The market for watch straps and parts made of leather or plastic in Bosnia and Herzegovina has gradually declined from 2013, when it was valued at 235.3 thousand USD, to 185.31 thousand USD in 2023. This represents a cumulative decline over the decade. Year-on-year variations highlight fluctuations, with recent years showing a consistent negative trend, particularly a -2.51% drop between 2022 and 2023. The CAGR over the last five years stands at -3.71%, indicating a steady downward trend.
Looking ahead, the market may experience stabilization or growth opportunities due to emerging customer preferences towards sustainable materials and innovative designs, as well as a potential economic rebound driving discretionary spending.
| # | 9 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 198,550,000 | 2023 | +0.23% | +0.42% | View data |
| 2 | 2 Germany | 121,790,000 | 2023 | +4.84% | +1.66% | View data |
| 3 | 3 Italy | 99,069,000 | 2023 | -0.34% | +0.18% | View data |
| 4 | 4 Australia | 46,643,000 | 2023 | +3.78% | +3.96% | View data |
| 5 | 5 Mexico | 7,930,500 | 2023 | +0.36% | +1.33% | View data |
| 7 | 7 New Zealand | 5,291,100 | 2023 | +3.41% | +3.08% | View data |
| 8 | 8 Lithuania | 1,048,400 | 2023 | +2.4% | +0.59% | View data |
| 9 | 9 Bosnia and Herzegovina | 185,310 | 2023 | -2.51% | -3.71% | |
