The trunks and cases of the leather market in Guatemala have shown significant fluctuations over the past decade. The market size reached $256.84 million USD in 2023. Year-on-year growth varied, peaking at 29.23% in 2015, but encountering a downturn in 2020 with a negative growth of -13.19%. Recent years showed stabilization with growth rates of 3.56% in 2022 and 3.37% in 2023. Over the last five years, the CAGR was 3.43%, indicating moderate but consistent growth.
Future trends to watch include:
- A potential impact of global economic factors influencing leather demand.
- The role of sustainable and ethically-produced leather goods gaining popularity.
- Innovation in leather processing and product diversification driving new market opportunities.
| # | 38 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 30,815,000,000 | 2023 | +0.3% | +1.08% | View data |
| 2 | 2 France | 20,285,000,000 | 2023 | +0.94% | +0.54% | View data |
| 3 | 3 United Kingdom | 13,375,000,000 | 2023 | +1.18% | +0.85% | View data |
| 4 | 4 Germany | 12,267,000,000 | 2023 | +1.38% | +1.48% | View data |
| 5 | 5 South Korea | 10,639,000,000 | 2023 | +4.74% | +6.49% | View data |
| 23 | 23 Ireland | 361,850,000 | 2023 | +1.41% | +1.23% | View data |
| 24 | 24 Morocco | 277,870,000 | 2023 | +2.76% | +1.26% | View data |
| 25 | 25 Guatemala | 256,840,000 | 2023 | +3.37% | +3.43% | |
| 26 | 26 Croatia | 239,450,000 | 2023 | +2.52% | +2.75% | View data |
| 27 | 27 Costa Rica | 158,160,000 | 2023 | +1.44% | +0.28% | View data |
