The Italian market for handbags made from vulcanised fibre or paperboard, expressed in value, stood at 166.93 million USD in 2023. This market has experienced a consistent decline since 2013, with intermittent recovery observed in 2018 and 2021. Year-on-year analysis indicates a modest decrease of 1.16% in 2023 and 1.17% in 2022. The compound annual growth rate over the last five years is reported as -1.18%, showcasing a continuous downward trend.
Future trends to watch for include the potential for innovation in sustainable materials, increasing demand for eco-friendly products, and possible economic factors affecting luxury goods consumption in Italy.
