with a 23.8% increase. The compound annual growth rate (CAGR) over the last five years was approximately 1.58%, indicating moderate growth.
Future trends to watch for:
- Potential impact of evolving fashion trends and consumer preferences.
- Influence of economic conditions on disposable income and purchasing power.
- Emerging sustainable practices in material sourcing and production processes.
| # | 19 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 18.09 | 2023 | View data | ||
| 2 | 2 Australia | 17.69 | 2023 | View data | ||
| 3 | 3 Austria | 12.57 | 2023 | View data | ||
| 4 | 4 Germany | 8.92 | 2023 | View data | ||
| 5 | 5 Netherlands | 8.75 | 2023 | View data | ||
| 16 | 16 Mexico | 0.44 | 2023 | View data | ||
| 17 | 17 South Africa | 0.33 | 2023 | View data | ||
| 18 | 18 El Salvador | 0.27 | 2023 | |||
| 19 | 19 Colombia | 0.24 | 2023 | View data | ||
