The leather market size value per capita in Saudi Arabia saw various fluctuations from 2013 to 2023. Starting at $43.68 in 2013, it increased to $59.45 in 2023, showcasing a steady overall growth. Notable changes occurred in 2017 with a drop, but it rebounded significantly by 2019. Between 2021 and 2022, the market rose by 1.81%, and from 2022 to 2023, it grew by 1.76%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 stood at approximately 4.27%.
Future trends to watch for include:
- The impact of increasing domestic production efforts on the market.
- Potential shifts in consumer preferences towards sustainable products.
- Regulatory changes impacting leather goods imports and exports.
| # | 38 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 377.73 | 2023 | View data | ||
| 2 | 2 France | 300.25 | 2023 | View data | ||
| 3 | 3 Singapore | 288.07 | 2023 | View data | ||
| 4 | 4 Australia | 276.86 | 2023 | View data | ||
| 5 | 5 Japan | 244.76 | 2023 | View data | ||
| 19 | 19 Ireland | 73.25 | 2023 | View data | ||
| 20 | 20 Poland | 64.57 | 2023 | View data | ||
| 21 | 21 Saudi Arabia | 59.45 | 2023 | |||
| 22 | 22 Croatia | 59.34 | 2023 | View data | ||
| 23 | 23 Lithuania | 51.68 | 2023 | View data | ||
