Key Market Indicators
Japan, Mexico and Canada respectively ranked numbers 2, 3 and 4 in this ranking. American demand for leather goods is expected to decrease by 1.3% year on year CAGR from 2021 to 2026, down from its peak of $1.44 billion in 2021. This marks a downward trend since 1996, when demand fell by 0.2% annually. Germany, France and Italy rank second, third and fourth, respectively. Meanwhile, US exports of leather goods are predicted to drop by 1% year on year CAGR from 2021 to 2026, down from $174.8 million in 2021. This marks an increase since 1996, when supply surged by 0.3% each year. Japan, Mexico and Canada ranked second, third and fourth, respectively.