The forecasted export value of leather goods and related products from Turkey to China shows a consistent decline from 2024 to 2028. In 2023, the actual export value stood at 16.000 million USD. The year-on-year percentage variations indicate a steady decrease: -7.98% in 2025, -8.48% in 2026, -9.12% in 2027, and -9.77% in 2028. Over the last two years, the average annual decline was significant, and the Compound Annual Growth Rate (CAGR) for the five-year period from 2024 to 2028 reveals a negative trend.
Future trends to watch for include shifts in Chinese consumer preferences toward sustainable and ethical leather products, potential trade policy changes between Turkey and China, and the impact of global economic conditions on trade dynamics. Monitoring these factors could provide insights into strategies for mitigating the decline in exports.
