The handbags with outer surface of leather market size per capita in South Africa decreased from 0.94 USD in 2013 to 0.76 USD in 2023. From 2022 to 2023, there was a slight decline of 1.3%. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged around 0.51% annually, indicating a mild, yet consistent decline. Recent years show stabilization post-pandemic impacts, with minor year-on-year fluctuations.
Future trends to watch for include a shift towards sustainable materials, increased preference for premium brands, and a potential growth spurt from emerging middle-class consumers in urban areas seeking luxury or aspirational purchases.
| # | 22 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 82.51 | 2023 | View data | ||
| 2 | 2 United Kingdom | 52.53 | 2023 | View data | ||
| 3 | 3 Austria | 49.6 | 2023 | View data | ||
| 4 | 4 Netherlands | 45.11 | 2023 | View data | ||
| 5 | 5 Denmark | 35.9 | 2023 | View data | ||
| 17 | 17 Slovenia | 3.62 | 2023 | View data | ||
| 18 | 18 Moldova | 1.11 | 2023 | View data | ||
| 19 | 19 South Africa | 0.76 | 2023 | |||
| 20 | 20 Colombia | 0.72 | 2023 | View data | ||
| 21 | 21 India | 0.71 | 2023 | View data | ||
