Key Market Indicators
Indonesia ranked 25th in 2021, Mexico being the top in this ranking, followed by Italy, France and Germany. Indonesia's leather goods imports are expected to reach nearly $27 million by 2026, up from $22 million in 2021. This growth of 3.3% per year is higher than the average since 1994, which has been 14.8%. In 2021, Indonesia placed 35th, behind Hungary's $22 million. Germany, France and Italy were the top three in this ranking. Exports of leather goods from Indonesia are forecast to reach $87.8 million by 2026, down slightly from $88.5 million in 2021, with a compound annual growth rate of 0.1%. Since 1994, Indonesian exports have grown by 1.7% per year. In 2021, Mexico led the rankings, followed by Italy, France and Germany.
