The market for handbags with outer surfaces of plastic sheeting or textile materials in South Africa reached a value of $126.69 million in 2023. Over the last decade, the market experienced fluctuations, with notable declines in 2014 and 2020. However, there has been recovery in recent years, particularly with a significant rise of over 20% in 2021, followed by stabilization. The five-year compound annual growth rate (CAGR) stood at a modest 0.52% by 2023, reflecting a steady market recovery.
Future Trends to Watch For:
- Increased consumer demand for eco-friendly and sustainable handbag options.
- Growth in online retailing as e-commerce becomes more prevalent.
- Potential impact of economic fluctuations and consumer spending patterns on market size.
How does South Africa rank in Handbags with Outer Surface of Plastic Sheeting or of Textile Materials Market Size Value?
| # | 27 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,144,400,000 | 2023 | -0.22% | -0.72% | View data |
| 2 | 2 Spain | 1,829,300,000 | 2023 | +0.73% | +1.4% | View data |
| 3 | 3 Japan | 1,513,700,000 | 2023 | -0.99% | -0.0028% | View data |
| 4 | 4 India | 1,296,300,000 | 2023 | +4.34% | +5.17% | View data |
| 5 | 5 Germany | 1,267,100,000 | 2023 | +1.04% | -0.11% | View data |
| 12 | 12 Israel | 162,470,000 | 2023 | +1.64% | +2.67% | View data |
| 13 | 13 Sweden | 137,070,000 | 2023 | +1.8% | +2.28% | View data |
| 14 | 14 South Africa | 126,690,000 | 2023 | +0.16% | +0.52% | |
| 15 | 15 Romania | 100,830,000 | 2023 | +3.84% | +1.94% | View data |
| 16 | 16 Denmark | 96,765,000 | 2023 | +0.66% | +0.96% | View data |
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