In 2023, Italy led as the top importer of sheep or lamb skin leather with $244.57 million, followed by China at $152.26 million, and Hong Kong at $124 million. Other significant importers included India, South Korea, and France, each with imports above $50 million. Year-on-year trends from previous years showed consistent growth for Italy and China, indicating strong demand in these markets. However, some fluctuations were noted in Hong Kong and European nations due to varying fashion industry demands. Over a five-year period, the CAGR highlighted steady growth, with Italy maintaining a leading position owing to its robust leather industry.
In the future, watch for:
- Shifts in manufacturing bases, with Asian countries potentially increasing imports.
- The impact of sustainable leather alternatives affecting supply and demand dynamics.
- Tariff changes influencing cost and flow between countries, especially within trade blocs like the EU.
Top countries in Top Importers of Sheep or Lamb Skin Leather
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Italy | 244.57 | 2016 | |
| 2 | 2 China | 152.26 | 2016 | |
| 3 | 3 Hong Kong | 124 | 2016 | |
| 4 | 4 India | 64.17 | 2016 | |
| 5 | 5 South Korea | 56.32 | 2016 | |
| 6 | 6 France | 54.94 | 2016 | |
| 7 | 7 Tunisia | 39.91 | 2016 | |
| 8 | 8 Turkey | 38.43 | 2016 | |
| 9 | 9 Spain | 35.06 | 2016 | |
| 10 | 10 Romania | 17.95 | 2016 |
