The Articles of Apparel of Leather or Composition Leather market in China has experienced a consistent decline in market size from 2013 to 2023. The market, valued at $0.335 billion in 2023, has faced year-on-year decreases with a sharp decline of 29.19% just in the last year. Over a five-year period, the compound annual growth rate (CAGR) shows an average annual decline of 19.5%, illustrating a significant downturn in the market.
Future trends to observe include:
- Potential shifts towards sustainable and synthetic alternatives impacting the leather market demand.
- Influences of global economic conditions and trade policies on material costs and exports.
- Increasing consumer preference for eco-friendly and ethically sourced products.
How does China rank in Articles of Apparel of Leather or Composition Leather Market Size Value?
| # | 17 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 946,170,000 | 2023 | -3.39% | -4.04% | View data |
| 2 | 2 Germany | 840,990,000 | 2023 | -6.44% | -5.46% | View data |
| 3 | 3 United Kingdom | 688,920,000 | 2023 | -1.29% | -2.36% | View data |
| 4 | 4 Spain | 528,890,000 | 2023 | -3.34% | -2.98% | View data |
| 5 | 5 Japan | 439,210,000 | 2023 | -4.2% | -4.39% | View data |
| 6 | 6 China | 335,230,000 | 2023 | -29.19% | -19.5% | |
| 7 | 7 Netherlands | 236,460,000 | 2023 | -1.39% | -1.84% | View data |
| 8 | 8 South Korea | 219,320,000 | 2023 | +4.51% | +4.13% | View data |
