Colombia Leather Goods Market research report, 2028

The leather industry in Colombia has a long history, and the country has access to high-quality raw materials and a trained labour force. The market for leather goods in the nation presents several chances for development and growth. Colombian consumers are becoming more aware of environmental issues and are demanding products that are made from sustainable materials. This has led to an increase in the production of eco-friendly leather products in the country. As Colombia's economy continues to grow, there is a growing demand for luxury leather goods, including handbags, shoes, and accessories. Colombian leather goods manufacturers are tapping into this trend by producing high-end products with unique designs. Leather backpacks are becoming a popular fashion accessory in Colombia, particularly among students and young professionals. These products offer a combination of style and practicality, making them an attractive option for consumers. Colombian leather goods manufacturers are focusing on innovation and design to differentiate their products from competitors. This has led to the development of unique products with creative designs, helping to drive growth in the market. According to the research report "Colombia Leather Goods Market research report, 2028," published by Actual Market Research, the Colombia leather goods market was valued at USD 3 Billion in 2022. In Colombia, there is a rising demand for leather items, which is being fueled by rising wages, shifting fashion tastes, and a greater understanding of the advantages of utilising leather as a sustainable material for the environment. In recent years, there has been a growing trend in Colombia towards the use of technology in the leather goods industry. Some of the technological trends that are becoming popular in the Colombian leather goods market include: CAD (computer-aided design) is being increasingly used in the design of leather goods, allowing designers to create accurate and detailed designs that can be easily modified and shared with manufacturers. 3D printing technology is also being adopted by some leather goods manufacturers in Colombia, allowing them to create prototypes quickly and efficiently, reducing the time and cost of product development. The use of automation in leather goods manufacturing is also growing in Colombia. Automation can help improve the speed and efficiency of production, reduce labour costs, and improve product quality and consistency. Based on the product types, they include footwear, handbags, small leather goods and accessories, apparel, home decor and furnishing, pet accessories, automotive accessories, and luggage bags. The largest market shares in Colombia are held by footwear. Colombia is a country with diverse geographical features that offer opportunities for various outdoor activities. This, in turn, has led to a high demand for quality and durable footwear made from leather, especially among outdoor enthusiasts.

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In Colombia, the seasonal trends for leather goods vary according to the weather conditions. Since the country experiences tropical weather with alternating wet and dry seasons, the demand for certain types of leather products changes accordingly. During the dry season, which usually lasts from December to March, there is an increase in the demand for leather sandals, shoes, and boots. This is due to the need for breathable and comfortable footwear in hot weather. In contrast, during the rainy season, which typically starts in April and lasts until November, the demand for leather products such as jackets, bags, and wallets increases. This is because people need to protect themselves and their belongings from the rain. Based on the leather types, there are genuine leather and synthetic leather. In Colombia, genuine leather covers the largest market share. Genuine leather in Colombia is mainly made from cowhide, which is the most common source of leather. However, other sources, such as goatskin and pigskin, are also used to produce leather goods in Colombia. In the future, synthetic leather will grow at the highest CAGR rate. Synthetic leather is growing in Colombia because of its lower cost compared to genuine leather. Synthetic leather is also known for its durability and versatility in terms of design and colour options, which makes it attractive to consumers who are looking for affordable and trendy leather goods. Additionally, synthetic leather is easier to produce and requires less maintenance compared to genuine leather, which makes it a more practical choice for some consumers. Based on the distribution channel, it includes specialty stores, supermarkets and hypermarkets, brand outlets, online stores, and others. In Colombia, specialty stores are leading the leather goods market. Top specialty stores that provide a wide range of leather products are Vélez, Tannino, Rapsodia, Barbara, and Totto. Top local manufacturers of leather goods are Cueros Vélez, Mario Hernandez, Pielok, and Tcherassi Vilato. Considered in this report • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028

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Kripa Shah

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Aspects covered in this report • Colombia Leather Goods market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Genuine Leather • Synthetic Leather By Product • Footwear • Handbags • Small Leather Goods/ Accessories • Apparel • Home Décor and Furnishing • Pet Accessories • Automotive Accessories • Luggage & bags

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By Distribution Channel • Speciality Store • Supermarkets and Hypermarkets • Brand Outlets • Online Stores • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Leather Goods industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.