Asia: Leather Apparel Market 2024

Leather Apparel Market Size in Asia

The Asian leather apparel market dropped to $X in 2022, falling by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Leather Apparel Production in Asia

In value terms, leather apparel production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Leather Apparel Exports

Exports in Asia

In 2022, shipments abroad of apparel of leather or of composition leather increased by X% to X units, rising for the second consecutive year after eight years of decline. In general, exports, however, saw a pronounced descent. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, leather apparel exports expanded significantly to $X in 2022. Overall, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by India (X units), Pakistan (X units) and Turkey (X units), together making up a X% share of total exports. Indonesia (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Pakistan ($X) and China ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Turkey, Vietnam and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price showed a perceptible downturn. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Leather Apparel Imports

Imports in Asia

In 2022, overseas purchases of apparel of leather or of composition leather increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, leather apparel imports totaled $X in 2022. Overall, imports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of apparel of leather or of composition leather, namely South Korea, Kyrgyzstan and Japan, represented more than half of total import. It was distantly followed by China (X units), Hong Kong SAR (X units), the United Arab Emirates (X units) and Singapore (X units), together constituting a X% share of total imports. Indonesia (X units), Iraq (X units), Kuwait (X units), Azerbaijan (X units), Taiwan (Chinese) (X units) and Turkey (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest leather apparel importing markets in Asia were China ($X), South Korea ($X) and Japan ($X), together accounting for X% of total imports. Hong Kong SAR, the United Arab Emirates, Singapore, Taiwan (Chinese), Kyrgyzstan, Turkey, Kuwait, Azerbaijan, Indonesia and Iraq lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Azerbaijan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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