The exports of leather goods and related products from South Africa to Vietnam have shown variability over the past decade, with significant growth observed in 2014 followed by fluctuations and a general decline. As of 2023, the_export stood at 6.34 million US Dollars. There was a notable peak in 2014 with an 87% year-on-year increase, but subsequent years saw varying declines and modest growth. Over the last two years before 2024, the export values saw marginal increases of 0.62% and 0.61%, respectively. The average annual growth rate (CAGR) over the last five years is estimated at around 6%.
Future yearly increments forecasted until 2028 suggest a steadier pace with minimal average annual changes, reflecting a CAGR of approximately 0.5%. Expected future trends to watch for include strategic shifts in South Africa's market focus, economic conditions, and possible emergence of new trade regulations impacting leather goods and related product exports to Vietnam.
