In 2023, China led the global market as the top importer of raw hides, skins, and leather with a value of $5.76 billion USD. This was followed by Italy at $3.29 billion. Other significant importers included Hong Kong, Mexico, Germany, and the United States. The notable year-on-year growth occurred in the Chinese market, driven by its booming fashion industry. Meanwhile, Italy's prestigious leather craftsmanship continues to bolster demand. Over the last two years, the industry experienced modest growth, primarily in Asian and European markets, with a CAGR indicating steady interest and demand in this sector.
Looking towards the future, key trends to observe include the influence of sustainable and ethical sourcing practices. Additionally, the shift towards eco-friendly leather alternatives could reshape importing dynamics. Technological advancements in leather processing might also impact traditional import volumes, paving the way for innovation-led consumption patterns among top importers.
Top countries in Top Importers of Raw Hides and Skins and Leather
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 5,760 | 2016 | |
| 2 | 2 Italy | 3,290 | 2016 | |
| 3 | 3 Hong Kong | 1,860 | 2016 | |
| 4 | 4 Mexico | 1,170 | 2016 | |
| 5 | 5 Germany | 809.25 | 2016 | |
| 6 | 6 United States | 805.69 | 2016 | |
| 7 | 7 South Korea | 687.69 | 2016 | |
| 8 | 8 Spain | 673.63 | 2016 | |
| 9 | 9 France | 640.79 | 2016 | |
| 10 | 10 India | 615.98 | 2016 |
