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U.S. Leather And Hide Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Leather And Hide Market. Analysis And Forecast to 2030

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Jul 9, 2023

Leather and Hide Export in United States Grows Notably to $62M in May 2023

U.S. Leather And Hide Exports

In May 2023, overseas shipments of leather and hide decreased by -12.6% to 11M units for the first time since February 2023, thus ending a two-month rising trend. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 with an increase of 26% m-o-m. As a result, the exports reached the peak of 14M units. From August 2022 to May 2023, the growth of the exports remained at a lower figure.

In value terms, leather and hide exports rose slightly to $62M (IndexBox estimates) in May 2023. In general, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in January 2023 with an increase of 28% m-o-m. Over the period under review, the exports reached the peak figure at 75M units in May 2022; however, from June 2022 to May 2023, the exports remained at a lower figure.

COUNTRYExport Value of Leather And Hide in U.S. (million USD)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Mexico15.816.424.218.315.516.515.512.815.912.617.823.515.7
Vietnam19.19.89.010.310.412.36.96.06.54.610.57.312.8
China10.69.89.910.29.011.411.08.36.34.15.47.88.4
Italy12.213.06.613.17.08.312.78.217.211.57.98.87.3
Austria0.20.20.20.40.20.10.20.20.30.30.20.23.9
Canada2.72.71.72.52.41.92.52.22.72.12.02.42.2
Hong Kong0.60.40.30.30.20.30.20.30.20.2< 0.10.31.0
Hungary1.40.90.20.70.3< 0.1N/A0.20.10.20.30.70.8
United Kingdom0.90.80.60.60.81.10.60.40.40.70.70.50.7
Dominican Republic1.31.30.80.50.50.70.70.90.80.90.80.60.7
Portugal0.40.80.40.50.80.2< 0.1N/A< 0.10.2< 0.10.20.6
Costa Rica0.30.40.30.60.40.60.30.40.50.40.60.60.5
Poland0.5< 0.10.70.20.30.1< 0.1< 0.10.40.2< 0.10.50.4
Others9.07.96.98.98.712.07.55.06.25.67.05.87.2
Total75.064.461.867.056.665.858.044.857.543.453.459.162.0

Exports by Country

Mexico (4.2M units) was the main destination for leather and hide exports from the United States, with a 37% share of total exports. Moreover, leather and hide exports to Mexico exceeded the volume sent to the second major destination, Austria (1.7M units), twofold. The third position in this ranking was taken by Canada (861K units), with a 7.7% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of volume to Mexico amounted to -3.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Austria (+28.8% per month) and Canada (-1.6% per month).

In value terms, Mexico ($16M), Vietnam ($13M) and China ($8.4M) constituted the largest markets for leather and hide exported from the United States worldwide, together accounting for 60% of total exports. Italy, Austria, Canada, Hong Kong, Hungary, the UK, the Dominican Republic, Portugal, Costa Rica and Poland lagged somewhat behind, together accounting for a further 29%.

Austria, with a CAGR of +28.8%, recorded the highest rates of growth with regard to the value of exports, among 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

In May 2023, the leather and hide price amounted to $5.5 per unit (FOB, US), picking up by 20% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 26% m-o-m. Over the period under review, the average export prices reached the maximum at $6.2 per unit in May 2022; however, from June 2022 to May 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($19.7 per unit), while the average price for exports to Hungary ($2.4 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the leather and hide market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • NAICS 316110 - Leather and hide tanning and finishing

Companies mentioned:

  • Eagle Ottawa
  • Andrew Alexander Inc
  • Gst Autoleather
  • McAdoo & Allen
  • Oklahoma Leather Products
  • Everett Smith Group
  • Horween Leather Company
  • Wickett & Craig of America
  • Pearl Leather Finishers
  • Edsim Leather Co.
  • National Beef Leathers
  • Action
  • Hermann Oak Leather Company
  • Seidel Tanning Corporation
  • Afx Industries
  • Tasman Industries
  • Hawtan Leathers
  • S.B.foot Tanning Company
  • Twin City Hide
  • Texpac Hide & Skin
  • Twin City Tanning Company
  • Trebbianno
  • D. R. Diedrich & Co.
  • Albert Trostel & Sons Company
  • The Myers Group
  • Branco Leather
  • Pearl Meadow Stables
  • Lombardo
  • Pearl Leather Group
  • Gutmann & Day Leather Co.
  • Smith Greentech Tannery

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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