The leather market for bovine or equine animals in China experienced fluctuations from 2013 to 2023, peaking in 2015 at $14.44 per capita before declining. In 2023, the market was valued at $12.29 per capita. The past two years saw a modest annual growth of about 0.24% in 2022 and 0.33% in 2023. Over the last five years, the compound annual growth rate (CAGR) has been relatively stagnant.
Future trends to watch for include:
- Potential impacts of technology and innovation in sustainable leather production.
- Shifts in consumer preferences towards synthetic alternatives driven by environmental concerns.
- Impact of economic changes and trade policies on market dynamics.
How does China rank in Leather of Bovine or Equine Animals Market Size Value Per Capita?
| # | 5 Countries | US Dollars Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Poland | 30.38 | 2023 | View data |
| 2 | 2 France | 24.34 | 2023 | View data |
| 3 | 3 Thailand | 14.34 | 2023 | View data |
| 4 | 4 China | 12.29 | 2023 | |
| 5 | 5 India | 2.07 | 2023 | View data |
