The Articles of Apparel of Leather or Composition Leather market in Norway has experienced a continuous decline in market size from 2013 to 2023, with the market value standing at 38.306 million USD in 2023. Over the last decade, the industry faced significant contractions, as highlighted by the decline rates, most notably a -16.92% drop in 2018 and a consistent shrinkage in the subsequent years. Looking at the last two years, a year-on-year decrease of 5.05% in 2022 and 5.27% in 2023 confirms a declining trend.
Future trends to watch:
- Possible market stabilization as the decline rate slows, suggesting a deceleration in adverse impacts.
- Increasing consumer preference for sustainable and ethical leather alternatives could influence demand shifts.
- Economic recovery and enhanced disposable incomes could potentially revive interest in luxury leather apparel.
| # | 17 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 946,170,000 | 2023 | -3.39% | -4.04% | View data |
| 2 | 2 Germany | 840,990,000 | 2023 | -6.44% | -5.46% | View data |
| 3 | 3 United Kingdom | 688,920,000 | 2023 | -1.29% | -2.36% | View data |
| 4 | 4 Spain | 528,890,000 | 2023 | -3.34% | -2.98% | View data |
| 5 | 5 Japan | 439,210,000 | 2023 | -4.2% | -4.39% | View data |
| 11 | 11 Greece | 53,502,000 | 2023 | -0.77% | -1.1% | View data |
| 12 | 12 Chile | 39,779,000 | 2023 | +0.23% | +1.45% | View data |
| 13 | 13 Norway | 38,306,000 | 2023 | -5.27% | -7.62% | |
| 14 | 14 Mexico | 30,708,000 | 2023 | -2.4% | -2.53% | View data |
| 15 | 15 Colombia | 18,808,000 | 2023 | +1.17% | +0.93% | View data |
