U.S.: Market for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather 2024

Market Size for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in the U.S.

In 2022, the U.S. market for sheep, goat, swine or reptile leather, excluding chamois leather decreased by -0.6% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in the U.S.

In value terms, production of sheep, goat, swine or reptile leather, excluding chamois leather contracted slightly to $X in 2022. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 20%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Exports from the U.S.

In 2022, overseas shipments of sheep, goat, swine or reptile leather, excluding chamois leather increased by 3.9% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by 251% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of sheep, goat, swine or reptile leather, excluding chamois leather reduced to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 81% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons), China (X tons) and Italy (X tons) were the main destinations of exports of sheep, goat, swine or reptile leather, excluding chamois leather from the United States, together comprising 67% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +13.7%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Italy ($X) and China ($X) were the largest markets for sheep, goat, swine or reptile leather exported from the United States worldwide, together comprising 59% of total exports. The Dominican Republic, Canada, Thailand, the UK and Hong Kong SAR lagged somewhat behind, together comprising a further 26%.

The Dominican Republic, with a CAGR of +3.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for sheep, goat, swine or reptile leather, excluding chamois leather amounted to $X per ton, reducing by -14.2% against the previous year. Overall, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 61%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+34.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Imports into the U.S.

In 2022, after two years of decline, there was growth in purchases abroad of sheep, goat, swine or reptile leather, excluding chamois leather, when their volume increased by 1.4% to X tons. Over the period under review, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 12%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of sheep, goat, swine or reptile leather, excluding chamois leather soared to $X in 2022. In general, imports, however, showed a abrupt shrinkage. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria (X tons), Taiwan (Chinese) (X tons) and Mexico (X tons) were the main suppliers of imports of sheep, goat, swine or reptile leather, excluding chamois leather to the United States, together comprising 37% of total imports. These countries were followed by Pakistan, South Africa, France, Italy, Brazil, Poland, India, China, the UK and South Korea, which together accounted for a further 53%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +12.7%), while imports for the other leaders experienced a decline.

In value terms, South Africa ($X) constituted the largest supplier of sheep, goat, swine or reptile leather, excluding chamois leather to the United States, comprising 30% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by France, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from South Africa stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.8% per year) and France (-9.1% per year).

Import Prices by Country

In 2022, the average import price for sheep, goat, swine or reptile leather, excluding chamois leather amounted to $X per ton, surging by 26% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for sheep, goat, swine or reptile leather, excluding chamois leather increased by +129.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 82% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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