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.

Statistic 1

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

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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Statistic 11

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

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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Statistic 16

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

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Statistic 17

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

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Statistic 18

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

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