GITNUX MARKETDATA REPORT 2024

Leather Industry Statistics

Leather industry statistics provide key insights into production, consumption, trade, and market trends of leather and leather products globally.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we delve into the remarkable statistics shaping the global leather industry, from the impressive market values and key players to the significant contributions of different regions. Join us as we uncover the fascinating insights driving the dynamics of this billion-dollar industry.

Statistic 1

"In 2019, the global market value for the leather goods industry accounted for more than USD 414.0 billion."

Statistic 2

"By 2027, the global product market for leather products is expected to reach an estimated value of USD 629.65 billion."

Statistic 3

"The footwear segment accounted for 54% of the global leather goods market in 2019."

Statistic 4

"The North American leather industry consumes about 13% of the global leather produced."

Statistic 5

"Globally, 65% of all leather produced is used in the manufacturing of footwear."

Statistic 6

"The annual revenue of the leather footwear market in the U.S is over $8 billion."

Statistic 7

"Asia pacific dominated the global leather goods market in 2019, with more than 30% market share."

Statistic 8

"China is the largest exporter of leather and hides in the world, contributing about 24% of the world total."

Statistic 9

"Italy is the second-largest global exporter of leather goods, accounting for nearly 13% of world exports."

Statistic 10

"About 90% of the overall revenue of the leather industry in India comes from the footwear segment."

Statistic 11

"In Australia, leather manufacturing industry employment shrank by 36.8% between 2008 and 2018."

Statistic 12

"European Union is the leading exporter of leather handbags and similar goods, with a value of $10.5 billion in 2020."

Statistic 13

"Brazil is the 2nd largest producer of bovine leather in the world."

Statistic 14

"Germany is Europe's largest single market for the leather industry."

Statistic 15

"The United Kingdom's leather, hide and skin production reached £89 million in 2018."

Statistic 16

"Over 90% of Australian tanned leather is exported."

Statistic 17

"The Indian leather industry is targeting to increase its turnover from $7.5 Million to $12 Billion by 2020."

Statistic 18

"Over 500,000 workers are employed in Italy's leather goods industry."

The global leather goods industry has witnessed significant growth over the years, with an increasing market value projected for the future. The dominance of the footwear segment is evident, accounting for a substantial portion of the market and driving revenue in key regions such as the U.S., India, and Australia. Countries like China, Italy, and Brazil play crucial roles as major exporters and producers within the industry, shaping the dynamics of global trade. While some regions have experienced declines in employment or faced challenges, the overall outlook for the industry remains optimistic, with targeted turnovers and expansion plans indicating a promising future.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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