The market size value per capita for handbags of vulcanised fibre or paperboard in Senegal exhibited a fluctuating trend from 2013 to 2023. The value decreased marginally between 2013 and 2015, followed by a significant uplift in 2016. From 2016 onwards, the market saw steady growth, peaking at $0.47 in 2023. Notably, the growth between 2022 and 2023 was a 2.17% increase. The compound annual growth rate over the last five years (2018-2023) stood at approximately 1.81%.
Future trends to watch for may include potential shifts in consumer preferences towards sustainable or alternative materials due to environmental concerns. Additionally, economic factors and changes in disposable income might influence market dynamics in Senegal.
