From 2013 to 2023, the market for articles for pocket or handbag with an outer surface of leather in Hungary showed a steady growth, reaching a value of 8.8371 million USD in 2023. Notably, after a slight decline in 2015, the market value consistently increased. The year-on-year growth from 2022 to 2023 was 0.84%, while the CAGR over the last 5 years was 0.67%, indicating a modest yet consistent increase.
Future trends to watch for include:
- An emphasis on sustainable and eco-friendly leather production.
- Increased demand driven by fashion trends and consumer preferences for high-quality leather goods.
- Potential impact of economic factors affecting consumer spending power.
| # | 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 |
| 13 | 13 South Africa | 20,310,000 | 2023 | -2.48% | -3.32% | View data |
| 14 | 14 Colombia | 12,642,000 | 2023 | -3.69% | -4.84% | View data |
| 15 | 15 Hungary | 8,837,100 | 2023 | +0.84% | +0.67% | |
| 16 | 16 Lithuania | 6,840,600 | 2023 | +2.31% | +1.85% | View data |
| 17 | 17 Slovenia | 3,476,800 | 2023 | +0.88% | -2.49% | View data |
