The leather manufacturing industry in South Africa plays a critical role in the country’s economy and is projected to grow at a compound annual growth rate (CAGR) of 5.8% between 2021 and 2026, according to a report by Research and Markets [1]. Here are some key economic indicators and statistics related to the leather manufacturing industry in South Africa:

1. Economic contribution: In 2019, the leather industry generated over R4.4 billion in revenue, creating direct employment for around 13,000 people and indirectly supporting many more jobs.
2. Exports: South Africa’s leather industry accounts for approximately 10% of the country’s total leather production. In 2019, leather exports were valued at over R2.2 billion, with the majority destined for countries like Italy, Germany, and Spain.
3. Imports: Although South Africa exports a significant number of leather products, it also imports considerable amounts of raw materials and finished goods. In 2019, leather imports exceeded R6 billion, with the majority coming from countries such as China, India, and Italy [2].

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Sources:

1. https://www.researchandmarkets.com/reports/4774911/leather-goods-market-growth-trends-covid-19 (Accessed 10 April 2023)
2. https://www.euromonitor.com/luxury-leather-goods-in-south-africa/report (Accessed 10 April 2023)