Forecast: Leather Goods and Related Products Exports to Nigeria by South Africa

From 2013 to 2016, South Africa's leather goods exports to Nigeria showed significant fluctuations, with a notable decline in 2016. Between 2017 and 2020, values remained relatively stable but at lower levels. A positive trend began in 2021, with slight year-on-year increases through 2022 and 2023, where the value reached 1.0997 million USD. The projected data from 2024 to 2028 suggests a consistent growth rate, albeit modest.

Future trends to watch for:

  • Stable year-on-year growth in exports from 2024.
  • A positive but slow 5-year CAGR forecast of 1.76%.
  • Potential impacts of economic policies and trade relations between South Africa and Nigeria.

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