The market for belts and bandoliers of leather or composition leather in Belgium experienced a notable decline from 2013 to 2023, with a decrease in market size value from 55.367 million USD to 28.347 million USD. The year-on-year variation showed fluctuations with significant declines in 2014, 2016, and 2020, while 2018 and 2021 posted positive growth. Over the past five years, the market exhibited a compound annual growth rate of -5.18%, pointing to a consistent downturn.
Future trends to watch for include:
- Potential recovery driven by increasing fashion consciousness and leather product innovation.
- Sustainability trends could influence demand for eco-friendly leather alternatives.
- Economic factors and consumer spending power in Belgium could impact market recovery efforts.
How does Belgium rank in Belts and Bandoliers of Leather or Composition Leather Market Size Value?
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,904,800,000 | 2023 | +4.21% | +5.28% | View data |
| 2 | 2 Japan | 555,760,000 | 2023 | -3.11% | -3.69% | View data |
| 3 | 3 Germany | 545,060,000 | 2023 | -0.1% | -0.027% | View data |
| 4 | 4 United Kingdom | 381,420,000 | 2023 | +0.43% | +0.67% | View data |
| 5 | 5 Canada | 190,370,000 | 2023 | +1.43% | +1.74% | View data |
| 10 | 10 Norway | 35,056,000 | 2023 | -1.39% | -1.07% | View data |
| 11 | 11 Denmark | 28,540,000 | 2023 | -11.26% | -8.06% | View data |
| 12 | 12 Belgium | 28,347,000 | 2023 | -5.41% | -5.18% | |
| 13 | 13 Saudi Arabia | 27,526,000 | 2023 | +0.87% | +1.04% | View data |
| 14 | 14 Romania | 22,993,000 | 2023 | -0.67% | -0.2% | View data |
