Singapore - Leather - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLeather Price in Singapore - 2022
Contents:
- Leather Price in Singapore (FOB) - 2022
- Leather Price in Singapore (CIF) - 2022
- Leather Exports in Singapore
- Leather Imports in Singapore
Leather Price in Singapore (FOB) - 2022
The average leather export price stood at $70 per square meter in 2021, growing by 35% against the previous year. Over the period under review, the export price showed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($589 per square meter), while the average price for exports to Malaysia ($11 per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Leather Price in Singapore (CIF) - 2022
In 2021, the average leather import price amounted to $12 per square meter, growing by 3.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. The import price peaked at $14 per square meter in 2016; however, from 2017 to 2021, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($333 per square meter), while the price for India ($9.5 per square meter) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Leather Exports in Singapore
In 2022, approx. 1.6M square meters of leather were exported from Singapore; picking up by 37% on 2021 figures. Overall, exports, however, saw a abrupt descent. The exports peaked at 1.9M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, leather exports reached $92M in 2022. In general, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Leather in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| France | 16.5 | 29.0 | 44.1 | 63.5% | |
| Italy | 3.8 | 9.8 | 15.9 | 104.6% | |
| China | 3.6 | 4.2 | 8.1 | 50.0% | |
| Mexico | 0.6 | 1.2 | 2.0 | 82.6% | |
| South Korea | 1.0 | 1.6 | 1.9 | 37.8% | |
| Vietnam | 0.8 | 1.5 | 1.1 | 17.3% | |
| Hong Kong SAR | 3.6 | 2.3 | 1.1 | -44.7% | |
| Indonesia | 0.1 | 0.1 | 0.8 | 182.8% | |
| Malaysia | 0.2 | 0.7 | 0.8 | 100.0% | |
| Thailand | 0.8 | 0.4 | 0.4 | -29.3% | |
| India | 0.3 | 0.1 | N/A | -66.7% | |
| Others | 55.7 | 3.3 | 4.9 | -70.3% | |
| Total | 87.2 | 54.0 | 81.1 | -3.6% | |
Top Export Markets for Leather from Singapore in 2022:
- Mexico (98.1K square meters)
- China (78.7K square meters)
- France (75.0K square meters)
- Malaysia (73.8K square meters)
- Hong Kong SAR (64.4K square meters)
- Italy (57.4K square meters)
- Vietnam (32.8K square meters)
- Indonesia (30.1K square meters)
- South Korea (23.0K square meters)
- Thailand (6.7K square meters)
- India (1.2K square meters)
Leather Imports in Singapore
In 2022, purchases abroad of leather decreased by -66.4% to 1M square meters for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Over the period under review, imports reached the maximum at 3.1M square meters in 2021, and then contracted sharply in the following year.
In value terms, leather imports fell significantly to $21M in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. Imports peaked at $37M in 2021, and then contracted significantly in the following year.
| Import of Leather in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 1.0 | 0.6 | 17.7 | 320.7% | |
| Indonesia | 5.1 | 2.3 | 5.0 | -1.0% | |
| France | 0.3 | 1.7 | 4.6 | 291.6% | |
| Italy | 5.6 | 4.4 | 2.5 | -33.2% | |
| Malaysia | 0.1 | 0.3 | 0.9 | 200.0% | |
| India | 0.7 | 0.6 | 0.2 | -46.5% | |
| China | 0.9 | 1.7 | 0.2 | -52.9% | |
| Thailand | 1.0 | 0.3 | 0.2 | -55.3% | |
| Dominican Republic | N/A | N/A | N/A | 0% | |
| Others | 1.9 | 14.4 | 5.8 | 74.7% | |
| Total | 16.6 | 26.3 | 37.0 | 49.3% | |
Top Suppliers of Leather to Singapore in 2022:
- United States (519.1K square meters)
- Italy (98.2K square meters)
- Indonesia (43.1K square meters)
- Malaysia (42.4K square meters)
- India (21.4K square meters)
- France (14.0K square meters)
- China (9.9K square meters)
- Thailand (9.7K square meters)
This report provides an in-depth analysis of the leather market in Singapore. 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 15113100 - Leather, of bovine animals, without hair, whole
- Prodcom 15113200 - Leather, of bovine animals, without hair, not whole
- Prodcom 15113300 - Leather, of equine animals, without hair
- Prodcom 15114130 - Sheep or lamb skin leather without wool on, tanned but not further prepared (excluding chamois leather)
- Prodcom 15114150 - Sheep or lamb skin leather without wool on, parchmentdressed or prepared after tanning (excluding chamois, patent, p atent laminated leather and metallised leather)
- Prodcom 15114230 - Goat or kid skin leather without hair on, tanned or pre-tanned but not further prepared (excluding chamois leather)
- Prodcom 15114250 - Goat or kid skin leather without hair on, parchment-dressed or prepared after tanning (excluding chamois leather, patent leather, patent laminated leather and metallised leather)
- Prodcom 15114330 - Leather of swine without hair on, tanned but not further prepared
- Prodcom 15114350 - Leather of swine without hair on, parchment-dressed or prepared after tanning (excluding patent leather, patent laminated leather and metallised leather)
- Prodcom 15115100 - Leather of other animals, without hair on
- Prodcom 15112100 - Chamois leather and combination chamois leather
- Prodcom 15112200 - Patent leather, patent laminated leather and metallised leather
- Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
-
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
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This report provides an in-depth analysis of the leather market in Singapore.
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This report provides an in-depth analysis of the global leather market.
1039
This report provides an in-depth analysis of the leather market in Singapore.
6479
This report provides an in-depth analysis of the global leather market.
817
In value terms, leather and composition leather articles imports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value decreased at an average ann...
863
In value terms, leather and composition leather articles exports amounted to $X in 2016. Overall, it indicated a pronounced expansion from 2007 to 2016: the total exports value decreased at an aver...
7482
In 2016, approx. X tons of leather were imported worldwide- stabilizing at the previous year level. In general, leather imports continue to indicate a measured shrinkage. The pace of growth appear...
906
In 2016, approx. X tons of leather were imported worldwide- stabilizing at the previous year level. In general, leather imports continue to indicate a measured shrinkage. The pace of growth appear...
2585
Global leather market volume fluctuated mildly, overall indicating slightly upward trend over the last five years.
817
In value terms, leather and composition leather articles imports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total imports value decreased at an average ann...
863
In value terms, leather and composition leather articles exports amounted to $X in 2016. Overall, it indicated a pronounced expansion from 2007 to 2016: the total exports value decreased at an aver...
7482
In 2016, approx. X tons of leather were imported worldwide- stabilizing at the previous year level. In general, leather imports continue to indicate a measured shrinkage. The pace of growth appear...
906
In 2016, approx. X tons of leather were imported worldwide- stabilizing at the previous year level. In general, leather imports continue to indicate a measured shrinkage. The pace of growth appear...
2585
Global leather market volume fluctuated mildly, overall indicating slightly upward trend over the last five years.
