The Canadian market for articles of apparel of leather or composition leather shows a consistent downward trend from 2013 to 2023, with per capita value dropping from $9.36 to $2.92. This reflects a steady decline in interest or spending capacity in leather apparel over the past decade. The 2023 value stood significantly lower compared to the previous years. The year-on-year decrease over the last two years was 8.6% from 2021 to 2022, followed by a 10.2% drop from 2022 to 2023. The five-year compound annual growth rate (CAGR) highlights an average annual decline of 5.1%.

Future trends to watch for include the potential impact of sustainability and ethical considerations on consumer preferences, which could further influence the demand for leather-based products. Additionally, increased competition from synthetic and alternative materials may continue to pressure the market.

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