The trunks and cases of leather market in Armenia experienced fluctuating growth patterns from 2013 to 2023, with a value of 41.128 million US dollars in 2023. The market saw significant growth, particularly in 2017, with a year-on-year increase of 30.03%. However, periods of decline, such as in 2018 and 2020, indicate variability in market dynamics. Over the last two years, the market witnessed moderate growth, with year-on-year variations of 3.1% in 2022 and 2.94% in 2023. The five-year CAGR was 3.28%, reflecting a stable yet slow upward trend overall.

Future trends to watch for include sustainable leather production, increased demand for premium and luxury products, and the impact of e-commerce on market expansion. Additionally, geopolitical and economic factors could influence market stability and growth rates in upcoming years.

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