The leather trunks and cases market in Uganda reached a value of 72.93 million USD in 2023. Over recent years, the market showed notable fluctuations, with a significant drop of 14.51% in 2020, followed by a robust recovery of 23.92% in 2021. Consistent growth continued with moderate year-on-year increases of 2.72% in 2022 and 2.59% in 2023. The compound annual growth rate (CAGR) over the past five years stands at 2.9%, indicating steady yet modest expansion.
Future trends to watch:
- Market innovation in sustainable and eco-friendly leather alternatives could drive growth.
- Increased domestic and international demand for Ugandan leather goods.
- Government policies and trade agreements may impact market dynamics considerably.
| # | 38 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 30,815,000,000 | 2023 | +0.3% | +1.08% | View data |
| 2 | 2 France | 20,285,000,000 | 2023 | +0.94% | +0.54% | View data |
| 3 | 3 United Kingdom | 13,375,000,000 | 2023 | +1.18% | +0.85% | View data |
| 4 | 4 Germany | 12,267,000,000 | 2023 | +1.38% | +1.48% | View data |
| 5 | 5 South Korea | 10,639,000,000 | 2023 | +4.74% | +6.49% | View data |
| 29 | 29 Jordan | 99,102,000 | 2023 | +2.72% | +4.05% | View data |
| 30 | 30 El Salvador | 83,975,000 | 2023 | +2.04% | +2.87% | View data |
| 31 | 31 Uganda | 72,930,000 | 2023 | +2.59% | +2.9% | |
| 32 | 32 Honduras | 63,919,000 | 2023 | +3.17% | +3.61% | View data |
| 33 | 33 Iceland | 43,045,000 | 2023 | +3.08% | +1.86% | View data |
