The Canadian market for Articles of Apparel of Leather or Composition Leather has seen a consistent decline from 2013 to 2023, with the market value dropping from 328.3 million USD in 2013 to 117.74 million USD in 2023. The most significant year-on-year declines occurred in 2016 and 2015. The CAGR over the past five years (2018-2023) stood at -7.11%, indicating a continuous yearly contraction in market size.
Future trends to watch for:
- Potential innovations in sustainable and alternative materials may influence market dynamics.
- Consumer preference shifts towards vegan leather, possibly affecting demand.
- Trade policies and import regulations could impact the international leather market and pricing.
| # | 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 |
| 8 | 8 South Korea | 219,320,000 | 2023 | +4.51% | +4.13% | View data |
| 9 | 9 Australia | 174,090,000 | 2023 | +0.087% | +0.33% | View data |
| 10 | 10 Canada | 117,740,000 | 2023 | -8.16% | -7.11% | |
| 11 | 11 Greece | 53,502,000 | 2023 | -0.77% | -1.1% | View data |
| 12 | 12 Chile | 39,779,000 | 2023 | +0.23% | +1.45% | View data |
