The market for handbags made of vulcanised fibre or paperboard in Ecuador has seen a general decline over the past decade. As of 2023, the per capita value stood at $0.19, marking a 5.7% decrease from 2022 and a 13.6% decline compared to 2021. Over the last five years, the compound annual growth rate (CAGR) is -7.0%, indicating a consistent downward trend.

Future trends to watch for include:

Potential market shifts towards more sustainable or alternative materials, which may influence demand.
Economic recovery post-pandemic could impact consumer spending and preferences.
Changes in import-export policies affecting raw material availability and pricing.