Report Update Nov 1, 2024

Mexico - Leather - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Leather Market 2022

Leather Market Size in Mexico

The Mexican leather market surged to $X in 2021, increasing by 30% against the previous year. In general, consumption, however, showed a mild descent. Leather consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Leather Production in Mexico

In value terms, leather production expanded to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible descent. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Leather Exports

Exports from Mexico

In 2021, shipments abroad of leather decreased by -29.3% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 100% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, leather exports shrank slightly to $X in 2021. Over the period under review, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Italy (X tons) were the main destinations of leather exports from Mexico, together comprising 88% of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +16.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for leather exports from Mexico, comprising 49% of total exports. The second position in the ranking was held by China ($X), with a 24% share of total exports. It was followed by Vietnam, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.5% per year) and Vietnam (+29.4% per year).

Export Prices by Country

The average leather export price stood at $X per ton in 2021, picking up by 41% against the previous year. In general, the export price, however, continues to indicate a pronounced slump. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Imports

Imports into Mexico

In 2021, leather imports into Mexico fell to X tons, waning by -6.3% compared with 2020. Over the period under review, imports showed a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of 116%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, leather imports soared to $X in 2021. In general, imports saw a deep contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest leather supplier to Mexico, accounting for a 61% share of total imports. Moreover, leather imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.7% per year) and Italy (+0.1% per year).

In value terms, Brazil ($X), the United States ($X) and Italy ($X) constituted the largest leather suppliers to Mexico, with a combined 81% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +0.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average leather import price amounted to $X per ton, with an increase of 50% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2016 when the average import price increased by 88%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for leather in the world?

The countries with the highest volumes of in 2021 were China, Italy and Turkey, together accounting for 43% of global consumption.

What are the largest producers of leather in the world?

The countries with the highest volumes of in 2021 were Italy, Brazil and Turkey, with a combined 35% share of global production.

What are the leading suppliers of leather to Mexico?

In value terms, Brazil, the United States and Italy constituted the largest leather suppliers to Mexico, together comprising 77% of total imports.

What are the leading importers of leather from Mexico?

In value terms, the United States remains the key foreign market for leather exports from Mexico, comprising 40% of total exports. The second position in the ranking was occupied by China, with a 19% share of total exports. It was followed by Vietnam, with a 4% share.

What is the average export price for leather in Mexico?

The average leather export price stood at $8,198 per ton in 2021, surging by 48% against the previous year.

What is the average import price for leather in Mexico?

The average leather import price stood at $8,613 per ton in 2021, growing by 45% against the previous year.

This report provides an in-depth analysis of the leather market in Mexico. 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:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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