Global trade of raw leather significantly contracted

13 Oct '20

2 min read

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The global export of raw leather was $25,105.98 million in the year 2017, which considerably plunged 26.61 per cent to $18,426.02 million in 2019. Total exports dropped 19.42 per cent in 2019 over the previous year, according to data from TexPro. Further, it is expected to move up to $20,169.30 million in 2022 with a rate of 9.46 per cent from 2019.

The global import value of raw leather was $25,904.22 million in 2017, which substantially declined 26.78 per cent to $18,965.91 million in 2019, according to Fibre2Fashion's market analysis tool TexPro. Total imports fell 21.69 per cent in 2019 over the previous year and is expected to inflate to $21,206.73 million in 2022 with a rate of 11.82 per cent from 2019.

Italy ($3,806.12 million), US ($1,702.53 million), Brazil ($1,161.14 million) and Hong Kong ($909.05 million) were the key exporters of raw leather across the globe in 2019, together comprising 41.13 per cent of total export. These were followed by Germany ($756.71 million), China ($705.40 million) and Thailand ($666.16 million).

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by China (5.82 per cent).

China ($3,658.13 million), Italy ($2,408.25 million), Vietnam ($1,500.49 million) and Hong Kong ($966.82 million) were the key importers of raw leather in the globe in 2019, together comprising 44.99 per cent of total import. These were followed by France ($694.06 million), Germany ($595.55 million) and US ($576.67 million).

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by France (7.39 per cent).

Fibre2Fashion News Desk (JL)

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