At a chic fashion event in Lagos, designer Amina showcased her latest collection of leather bags, each piece telling a story of Nigerian craftsmanship and cultural heritage.
The audience, captivated by the intricate designs and high-quality finishes, represented a growing appreciation for locally made leather products. Amina’s success story is a testament to the burgeoning leather bag industry in Nigeria.
Market Overview
The market for leather bags in Nigeria has witnessed robust growth, fueled by a fashion-conscious population and rising disposable incomes. In 2023, the Nigerian bag market was estimated to be worth $500 million, with leather bags constituting about 35 per cent of this value. This segment’s growth is indicative of a broader trend towards locally sourced and produced fashion items.
Opportunities
Fashion Industry Growth: The dynamic Nigerian fashion industry offers a ready market for locally produced leather bags. Fashion shows, pop-up markets, and online retail platforms have increased visibility for Nigerian brands.
