U.S. Leather And Hide Market. Analysis And Forecast to 2030
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View PricingLeather and Hide Price in America Plummets 18%, Averaging $5.1 per Unit
U.S. Leather And Hide Export Price in December 2022
In December 2022, the leather and hide price stood at $5.1 per unit (FOB, US), reducing by -17.8% against the previous month. Overall, the export price continues to indicate a slight setback. The pace of growth was the most pronounced in August 2022 when the average export price increased by 32% against the previous month. Over the period under review, the average export prices hit record highs at $6.4 per unit in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Vietnam ($18.2 per unit), while the average price for exports to the UK ($2.4 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Leather And Hide Exports
In December 2022, approximately 8.9M units of leather and hide were exported from the United States; with a decrease of -4.9% against the month before. Overall, exports continue to indicate a slight slump. The most prominent rate of growth was recorded in July 2022 when exports increased by 26% against the previous month. As a result, the exports attained the peak of 14M units. From August 2022 to December 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, leather and hide exports dropped remarkably to $45M (IndexBox estimates) in December 2022. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in May 2022 with an increase of 19% month-to-month. As a result, the exports reached the peak of $76M. From June 2022 to December 2022, the growth of the exports remained at a lower figure.
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U.S. Leather And Hide Exports by Country
Mexico (4.7M units) was the main destination for leather and hide exports from the United States, accounting for a 53% share of total exports. Moreover, leather and hide exports to Mexico exceeded the volume sent to the second major destination, Canada (907K units), fivefold. China (709K units) ranked third in terms of total exports with a 7.9% share.
From January 2022 to December 2022, the average monthly growth rate of volume to Mexico stood at -2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (+2.1% per month) and China (-0.8% per month).
In value terms, the largest markets for leather and hide exported from the United States were Mexico ($13M), Italy ($8.9M) and China ($8.3M), with a combined 66% share of total exports. These countries were followed by Vietnam, Canada, Thailand, the Dominican Republic, France, Costa Rica, the UK and Hungary, which together accounted for a further 27%.
In terms of the main countries of destination, France, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Leather And Hide Industry
Today, the U.S. is home to some of the most technologically advanced tanneries in the world, producing a wide variety of high-quality leather products.
There are several factors that have contributed to the success of the U.S. leather and hide market. First, the country has an abundant supply of raw materials, including cattle hides and skins from other animals such as sheep, goats, and pigs. Second, there is a large and well-developed infrastructure for processing and manufacturing leather goods. And finally, there is strong demand from both domestic and international customers for American-made leather products.
The future looks bright for the U.S. leather and hide market. Increasing consumer spending on luxury items (including handbags, shoes, and clothing) is expected to drive growth in demand for high-end leather goods. Additionally, new technologies are being developed that could help reduce environmental impact and improve efficiency in the tanning process – making it even easier for companies to produce quality leather products at competitive prices.
This report provides an in-depth analysis of the leather and hide market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 316110 - Leather and hide tanning and finishing
Companies mentioned:
- 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
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
