In 2023, Thailand's export of leather clothing accessories stood at a certain value, and by 2024, the forecast is expected to reach 61.115 million USD. The export values are anticipated to experience consistent growth: 61.275 million USD in 2025, 61.431 million USD in 2026, 61.584 million USD in 2027, and 61.734 million USD in 2028, with these forecasts showing a slight but steady year-on-year increase.
Based on these numbers, the average year-on-year growth stands at a minimal percentage over the forecast period, highlighting a stable but incremental upward trend. This trend indicates a Compound Annual Growth Rate (CAGR) of approximately 0.25% over the five-year forecast period.
Future trends to watch for include potential changes in global demand for leather clothing accessories, shifts in trade policies, fluctuations in raw material costs, and evolving consumer preferences towards sustainable and ethical fashion choices. Monitoring these factors could provide a clearer picture of the industry's trajectory and potential disruptions.