Analysis of the Articles for Pocket or Handbag with Outer Surface of Leather market in Mexico reveals a declining trend in value per capita from 2013 to 2023. The per capita value in 2023 was at $0.44. Between 2021 and 2022, the market experienced a decline of approximately 4.26%, and a further reduction of about 2.22% from 2022 to 2023. Over the past five years, the compound annual growth rate (CAGR) has been declining, averaging around -1.66% per year.
Future trends to watch for include:
- Potential shifts in consumer preferences towards eco-friendly materials, potentially affecting leather demand.
- Digital commerce expansion influencing online sales of leather goods.
- Economic factors such as inflation and currency fluctuations impacting purchasing power.
| # | 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 | ||
| 14 | 14 Malta | 1.47 | 2023 | View data | ||
| 15 | 15 Hungary | 0.92 | 2023 | View data | ||
| 16 | 16 Mexico | 0.44 | 2023 | |||
| 17 | 17 South Africa | 0.33 | 2023 | View data | ||
| 18 | 18 El Salvador | 0.27 | 2023 | View data | ||
