The market size value per capita for articles with an outer surface of leather in South Africa shows a declining trend from 2013 to 2023. Starting at $0.59 in 2013, the value per capita dropped consistently, reaching $0.33 in 2023. Over the most recent two years, the decline was slowed, with 2022 seeing a slight reduction compared to the previous sharper drops. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 reflects a negative trend, averaging yearly reductions over this period.
Future trends to watch for include:
- Potential market stabilization as the decline has shown signs of slowing.
- The impact of economic recovery post-pandemic on disposable income and luxury spending.
- Growing consumer interest in sustainable alternatives to leather goods possibly influencing market dynamics.
How does South Africa rank in Articles for Pocket or Handbag with Outer Surface of Leather Market Size Value Per Capita?
| # | 19 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 18.09 | 2023 | View data | ||
| 2 | 2 Australia | 17.69 | 2023 | View data | ||
| 3 | 3 Austria | 12.57 | 2023 | View data | ||
| 4 | 4 Germany | 8.92 | 2023 | View data | ||
| 5 | 5 Netherlands | 8.75 | 2023 | View data | ||
| 15 | 15 Hungary | 0.92 | 2023 | View data | ||
| 16 | 16 Mexico | 0.44 | 2023 | View data | ||
| 17 | 17 South Africa | 0.33 | 2023 | |||
| 18 | 18 El Salvador | 0.27 | 2023 | View data | ||
| 19 | 19 Colombia | 0.24 | 2023 | View data | ||
