Report Update Nov 1, 2024

Puerto Rico - Leather - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Leather Market 2022

Leather Market Size in Puerto Rico

After five years of decline, the Puerto Rican leather market increased by 15% to $X in 2021. Overall, consumption, however, saw a mild contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Leather Production in Puerto Rico

In value terms, leather production soared to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Leather Exports

Exports by Country

Brazil (X tons) and the United States (X tons) were the main exporters of leather in 2021, accounting for approx. 19% and 16% of total exports, respectively. It was distantly followed by Italy (X tons), achieving an 8.8% share of total exports. Vietnam (X tons), China (X tons), Argentina (X tons), Paraguay (X tons), India (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), Turkey (X tons), Hong Kong SAR (X tons) and New Zealand (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +9.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest leather supplier from Puerto Rico, comprising 23% of global exports. The second position in the ranking was taken by Brazil ($X), with a 9.8% share of global exports. It was followed by China, with a 6.3% share.

In Italy, leather exports shrank by an average annual rate of -3.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-4.9% per year) and China (+9.1% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, approximately reflecting the previous year. In general, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the other leaders experienced more modest paces of growth.

Leather Imports

Imports by Country

In 2021, China (X tons) represented the major importer of leather, mixing up 41% of total imports. Italy (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (9.3%). India (X tons), Mexico (X tons), Hong Kong SAR (X tons), Indonesia (X tons), Taiwan (Chinese) (X tons), the United States (X tons), Spain (X tons), Cambodia (X tons) and South Korea (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of leather. At the same time, Cambodia (+16.7%), Vietnam (+4.8%), Indonesia (+2.8%), the United States (+2.5%) and India (+1.5%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in the world, with a CAGR of +16.7% from 2012-2021. By contrast, Mexico (-1.2%), Italy (-3.0%), Taiwan (Chinese) (-4.1%), Spain (-5.3%), South Korea (-10.5%) and Hong Kong SAR (-15.5%) illustrated a downward trend over the same period. While the share of Vietnam (+4.3 p.p.) and China (+4.1 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Hong Kong SAR (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together comprising 34% of total imports. Hong Kong SAR, the United States, Indonesia, Mexico, Spain, India, Cambodia, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further 24%.

Cambodia, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately reflecting the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the other leaders experienced mixed trends in the import price figures.

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 comprising 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, together comprising 35% of global production.

What are the leading suppliers of leather to Puerto Rico?

In value terms, the largest leather importing markets into Puerto Rico were China, Italy and Vietnam, together accounting for 34% of total imports.

What are the leading importers of leather from Puerto Rico?

In value terms, Italy remains the largest leather supplier from Puerto Rico, comprising 24% of global exports. The second position in the ranking was occupied by Brazil, with an 8.6% share of global exports. It was followed by the United States, with a 5.4% share.

What is the average export price for leather in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, almost unchanged from the previous year.

What is the average import price for leather in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, approximately reflecting the previous year.

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

Puerto Rico

Data coverage:

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