In 2023, the import of leather clothing accessories to South Africa stood at 18.2 million US dollars. From 2024 to 2028, the forecasted data shows a gradual decline in the values: 17.621 million in 2024, 17.057 million in 2025, 16.503 million in 2026, 15.961 million in 2027, and 15.43 million in 2028.
The year-on-year percentage variation over the last two years indicates a continuous downward trend. Specifically:
- 2024: -3.18% (compared to 2023)
- 2025: -3.2% (compared to 2024)
- 2026: -3.2% (compared to 2025)
- 2027: -3.28% (compared to 2026)
- 2028: -3.33% (compared to 2027)
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is -3.24%, demonstrating a consistent decline in import values over this period.
Future trends to watch for include changes in consumer preferences towards synthetic options, potential trade policies that could impact leather import tariffs, and economic factors such as fluctuations in disposable income and currency exchange rates.