Report Update: Apr 1, 2024

Thailand - Composition Leather - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Composition Leather Price in Thailand - 2023

Composition Leather Price in Thailand (CIF) - 2022

The average composition leather import price stood at $4 per square meter in 2022, with an increase of 61% against the previous year. Overall, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by 63% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($12 per square meter), while the price for China ($1.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Composition Leather Price in Thailand (FOB) - 2022

The average composition leather export price stood at $4.2 per square meter in 2022, dropping by -24.3% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 79% against the previous year. The export price peaked at $9.6 per square meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($13 per square meter), while the average price for exports to Nepal ($0.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Composition Leather Imports in Thailand

In 2022, composition leather imports into Thailand contracted remarkably to 497K square meters, with a decrease of -30.5% against the previous year. In general, imports saw a sharp downturn. Imports peaked at 1.6M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, composition leather imports stood at $2M in 2022. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at $2.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Composition Leather in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	420	161	320	872	27.6%
Germany	542	480	391	383	-10.9%
China	1,126	521	621	321	-34.2%
Brazil	60.3	39.3	68.5	121	26.1%
Spain	134	87.5	85.8	85.7	-13.8%
United States	33.3	24.9	31.9	10.8	-31.3%
Others	381	258	241	175	-22.8%
Total	2,697	1,571	1,759	1,969	-10.0%

Top Suppliers of Composition Leather to Thailand in 2022:

China (305.6K square meters)
South Korea (72.1K square meters)
Germany (48.2K square meters)
Brazil (31.6K square meters)
United States (10.2K square meters)
Spain (8.3K square meters)

Composition Leather Exports in Thailand

In 2022, approx. 12K square meters of composition leather were exported from Thailand; growing by 20% on the previous year. Over the period under review, exports, however, continue to indicate a dramatic downturn. Over the period under review, the exports hit record highs at 62K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, composition leather exports contracted to $48K in 2022. Overall, exports, however, saw a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 13%. The exports peaked at $198K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Composition Leather in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	N/A	6.3	7.0	9.1	20.2%
Maldives	0.1	1.3	10.9	8.2	334.4%
United Arab Emirates	N/A	N/A	1.0	6.7	570.0%
Malaysia	0.1	N/A	N/A	5.9	289.3%
Switzerland	N/A	N/A	N/A	5.0	0%
China	3.6	16.5	0.2	3.3	-2.9%
Nepal	N/A	N/A	N/A	1.0	0%
Myanmar	181	4.8	1.3	N/A	-91.5%
Lao People's Democratic Republic	6.1	11.5	6.9	N/A	6.4%
Others	7.1	6.7	25.8	9.2	9.0%
Total	198	47.1	53.1	48.4	-37.5%

Top Export Markets for Composition Leather from Thailand in 2022:

Maldives (3.4K square meters)
United Arab Emirates (3.0K square meters)
Nepal (1.3K square meters)
Malaysia (1.0K square meters)
South Korea (1.0K square meters)
China (0.7K square meters)
Switzerland (0.4K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the composition leather market in Thailand. 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:

Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023