The export of handbags with an outer surface of leather from the UK stood at approximately 7.7741 million GBP in 2023. Over the past two years, the market experienced a consistent upward trend, with a year-on-year growth of 5.5% in 2022 and 5.11% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years is 7.59%, indicating a steady increase in exports.
Looking ahead to the forecasted period from 2024 to 2028, we see a continued upward trajectory with an overall growth rate of 19.03% over five years and a forecasted CAGR of 3.55%. Key future trends to watch for include increasing consumer demand for luxury goods, the impact of global economic conditions on export capability, and evolving trade policies post-Brexit.
