United Kingdom: Leather Apparel Market 2024

Leather Apparel Market Size in the UK

In 2022, the UK leather apparel market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Leather Apparel Production in the UK

In value terms, leather apparel production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Leather Apparel Exports

Exports from the UK

In 2022, overseas shipments of apparel of leather or of composition leather decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather apparel exports fell sharply to $X in 2022. Overall, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and France (X units) were the main destinations of leather apparel exports from the UK, together comprising X% of total exports. Italy, Poland, the Netherlands, Japan, Ireland, Canada, South Korea, Australia, the United Arab Emirates and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), France ($X) and Italy ($X) appeared to be the largest markets for leather apparel exported from the UK worldwide, with a combined X% share of total exports. Japan, Germany, the Netherlands, South Korea, Canada, the United Arab Emirates, Ireland, Australia, China and Poland lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average leather apparel export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Apparel Imports

Imports into the UK

In 2022, the amount of apparel of leather or of composition leather imported into the UK contracted modestly to X units, shrinking by X% compared with the previous year's figure. Over the period under review, imports saw a pronounced contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, leather apparel imports rose modestly to $X in 2022. In general, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Pakistan (X units), India (X units) and China (X units) were the main suppliers of leather apparel imports to the UK, with a combined X% share of total imports. Italy, Turkey, France, Vietnam and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Italy ($X) and Pakistan ($X) constituted the largest leather apparel suppliers to the UK, with a combined X% share of total imports. Turkey, France, China, Germany and Vietnam lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average leather apparel import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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