The import of handbags with an outer surface of leather to Turkey stood at 170.78 thousand kilograms in 2023. The year-on-year variation showed a slight increase of 0.3%. Over the last two years, there has been minimal growth, with year-on-year variations of 0.31% in 2022 and 20.86% in 2021. The five-year compound annual growth rate (CAGR) stands at 1.22%, reflecting a gradual but steady increase in volume.
Future forecast data suggests a continued but modest growth trend, with expectations of reaching 173.44 thousand kilograms by 2028. The forecasted five-year CAGR is anticipated to be 0.24%, indicating slow but steady long-term growth.
Future trends to watch for include:
- Economic stability and purchasing power in Turkey, which can influence import levels.
- Global supply chain dynamics and potential disruptions.
- Changes in fashion trends and consumer preferences for leather handbags.
- Trade policies and tariff adjustments between Turkey and exporting countries.
