From 2013 to 2023, the value per capita of polishes and creams for footwear or leather in Peru mostly declined, starting at $0.17 in 2013 and standing at $0.13 in 2023. The trend shows significant decreases from 2013 to 2016, stabilization from 2016 to 2019, a drop during 2020, followed again by stability from 2021. Notable is the negative impact of the 2020 economic environment, with recovery attempts evident in the subsequent years. Over the last two years (2022-2023), the value per capita remained unchanged at $0.13. The five-year Compound Annual Growth Rate (CAGR) reveals a consistent trend with minor fluctuations.

Future trends to watch include potential increases due to economic recovery and shifts in consumer behavior towards higher quality leather care products. Additionally, the growth of e-commerce platforms could influence market dynamics and customer reach. Sustainability trends and the demand for eco-friendly products may also shape market development.

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