From 2013 to 2023, the export value of leather clothing accessories from Viet Nam showed an upward trend, growing from $67.606 million in 2013 to $112.86 million in 2023. The data displayed notable growth periods, particularly high year-on-year variations in 2014 (11.95%) and 2015 (23.83%). However, there were also periods of stagnation and slight decline, such as in 2016 (-4.95%) and 2020 (-1.52%). The average yearly growth rate (CAGR) over the last five years up to 2023 stands at 3.48%.
The forecast suggests continued moderate growth in the export of leather clothing accessories, with an anticipated value of $130.67 million by 2028 and a five-year CAGR of 2.3%, reflecting a total growth rate of 12.07% from 2024 to 2028.
Future trends to watch for include:
- International trade policies impacting export dynamics.
- Increasing consumer demand for sustainable and ethically sourced leather products.
- Technological advancements in leather production and design.
- Competitive pressures from other leather-exporting nations.