Northern America: Artificial Fur Market 2023

Artificial Fur Market Size in Northern America

The North American artificial fur market soared to $X in 2021, with an increase of 18% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Artificial Fur Production in Northern America

In value terms, artificial fur production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 32%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Artificial Fur Exports

Exports in Northern America

In 2021, approx. X tons of artificial fur were exported in Northern America; surging by 70% compared with the year before. In general, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, artificial fur exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 77% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, accounting for X tons, which was approx. 98% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of artificial fur. Canada (-3.3%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest artificial fur supplier in Northern America, comprising 92% of total exports. The second position in the ranking was held by Canada ($X), with a 7.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -6.4%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, dropping by -14.4% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 44% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+8.4%).

Artificial Fur Imports

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of artificial fur, when their volume increased by 36% to X tons. Over the period under review, imports, however, showed a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 92% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, artificial fur imports surged to $X in 2021. In general, imports, however, recorded a abrupt decline. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) represented the key importer of artificial fur, creating 87% of total imports. It was distantly followed by Canada (X tons), making up a 13% share of total imports.

The United States was also the fastest-growing in terms of the artificial fur imports, with a CAGR of -4.6% from 2012 to 2021. Canada (-4.8%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported artificial fur in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -5.7%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 21% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 28%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.2%).

Source: IndexBox Market Intelligence Platform

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