Luxury Leather Goods - Equatorial Guinea

• in Equatorial Guinea, a country known for its rich culture and natural resources, is no stranger to the luxury leather goods market.
• In 2024, the revenue in this segment amounts to US$5.01m.
• Looking ahead, the market is projected to experience an annual growth rate of 4.70% (CAGR 2024-2028).
• When comparing global figures, it is worth noting that in the United States leads the way in terms of revenue generation, with a staggering US$19,400m in 2024.
• This demonstrates the significant market dominance of the United States in the luxury leather goods industry.
• To put things into perspective, Equatorial Guinea's per person revenues in this sector reach US$2.85 in 2024.
• This indicates the level of luxury leather goods expenditure on an individual basis in the country.
• It is evident that the market presents both challenges and opportunities for Equatorial Guinea, as it seeks to establish a stronger presence in the luxury leather goods segment.
• Equatorial Guinea's growing upper class is fueling a surge in demand for luxury leather goods.

Key regions: Italy, China, South Korea, United States, France