Chamois Leather and Combination Chamois Leather Market

Depressed by shrinking demand, the global market for chamois leather and combination chamois leather is expected to contract in both volume and value over the period from 2022 to 2030. Consumption, production, imports, and exports all show downward trends, with some fluctuations in certain years. Italy, China, and the United States are the top consumers, producers, importers, and exporters of chamois leather. Overall, the market is experiencing a relatively flat trend pattern, with slight decreases in volume and value across key indicators.

Market Forecast

Depressed by shrinking demand for chamois leather and combination chamois leather worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -0.7% for the period from 2022 to 2030, which is projected to depress the market volume to 184M square meters by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market value to $5.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Chamois Leather and Combination Chamois Leather

Global consumption of chamois leather and combination chamois leather reduced to 195M square meters in 2022, flattening at the previous year's figure. Over the period under review, consumption showed a slight shrinkage. Over the period under review, global consumption of reached the peak volume at 217M square meters in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The value of the market for chamois leather and combination chamois leather worldwide dropped to $4.6B in 2022, shrinking by -5.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Global consumption peaked at $5.2B in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Italy (50M square meters), China (25M square meters) and the United States (14M square meters), together comprising 45% of global consumption. India, Japan, Portugal, Pakistan, Germany, Bangladesh, Indonesia, Brazil and France lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of leather, amongst the leading consuming countries, was attained by Portugal (with a CAGR of +15.8%), while leather for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($691M), the United States ($563M) and China ($349M) appeared to be the countries with the highest levels of market value in 2022, with a combined 35% share of the global market. India, Indonesia, Japan, France, Germany, Portugal, Bangladesh, Pakistan and Brazil lagged somewhat behind, together accounting for a further 30%.

Portugal, with a CAGR of +11.7%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while leather for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of chamois leather and combination chamois leather per capita consumption in 2022 were Italy (838 square meters per 1000 persons), Portugal (465 square meters per 1000 persons) and Germany (50 square meters per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +16.3%), while leather for the other global leaders experienced more modest paces of growth.

Production

World Production of Chamois Leather and Combination Chamois Leather

In 2022, approx. 195M square meters of chamois leather and combination chamois leather were produced worldwide; standing approx. at the year before. Overall, production saw a mild downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 20% against the previous year. Global production peaked at 218M square meters in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, production of chamois leather and combination chamois leather dropped to $4.4B in 2022 estimated in export price. Over the period under review, production saw a slight descent. The pace of growth was the most pronounced in 2021 when the production volume increased by 18% against the previous year. Global production peaked at $5.2B in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of production of chamois leather and combination chamois leather was Italy (52M square meters), accounting for 27% of total volume. Moreover, production of chamois leather and combination chamois leather in Italy exceeded the figures recorded by the second-largest producer, China (25M square meters), twofold. The third position in this ranking was held by the United States (14M square meters), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume in Italy totaled -4.1%. In the other countries, the average annual rates were as follows: China (+2.5% per year) and the United States (+4.8% per year).

Imports

World Imports of Chamois Leather and Combination Chamois Leather

In 2022, supplies from abroad of chamois leather and combination chamois leather was finally on the rise to reach 5.7M square meters for the first time since 2017, thus ending a four-year declining trend. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 16%. Global imports peaked at 6.7M square meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chamois leather and combination chamois leather reduced slightly to $111M in 2022. In general, imports, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2014 when imports increased by 15% against the previous year. Global imports peaked at $210M in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports By Country

Portugal (783K square meters), Morocco (687K square meters) and the United States (679K square meters) represented roughly 38% of total imports in 2022. It was distantly followed by Nigeria (313K square meters) and Romania (305K square meters), together achieving an 11% share of total imports. Germany (231K square meters), Tunisia (231K square meters), Spain (184K square meters), Italy (178K square meters), the Netherlands (149K square meters), China (139K square meters), Albania (126K square meters) and Slovakia (108K square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +48.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest chamois leather and combination chamois leather importing markets worldwide were Portugal ($14M), Morocco ($13M) and the United States ($8M), with a combined 31% share of global imports. Italy, Germany, Romania, Spain, China, Tunisia, Slovakia, the Netherlands, Albania and Nigeria lagged somewhat behind, together accounting for a further 37%.

Nigeria, with a CAGR of +55.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for chamois leather and combination chamois leather stood at $20 per square meter in 2022, reducing by -4.2% against the previous year. In general, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 14%. Global import price peaked at $33 per square meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($37 per square meter), while Nigeria ($2.8 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Chamois Leather and Combination Chamois Leather

In 2022, shipments abroad of chamois leather and combination chamois leather increased by 5.7% to 5.4M square meters, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The global exports peaked at 6.8M square meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chamois leather and combination chamois leather stood at $117M in 2022. Overall, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. As a result, the exports reached the peak of $216M. From 2015 to 2022, the growth of the global exports of remained at a lower figure.

Exports By Country

Italy was the largest exporter of chamois leather and combination chamois leather in the world, with the volume of exports resulting at 2.7M square meters, which was approx. 49% of total exports in 2022. It was distantly followed by Spain (697K square meters) and Brazil (685K square meters), together comprising a 26% share of total exports. The following exporters - China (160K square meters), the United States (154K square meters), Germany (114K square meters), Turkey (102K square meters) and Romania (98K square meters) - together made up 12% of total exports.

Italy experienced a relatively flat trend pattern with regard to volume of exports of chamois leather and combination chamois leather. At the same time, Turkey (+20.4%), the United States (+20.0%), Brazil (+9.9%), China (+3.2%), Spain (+2.5%) and Romania (+2.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.4% from 2012-2022. Germany experienced a relatively flat trend pattern. Brazil (+8 p.p.), Spain (+3.3 p.p.), the United States (+2.4 p.p.) and Turkey (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($63M) remains the largest chamois leather and combination chamois leather supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by Spain ($15M), with a 13% share of global exports. It was followed by Brazil, with a 6.4% share.

In Italy, exports of chamois leather and combination chamois leather declined by an average annual rate of -3.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+0.1% per year) and Brazil (+3.4% per year).

Export Prices By Country

The average export price for chamois leather and combination chamois leather stood at $22 per square meter in 2022, waning by -5.2% against the previous year. Overall, the export price showed a perceptible downturn. The growth pace was the most rapid in 2013 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $33 per square meter in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($36 per square meter), while Brazil ($11 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform