The trunks and cases of leather market in Jamaica have shown a fluctuating trend over the years. As of 2023, the market size stood at $19.499 million, slightly declining by 0.37% from 2022. Over the past five years, the market's growth has exhibited an average annual decline of 1.06% (CAGR). The market witnessed a significant dip in 2020 at 17.33% but partially rebounded in 2021 with a 20.02% increase.
Looking ahead, future trends to watch include the potential impact of e-commerce growth on luxury goods consumption and changes in consumer preferences towards sustainable leather products which could shape the market dynamics in Jamaica.
| # | 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 |
| 36 | 36 Mauritius | 27,408,000 | 2023 | +2.74% | -0.56% | View data |
| 37 | 37 Botswana | 21,230,000 | 2023 | +1.49% | +1.36% | View data |
| 38 | 38 Jamaica | 19,499,000 | 2023 | -0.37% | -1.06% | |
