South-Eastern Asia: Leather Apparel Market 2024

Leather Apparel Market Size in South-Eastern Asia

The Southeast Asian leather apparel market dropped modestly to $X in 2022, falling by X% against the previous year. Overall, consumption saw a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Leather Apparel Production in South-Eastern Asia

In value terms, leather apparel production rose modestly to $X in 2022 estimated in export price. In general, production saw a noticeable setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Leather Apparel Exports

Exports in South-Eastern Asia

In 2022, approx. X units of apparel of leather or of composition leather were exported in South-Eastern Asia; leveling off at the year before. In general, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, leather apparel exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Indonesia (X units) was the major exporter of apparel of leather or of composition leather, committing X% of total exports. Vietnam (X units) held the second position in the ranking, distantly followed by Singapore (X units) and the Philippines (X units). All these countries together held near X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest leather apparel supplying countries in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Singapore ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($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 a decline in the export price figures.

Leather Apparel Imports

Imports in South-Eastern Asia

In 2022, the amount of apparel of leather or of composition leather imported in South-Eastern Asia shrank notably to X units, waning by X% compared with the year before. Over the period under review, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, leather apparel imports soared to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Singapore (X units) and Indonesia (X units) prevails in imports structure, together achieving X% of total imports. It was distantly followed by Malaysia (X units), generating a X% share of total imports. The Philippines (X units), Vietnam (X units) and Myanmar (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported apparel of leather or of composition leather in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Singapore, leather apparel imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2012; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :