The exports of leather goods and related products from Portugal to South Africa have experienced a fluctuating trend from 2013 to 2023. Notable dips occurred in 2017 and 2020, but overall, there has been an upward trajectory. The value of exports stood at $3.4428 million in 2023, marking a modest 2.47% year-on-year increase. Over the past five years, the compound annual growth rate (CAGR) has been 0.95%, highlighting a period of stability and incremental growth.
Future trends to watch for include:
- Predicted steady increase in exports, reaching $3.8757 million by 2028.
- A forecasted CAGR of 1.86% for the next five years, indicating moderate growth.
- Potential market fluctuations due to global economic conditions and trade policies.
