U.S. - Leather - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnited States Sees 4% Rise in Leather Exports, Reaching $53 Million in August 2024
U.S. Leather Exports
In August 2024, overseas shipments of leather were finally on the rise to reach 44M square meters for the first time since May 2024, thus ending a two-month declining trend. The total export volume increased at an average monthly rate of +1.6% over the period from August 2023 to August 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The growth pace was the most rapid in March 2024 when exports increased by 31% m-o-m. As a result, the exports reached the peak of 49M square meters. From April 2024 to August 2024, the growth of the exports remained at a somewhat lower figure.
In value terms, leather exports expanded to $53M (IndexBox estimates) in August 2024. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2024 with an increase of 14% m-o-m. The exports peaked at 58M square meters in May 2024; however, from June 2024 to August 2024, the exports failed to regain momentum.
| COUNTRY | Export Value of Leather in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | |
| Vietnam | 6.1 | 6.5 | 10.2 | 10.7 | 9.8 | 12.1 | 13.3 | 18.1 | 12.0 | 12.7 | 12.9 | 12.9 | 11.6 |
| Mexico | 15.2 | 13.3 | 16.0 | 12.2 | 8.9 | 10.0 | 9.9 | 8.2 | 12.5 | 11.7 | 8.7 | 9.5 | 10.1 |
| China | 5.7 | 10.7 | 5.6 | 8.5 | 8.0 | 7.7 | 7.2 | 10.0 | 9.1 | 8.2 | 6.7 | 8.4 | 8.6 |
| Italy | 11.3 | 8.1 | 7.6 | 7.9 | 7.7 | 7.0 | 7.4 | 7.5 | 8.1 | 9.6 | 8.5 | 5.2 | 8.5 |
| Thailand | 1.5 | 1.2 | 1.9 | 2.6 | 2.0 | 2.6 | 0.5 | 0.6 | 1.7 | 2.9 | 4.7 | 4.0 | 4.9 |
| Canada | 2.3 | 2.5 | 2.3 | 2.3 | 2.4 | 2.4 | 2.2 | 2.2 | 2.1 | 2.3 | 2.0 | 1.7 | 2.1 |
| Brazil | 2.2 | 0.8 | 0.4 | 2.1 | 3.0 | 2.0 | 0.6 | 1.3 | 1.4 | 1.8 | 0.7 | 1.9 | 0.7 |
| Others | 7.8 | 7.8 | 9.6 | 7.3 | 7.6 | 6.9 | 7.8 | 8.1 | 7.7 | 8.6 | 6.6 | 7.4 | 6.8 |
| Total | 52.2 | 50.9 | 53.5 | 53.6 | 49.3 | 50.8 | 49.0 | 55.9 | 54.7 | 57.9 | 50.7 | 51.1 | 53.3 |
Exports by Country
Vietnam (13M square meters), China (11M square meters) and Italy (9.5M square meters) were the main destinations of leather exports from the United States, together comprising 76% of total exports. Thailand, Brazil, Mexico and Canada lagged somewhat behind, together comprising a further 19%.
From August 2023 to August 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($12M), Mexico ($10M) and China ($8.6M) were the largest markets for leather exported from the United States worldwide, together comprising 57% of total exports. Italy, Thailand, Canada and Brazil lagged somewhat behind, together comprising a further 30%.
Thailand, with a CAGR of +10.3%, saw the highest growth rate of 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.
Exports by Type
Leather of bovine and equine animals (44M square meters) was the largest type of leather exported from the United States, accounting for a 100% share of total exports. It was followed by sheep, goat, swine or reptile leather, excluding chamois leather (39K square meters), with a 0.1% share of total exports. Chamois, patent and combination leather (26K square meters) ranked third in terms of total exports with a 0.1% share.
From August 2023 to August 2024, the average monthly rate of growth in terms of the volume of export of leather of bovine and equine animals amounted to +1.6%. With regard to the other exported products, the following average monthly rates of growth were recorded: sheep, goat, swine or reptile leather, excluding chamois leather (+7.7% per month) and chamois, patent and combination leather (-0.3% per month).
In value terms, leather of bovine and equine animals ($52M) remains the largest type of leather exported from the United States, comprising 97% of total exports. The second position in the ranking was taken by sheep, goat, swine or reptile leather, excluding chamois leather ($1.1M), with a 2% share of total exports. It was followed by chamois, patent and combination leather, with a 0.8% share.
From August 2023 to August 2024, the average monthly growth rate of the export volume of leather of bovine and equine animals was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: sheep, goat, swine or reptile leather, excluding chamois leather (+8.5% per month) and chamois, patent and combination leather (+1.1% per month).
Export Prices by Country
In August 2024, the leather price stood at $1.2 per square meter (FOB, US), falling by -1.5% against the previous month. Over the period under review, the export price saw a slight shrinkage. The pace of growth appeared the most rapid in April 2024 when the average export price increased by 12% month-to-month. The export price peaked at $1.6 per square meter in October 2023; however, from November 2023 to August 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In August 2024, the highest price was recorded for prices to Italy ($901 per thousand square meters) and Vietnam ($886 per thousand square meters), while the average price for exports to Thailand ($752 per thousand square meters) and Brazil ($784 per thousand square meters) were amongst the lowest.
From August 2023 to August 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the leather 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:
- Prodcom 15113100 - Leather, of bovine animals, without hair, whole
- Prodcom 15113200 - Leather, of bovine animals, without hair, not whole
- Prodcom 15113300 - Leather, of equine animals, without hair
- Prodcom 15114130 - Sheep or lamb skin leather without wool on, tanned but not further prepared (excluding chamois leather)
- Prodcom 15114150 - Sheep or lamb skin leather without wool on, parchmentdressed or prepared after tanning (excluding chamois, patent, p atent laminated leather and metallised leather)
- Prodcom 15114230 - Goat or kid skin leather without hair on, tanned or pre-tanned but not further prepared (excluding chamois leather)
- Prodcom 15114250 - Goat or kid skin leather without hair on, parchment-dressed or prepared after tanning (excluding chamois leather, patent leather, patent laminated leather and metallised leather)
- Prodcom 15114330 - Leather of swine without hair on, tanned but not further prepared
- Prodcom 15114350 - Leather of swine without hair on, parchment-dressed or prepared after tanning (excluding patent leather, patent laminated leather and metallised leather)
- Prodcom 15115100 - Leather of other animals, without hair on
- Prodcom 15112100 - Chamois leather and combination chamois leather
- Prodcom 15112200 - Patent leather, patent laminated leather and metallised leather
- Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
