The market for articles for pocket or handbag with an outer surface of leather in New Zealand has experienced fluctuating growth over the past decade. In 2023, the market size was valued at 35.757 million USD. Notably, after a decline in 2020, there was a significant recovery with a year-on-year increase of 22.37% in 2021. The period from 2017 to 2023 witnessed a compounded annual growth rate (CAGR) of 0.64%, indicating moderate overall growth. Year-on-year variations highlight resilience and adaptability amidst challenges.
Looking ahead, key trends to watch include the influence of sustainable and ethical fashion, increasing consumer preference for premium leather goods, and potential impacts of global economic fluctuations on luxury goods demand. Monitoring these factors will provide insights into future market positioning and opportunities for growth in New Zealand.
| # | 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 |
| 7 | 7 Poland | 103,780,000 | 2023 | +4.84% | +1.97% | View data |
| 8 | 8 Mexico | 57,911,000 | 2023 | -1.95% | -2.84% | View data |
| 9 | 9 New Zealand | 35,757,000 | 2023 | +1.46% | +0.64% | |
| 10 | 10 Greece | 29,331,000 | 2023 | +1.04% | +0.93% | View data |
| 11 | 11 Belgium | 23,817,000 | 2023 | -8.55% | -8.35% | View data |
