Global Leather Market to Stand at $43B
Clothing September 22, 2017
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Global leather market volume fluctuated mildly,
overall indicating slightly upward trend over the last five years. According to
market research conducted by IndexBox, in 2015, the global leather market volume increased
by X% to X million tonnes.
Leather is one whe most widely used raw materials
for a wide range of consumer goods – footwear, clothes, sacks and bags,
accessories, automotive industry etc. Despite a slowdown in global economy
growth, the demand for leather from downstream industries, however, is expected
to remain positive, supported by broad product use and rising disposable
incomes, particularly, in China and other Asian countries. On the other hand,
the market growth pace should be restrained by the supply side, as cattle and
other animals livestock, at the global scale, is to expand only at a very
moderate pace. Therefore, the performance of the market is forecast to continue
its current trend pattern, expanding at an anticipated CAGR of +X% for the
nine-year period from 2015 to X. This period is expected to drive the market
volume to X million tonnes by the end of X.
China (X million tonnes) remains the key leather
consuming country, with the U.S. (X thousand tonnes), Italy (X thousand
tonnes), Brazil (X thousand tonnes), India (X thousand tonnes), Russia (X
thousand tonnes), and South Korea (X thousand tonnes) lagging far behind. All
these countries with the highest consumption together accounted for almost X%
of global leather consumprion. In terms of the key consumer countries in 2015,
Italy (X kg/year) and South Korea (X kg/year) registered a per capita
consumption figure higher than the global average of X kg per year.
Presently, global trade of leather accounts for a X% share of total production in 2015, and it will continue to be a highly traded commodity. The main driver of the international trade is the growth in consumption by the leather industry in Southeast Asia. China (X%) was the main consumer of leather imports in the world. It was followed by Italy, with a X% share of global imports. Italy and China showed negative dynamics of imports throughout the analyzed period: -X% and -X%, respectively. Therefore, China (-X percentage points) and Italy (-X percentage points) saw their shares reduced from 2007 to 2015.
In value terms, global exports of leather seesawed throughout the analyzed period, amounting to X billion USD in 2015. In volume terms, global exports of leather stood at X million tonnes in 2015, which was X% less than the year before. Brazil (X%), Italy (X%), the U.S. (X%) and China (X%) were the main global suppliers, with a share of X% of global leather exports. From 2007 to 2015, the shares of Brazil (+X percentage points) and China (+X percentage points) increased significantly, while the shares of Italy (-X percentage points) and China (-X percentage points) illustrated negative dynamics.
Do you want to know more about global leather market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- leather market share
- leather prices
- leather industry
- leather sales
- leather market forecast
- leather price forecast
- key leather producers
Source: World: Leather - Market Report. Analysis and Forecast
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