U.S. All other leather good and allied product Market. Analysis And Forecast to 2030
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View PricingPrice for All Other Leather Good and Allied Product in the United States - 2023
Contents:
- Price for All Other Leather Good and Allied Product in the United States (CIF) - 2023
- Price for All Other Leather Good and Allied Product in the United States (FOB) - 2023
- Imports of All Other Leather Good and Allied Product in the United States
- Exports of All Other Leather Good and Allied Product in the United States
Price for All Other Leather Good and Allied Product in the United States (CIF) - 2023
The average import price for all other leather good and allied product stood at $12,769 per ton in November 2023, rising by 4.6% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 9.5% against the previous month. The import price peaked at $14,650 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Mexico ($98,887 per ton), while the price for China ($5,743 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for All Other Leather Good and Allied Product in the United States (FOB) - 2023
The average export price for all other leather good and allied product stood at $69,184 per ton in November 2023, growing by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in September 2023 when the average export price increased by 16% month-to-month. The export price peaked in November 2023.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Canada ($116K per ton), while the average price for exports to Guatemala ($12,008 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of All Other Leather Good and Allied Product in the United States
Imports of all other leather good and allied product into the United States surged to 834K tons in 2022, with an increase of 28% compared with the previous year's figure. In general, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of all other leather good and allied product skyrocketed to $10.3B in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of All Other Leather Good and Allied Product in the United States (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,374 | 1,980 | 2,475 | 2,957 | -4.3% |
Mexico | 1,362 | 1,048 | 1,328 | 1,289 | -1.8% |
Cambodia | 526 | 542 | 761 | 1,188 | 31.2% |
Vietnam | 792 | 612 | 629 | 1,015 | 8.6% |
Indonesia | 284 | 230 | 322 | 588 | 27.5% |
India | 326 | 239 | 353 | 463 | 12.4% |
Thailand | 124 | 96.8 | 154 | 308 | 35.4% |
Myanmar | 141 | 190 | 150 | 152 | 2.5% |
Others | 1,543 | 1,479 | 2,109 | 2,351 | 15.1% |
Total | 8,473 | 6,417 | 8,280 | 10,312 | 6.8% |
Top Suppliers of All Other Leather Good and Allied Product to the United States in 2022:
- China (445.2K tons)
- Vietnam (132.8K tons)
- Cambodia (86.1K tons)
- India (33.8K tons)
- Indonesia (26.3K tons)
- Thailand (24.8K tons)
- Mexico (20.3K tons)
- Myanmar (9.7K tons)
Exports of All Other Leather Good and Allied Product in the United States
In 2022, the amount of all other leather good and allied product exported from the United States rose notably to 27K tons, with an increase of 6.2% against the previous year. In general, exports, however, saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, exports of all other leather good and allied product shrank modestly to $1.5B in 2022. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 8.1%.
Export of All Other Leather Good and Allied Product in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 492 | 389 | 444 | 508 | 1.1% |
Mexico | 501 | 385 | 423 | 238 | -22.0% |
Vietnam | 272 | 199 | 175 | 199 | -9.9% |
Indonesia | 48.8 | 44.8 | 72.2 | 70.4 | 13.0% |
China | 110 | 87.0 | 73.2 | 42.5 | -27.2% |
Netherlands | 39.8 | 26.2 | 30.3 | 38.3 | -1.3% |
Hong Kong SAR | 59.7 | 37.7 | 28.1 | 33.7 | -17.4% |
Dominican Republic | 10.0 | 9.3 | 15.4 | 15.4 | 15.5% |
Others | 399 | 292 | 328 | 367 | -2.7% |
Total | 1,931 | 1,471 | 1,589 | 1,513 | -7.8% |
Top Export Markets for All Other Leather Good and Allied Product from the United States in 2022:
- Mexico (7.5K tons)
- Vietnam (5.3K tons)
- Canada (4.1K tons)
- Indonesia (1.9K tons)
- Dominican Republic (1.9K tons)
- China (0.8K tons)
- Hong Kong SAR (0.8K tons)
- Netherlands (0.5K tons)
This report provides an in-depth analysis of the market for all other leather good and allied product 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 316998 - All other leather good and allied product manufacturing
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
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In value terms, leather and hide exports rose slightly to $62M in May 2023.
In December 2022, the leather and hide price stood at $5.1 per unit (FOB, US), reducing by -17.8% against the previous month.
Italy (56K tons), China (50K tons) and Vietnam (30K tons) were the main destinations of leather and hide exports from the U.S.
In value terms, leather and hide exports rose slightly to $62M in May 2023.
In December 2022, the leather and hide price stood at $5.1 per unit (FOB, US), reducing by -17.8% against the previous month.
Italy (56K tons), China (50K tons) and Vietnam (30K tons) were the main destinations of leather and hide exports from the U.S.