India - Apparel Of Leather Or Of Composition Leather - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

India - Apparel Of Leather Or Of Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Leather Apparel Price in India - 2023

Contents:

  1. Leather Apparel Price in India (FOB) - 2023
  2. Leather Apparel Price in India (CIF) - 2022
  3. Leather Apparel Exports in India
  4. Leather Apparel Imports in India

Leather Apparel Price in India (FOB) - 2023

In October 2023, the average leather apparel export price amounted to $64.6 per unit, increasing by 3% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 15% m-o-m. As a result, the export price attained the peak level of $71.6 per unit. From June 2023 to October 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($94.7 per unit), while the average price for exports to Chile ($10.0 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Apparel Price in India (CIF) - 2022

In 2022, the average leather apparel import price amounted to $91 per unit, jumping by 16% against the previous year. In general, the import price posted buoyant growth. The growth pace was the most rapid in 2017 when the average import price increased by 69% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($213 per unit), while the price for China ($34 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Leather Apparel Exports in India

In 2022, approx. 5.7M units of apparel of leather or of composition leather were exported from India; growing by 15% on 2021. Overall, exports, however, showed a abrupt curtailment. The exports peaked at 6.7M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, leather apparel exports reached $361M in 2022. In general, exports, however, saw a deep slump. The exports peaked at $437M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Leather Apparel in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States59.943.255.976.78.6%
Germany57.646.037.945.7-7.4%
Spain73.444.047.245.1-15.0%
Italy42.935.433.838.0-4.0%
France45.536.533.832.1-11.0%
United Kingdom32.829.125.928.1-5.0%
Denmark20.223.020.815.6-8.3%
Netherlands10.08.610.09.6-1.4%
Russia15.89.712.68.3-19.3%
Chile5.33.25.07.512.3%
Canada7.13.55.07.30.9%
Australia5.14.06.67.212.2%
Others61.534.334.540.2-13.2%
Total437321329361-6.2%

Top Export Markets for Leather Apparel from India in 2022:

  1. United States (878.2K units)
  2. Germany (806.7K units)
  3. Spain (719.7K units)
  4. Chile (590.2K units)
  5. Italy (510.5K units)
  6. France (448.5K units)
  7. United Kingdom (427.3K units)
  8. Denmark (201.9K units)
  9. Russia (171.9K units)
  10. Netherlands (122.0K units)
  11. Canada (108.4K units)
  12. Australia (92.2K units)

Leather Apparel Imports in India

In 2022, the amount of apparel of leather or of composition leather imported into India declined rapidly to 13K units, shrinking by -51.5% against the previous year. In general, imports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.4%. Imports peaked at 37K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, leather apparel imports reduced remarkably to $1.2M in 2022. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 5.1% against the previous year. Over the period under review, imports reached the maximum at $2.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Leather Apparel in India (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain606227498236-27.0%
Italy1681262901863.5%
Singapore50.158.879.214442.2%
France191380230120-14.4%
Switzerland72.211673.193.59.0%
Germany29495.194.774.1-36.8%
United Arab Emirates51.81.514.770.410.8%
United States56.85043.540.9-10.4%
United Kingdom56.730.454.939.7-11.2%
China32512813639.5-50.5%
Malaysia2.812.66.137.5137.5%
BangladeshN/AN/A27.719.7-28.9%
Denmark57.975.710.317.1-33.4%
Others364314658104-34.1%
Total2,2962,0692,1751,222-19.0%

Top Suppliers of Leather Apparel to India in 2022:

  1. Spain (1949.0 units)
  2. United Arab Emirates (1486.0 units)
  3. Singapore (1294.0 units)
  4. Italy (1234.0 units)
  5. China (1165.0 units)
  6. Malaysia (930.0 units)
  7. Switzerland (783.0 units)
  8. United Kingdom (780.0 units)
  9. Germany (648.0 units)
  10. France (645.0 units)
  11. Denmark (447.0 units)
  12. Bangladesh (381.0 units)
  13. United States (311.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the leather apparel market in India. 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 14111000 - Articles of apparel of leather or of composition leather (including coats and overcoats) (excluding clothing accessories, headgear, footwear)

Country coverage:

  • India

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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