The import of trunks and cases of leather to Angola is experiencing a declining trend. In 2023, the import value stood at $11.1152 million. For 2024, the forecasted value is $10.29 million, which signifies a decrease. This downward trend continues yearly with values of $9.4714 million in 2025, $8.6696 million in 2026, $7.8838 million in 2027, and $7.1136 million in 2028.
Year-on-year analysis shows the following percentage decreases:
- 2024: -7.43%
- 2025: -7.95%
- 2026: -8.46%
- 2027: -9.07%
- 2028: -9.77%
The Compound Annual Growth Rate (CAGR) for the post-forecasted period (2024-2028) averages -8.14% per year.
Future trends to monitor include potential changes in consumer behavior in Angola, shifts in the global leather market, trade policies, and economic conditions in Angola which could affect leather imports. Additionally, a move towards sustainable and ethical products could influence demand and import volumes.