Key Market Indicators
In 2021, it was number 133 in the ranking, down from 126 in 2019. China, Italy and Germany respectively were numbers 1, 2 and 3 in this ranking. Lao Leather Goods Imports are projected to reach around $1.4 million by 2026. This represents an increase of 3.4% per year on average since 2021, when the country hit $1.1 million. Since 2015, Lao demand has grown at a rate of 5.2% annually. Last year, Lao was ranked 102nd, behind Tanzania at $1.1 million. Germany, France, and Italy took the second, third and fourth spots in the ranking. Meanwhile, Lao Leather Goods Exports are expected to reach approximately $52,000 by 2026. This is a 3.2% average year-on-year growth from 2021's figure of $43,000. Since 2017, Lao supply has grown at a rate of 1.5% every year. In 2021, Lao was ranked 133rd, dropping from 126th in 2019. China, Italy, and Germany were the top three exporters in the ranking.
