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.