Leather Apparel Market Overview in Cyprus
In value terms, leather apparel production contracted significantly to $ in estimated in export prices. Overall, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2010 when the production volume increased by % y-o-y. Leather apparel production peaked at $ in 2011; however, from 2012 to , production failed to regain the momentum.
The revenue of the leather apparel market in Cyprus reduced dramatically to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Leather apparel consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.