U.S. Leather And Hide Market - Italy Became the Largest Export Market for the U.S., Leaving China Behind

IndexBox has just published a new report: 'U.S. Leather And Hide Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

The revenue of the leather and hide market in the U.S. amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, leather and hide consumption continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. Consumption peaked at $X in 2013; however, from 2014 to 2018, demand remained at a lower figure.

Leather And Hide Production in the U.S.

In value terms, leather and hide production stood at $X in 2018. Overall, production continues to indicate a drastic drop.

Exports from the U.S.

Leather and hide exports from the U.S. amounted to X tonnes in 2018, approximately reflecting the previous year. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. In that year, leather and hide exports reached their peak of X tonnes. From 2015 to 2018, the growth of exports failed to regain its momentum.

In value terms, leather and hide exports amounted to $X (IndexBox estimates) in 2018. Over the period under review, leather and hide exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. In that year, leather and hide exports reached their peak of $X. From 2015 to 2018, the growth failed to regain its momentum.

Exports by Country

Italy (X tonnes), China (X tonnes) and Viet Nam (X tonnes) were the main destinations of leather and hide exports from the U.S., with a combined X% share of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Viet Nam, while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Viet Nam ($X) appeared to be the largest markets for leather and hide exported from the U.S., with a combined X% share of total exports.

Viet Nam recorded the highest growth rate of exports, in terms of the main countries of destination over the last five years, while the other leaders experienced a decline.

Export Prices by Country

In 2018, the average leather and hide export price amounted to $X per tonne, lowering by -X% against the previous year. Over the period under review, the leather and hide export price continues to indicate an abrupt drop. The growth pace was the most rapid in 2014 an increase of X% y-o-y. In that year, the average export prices for leather and hide attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for leather and hide failed to regain its momentum.

Average prices varied noticeably for the major foreign markets. In 2018, the highest prices were recorded for prices to Thailand ($X per tonne) and Viet Nam ($X per tonne), while the average price for exports to Taiwan, Chinese ($X per tonne) and Italy ($X per tonne) were amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan, Chinese, while the prices for the other major destinations experienced a decline.

Imports into the U.S.

In 2018, the leather and hide imports into the U.S. stood at X tonnes, surging by X% against the previous year. Overall, the total imports indicated buoyant growth from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, leather and hide imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, leather and hide imports stood at $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, Brazil (X tonnes) constituted the largest supplier of leather and hide to the U.S., accounting for a X% share of total imports. Moreover, leather and hide imports from Brazil exceeded the figures recorded by the second-largest supplier, Uruguay (X tonnes), threefold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of volume from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+X% per year) and Italy (+X% per year).

In value terms, Brazil ($X) constituted the largest supplier of leather and hide to the U.S., comprising X% of total leather and hide imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

From 2013 to 2018, the average annual growth rate of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Uruguay (+X% per year).

Import Prices by Country

In 2018, the average leather and hide import price amounted to $X per kg, falling by -X% against the previous year. In general, the leather and hide import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of X% year-to-year. In that year, the average import prices for leather and hide reached their peak level of $X per kg. From 2015 to 2018, the growth in terms of the average import prices for leather and hide remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per kg), while the price for Argentina ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Companies Mentioned in the Report

Eagle Ottawa, Andrew Alexander Inc, Gst Autoleather, McAdoo & Allen, Oklahoma Leather Products, Everett Smith Group, Horween Leather Company, Wickett & Craig of America, Pearl Leather Finishers, Edsim Leather Co., National Beef Leathers, Action, Hermann Oak Leather Company, Seidel Tanning Corporation, Afx Industries, Tasman Industries, Hawtan Leathers, S.B.foot Tanning Company, Twin City Hide, Texpac Hide & Skin, Twin City Tanning Company, Trebbianno, D. R. Diedrich & Co., Albert Trostel & Sons Company, The Myers Group, Branco Leather, Pearl Meadow Stables, Lombardo, Pearl Leather Group, Gutmann & Day Leather Co., Smith Greentech Tannery

Source: IndexBox Platform