In 2023, Turkey's leather goods and related products exports to India stood at $41.25 million. The forecasted data indicates a steady increase in exports from 2024 to 2028, with figures rising from $43.493 million in 2024 to $52.597 million in 2028. The year-on-year variation shows a consistent growth, with increases of approximately 5.4% for both 2024 and 2025, 5% for 2026, 4.6% for 2027, and 4.4% for 2028. Over a broader period, the Compound Annual Growth Rate (CAGR) for the 5-year span from 2024 to 2028 is projected to be around 4.9%.
Future trends to watch for include shifts in consumer preferences towards sustainable and ethical products, potential trade policy changes between Turkey and India, and the impact of economic conditions on discretionary spending in India. Monitoring these factors will be crucial in anticipating market dynamics and adjusting strategies accordingly.
