From 2013 to 2023, the market size value per capita for handbags with an outer surface of leather in Thailand showed a notable upward trend, increasing from $2.99 to $4.29. The most significant growth occurred post-2018, with the value escalating by approximately 26% over the final five-year period. Between 2022 and 2023, there was a year-on-year increase of around 3.9%. The compound annual growth rate (CAGR) over the last five years was about 10%.
Future trends to watch for include:
- Potential impacts of shifting consumer preferences towards sustainable materials.
- Economic factors and their influence on discretionary spending power.
- Technological advancements in e-commerce facilitating broader distribution and market penetration.
| # | 22 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 82.51 | 2023 | View data | ||
| 2 | 2 United Kingdom | 52.53 | 2023 | View data | ||
| 3 | 3 Austria | 49.6 | 2023 | View data | ||
| 4 | 4 Netherlands | 45.11 | 2023 | View data | ||
| 5 | 5 Denmark | 35.9 | 2023 | View data | ||
| 14 | 14 Croatia | 6.17 | 2023 | View data | ||
| 15 | 15 Romania | 5.16 | 2023 | View data | ||
| 16 | 16 Thailand | 4.29 | 2023 | |||
| 17 | 17 Slovenia | 3.62 | 2023 | View data | ||
| 18 | 18 Moldova | 1.11 | 2023 | View data | ||
