Over the past decade, the market for handbags made of vulcanized fibre or paperboard in Croatia has seen fluctuations, with values decreasing notably from 2013's $4.57 million to $2.72 million in 2023. The last two years saw a decline at an average rate of approximately 4.92% annually. From 2019 to 2023, the compound annual growth rate was negative 3.12%, indicating a downward trend.

Future trends to watch for include:

Shifts towards eco-friendly materials driving demand for paperboard alternatives.
Potential recovery post-2023 if economic factors favor consumer spending.
Innovations in design and functionality could attract new market segments.