In 2023, Turkey's export of leather goods and related products to the US stood at 26.450 million USD. The forecasted data indicates a steady growth over the next five years, reaching 29.829 million USD by 2028.
The year-on-year variations show a consistent positive trend:
- 2025: 2.59% increase
- 2026: 2.48% increase
- 2027: 2.36% increase
- 2028: 2.26% increase
The compound annual growth rate (CAGR) over this period is approximately 2.41%.
Future trends to watch include potential fluctuations in global demand for leather goods, trade policies between Turkey and the US, and innovations within the leather industry, which could impact export volumes and values. Efforts towards sustainability and ethical production practices may also play a critical role in shaping the market dynamics.
