The market for belts and bandoliers of leather or composition leather in Portugal has experienced fluctuations over the past decade. In 2023, the market was valued at 22.879 million USD. Observing trends over the last two years, the market saw a slight decline with year-on-year decreases of 0.94% in 2022 and 0.93% in 2023. Over the past five years, the market's compound annual growth rate (CAGR) averaged at -1.63%, indicating a gradual recession.
Looking ahead, potential trends include a shift toward eco-friendly and sustainable products, which could influence consumer preferences and drive growth in the leather goods sector. Manufacturers may also explore innovative designs and enhanced functionalities to capture market interest and differentiate themselves from competitors.
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,904,800,000 | 2023 | +4.21% | +5.28% | View data |
| 2 | 2 Japan | 555,760,000 | 2023 | -3.11% | -3.69% | View data |
| 3 | 3 Germany | 545,060,000 | 2023 | -0.1% | -0.027% | View data |
| 4 | 4 United Kingdom | 381,420,000 | 2023 | +0.43% | +0.67% | View data |
| 5 | 5 Canada | 190,370,000 | 2023 | +1.43% | +1.74% | View data |
| 13 | 13 Saudi Arabia | 27,526,000 | 2023 | +0.87% | +1.04% | View data |
| 14 | 14 Romania | 22,993,000 | 2023 | -0.67% | -0.2% | View data |
| 15 | 15 Portugal | 22,879,000 | 2023 | -0.93% | -1.63% | |
| 16 | 16 South Africa | 17,520,000 | 2023 | -0.25% | +0.031% | View data |
| 17 | 17 Israel | 17,239,000 | 2023 | +1.96% | -0.52% | View data |
