Between 2013 and 2023, Mexico's market for articles for pockets or handbags with outer surfaces of leather saw a general declining trend. The market size decreased from 87.11 million USD in 2013 to 57.911 million USD in 2023. A significant decline occurred in the period between 2014 and 2020, with fluctuations and brief recoveries, such as an 18.13% increase in 2021. Despite this, there was an average annual decrease of 2.84% over the last five years.
Future trends to watch for include digital transformation in retail, changes in consumer purchasing behavior driven by sustainability, and the potential impact of economic conditions on luxury goods demand. A strategic emphasis on e-commerce and sustainable materials could help in capturing the evolving market demand.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 937,780,000 | 2023 | +4.12% | +3.7% | View data |
| 2 | 2 Germany | 747,610,000 | 2023 | +0.18% | +0.31% | View data |
| 3 | 3 Australia | 455,910,000 | 2023 | +2.5% | +1.51% | View data |
| 4 | 4 Spain | 270,460,000 | 2023 | -0.84% | -1.32% | View data |
| 5 | 5 Netherlands | 152,920,000 | 2023 | +0.58% | +0.49% | View data |
| 6 | 6 Austria | 112,750,000 | 2023 | +1.71% | +0.73% | View data |
| 7 | 7 Poland | 103,780,000 | 2023 | +4.84% | +1.97% | View data |
| 8 | 8 Mexico | 57,911,000 | 2023 | -1.95% | -2.84% | |
| 9 | 9 New Zealand | 35,757,000 | 2023 | +1.46% | +0.64% | View data |
| 10 | 10 Greece | 29,331,000 | 2023 | +1.04% | +0.93% | View data |
