U.S.: Artificial Fur Market 2024

Artificial Fur Market Size in the U.S.

The U.S. artificial fur market declined dramatically to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a sharp downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Artificial Fur Exports

Exports from the U.S.

In 2022, the amount of artificial fur exported from the United States soared to X tons, jumping by X% against the year before. Overall, exports saw a mild expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, artificial fur exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a mild descent. The growth pace was the most rapid in 2018 with an increase of 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 stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for artificial fur exports from the United States, accounting for a X% share of total exports. Moreover, artificial fur exports to South Korea exceeded the volume sent to the second major destination, Canada (X tons), threefold. Costa Rica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Costa Rica (X% per year).

In value terms, South Korea ($X) emerged as the key foreign market for artificial fur exports from the United States, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Costa Rica, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Costa Rica (X% per year).

Export Prices by Country

The average artificial fur export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Artificial Fur Imports

Imports into the U.S.

In 2022, the amount of artificial fur imported into the United States reduced dramatically to X tons, which is down by X% on 2021 figures. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, artificial fur imports rose slightly to $X in 2022. In general, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of artificial fur to the United States, with a X% share of total imports. Moreover, artificial fur imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), eightfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of artificial fur to the United States, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Turkey (X% per year).

Import Prices by Country

The average artificial fur import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price 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, artificial fur import price increased by X% against 2020 indices. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform