Leatherette Price Trend and Forecast 2026-2027

Market Overview

In Europe, the highest-cost reporting region, leatherette prices held firm through H1 2026, extending a steady premium built on energy costs and fashion-grade positioning. The European average rose from USD 4.30/Meter in Q1 2026 to USD 4.38/Meter in Q2, a gain of about 1.9%. Globally, the average rose from USD 3.108/Meter in Q1 2026 to USD 3.165/Meter in Q2, a 1.8% gain. For H2 2026, a global average of USD 3.10-3.30/Meter is expected, with firming polyurethane feedstock costs continuing to outweigh softer Chinese export pricing across most reporting regions.

Leatherette is produced by coating or laminating a polyvinyl chloride or polyurethane resin system onto a woven, knit, or non-woven textile backing, yielding a durable, leather-like material sold in roll form. Furniture and upholstery applications account for the largest share of global demand, with automotive interiors, footwear, and fashion accessories and bags making up most of the remaining major applications. Polyurethane and PVC resin feedstock costs, automotive and furniture sector demand cycles, export competition among Asian producers, and freight rates on key export routes are the drivers that move price most consistently.

Leatherette Price Forecast for 2026

The supply-demand balance for leatherette through the remainder of 2026 leans toward gradual, feedstock-driven firming rather than a sharp move in either direction. Polyurethane resin costs stay structurally elevated following a sharp feedstock cost run-up, even as Chinese export pricing continues to soften on intense competition and rising shipment volumes. Automotive interior and furniture upholstery demand remain the key swing factors across every reporting region.

The primary upside risk is a further polyurethane feedstock cost spike tied to regional supply disruptions, which would push prices above the forecast range. The primary downside risk is continued Chinese export price competition and softer furniture and automotive demand overwhelming the feedstock-driven cost increases, which would pull prices back below the forecast.

For the Quarter Ending June 2026

Leatherette Prices Q2 2026:

• Europe: USD 4.38/Meter
• United States: USD 3.52/Meter
• India: USD 2.70/Meter
• China: USD 2.06/Meter

Leatherette Prices in Europe

European leatherette prices averaged USD 4.38/Meter in Q2 2026, up about 1.9% from USD 4.30/Meter in Q1 2026, the highest level among the four tracked markets. Elevated energy costs and steady fashion and premium furniture demand kept the market firm even as underlying PVC input costs eased.

Why did the price of Leatherette change in Q2 2026 in Europe?

Energy costs for coating and lamination processes stayed elevated through the quarter. Premium fashion and furniture buyers continued to favour higher-grade material despite softer PVC resin costs. Import competition from lower-cost Asian producers remained limited in the premium segment.

Leatherette Prices in United States

US prices averaged USD 3.52/Meter in Q2 2026, up about 2.9% from USD 3.42/Meter in Q1 2026. Firm automotive interior demand combined with rising polyurethane feedstock costs to sustain the increase.

Why did the price of Leatherette change in Q2 2026 in United States?

Automotive interior and seating demand held firm through the quarter. Polyurethane resin costs continued climbing following a sharp feedstock cost run-up earlier in the year. Domestic converters passed the higher input cost through steadily.

Leatherette Prices in India

Indian prices averaged USD 2.70/Meter in Q2 2026, up about 3.1% from USD 2.62/Meter in Q1 2026, extending the recovery that began after a soft 2025. Rising feedstock costs continued to outweigh the prior oversupply overhang.

Why did the price of Leatherette change in Q2 2026 in India?

Feedstock costs for both PVC and polyurethane systems continued firming through the quarter. Domestic footwear and furniture demand grew steadily, absorbing the higher cost base. Export competition from China moderated the pace of increase.

Leatherette Prices in China

Chinese prices averaged USD 2.06/Meter in Q2 2026, down about 1.4% from USD 2.09/Meter in Q1 2026, extending a gradual decline despite a 13% increase in export volumes. Intense competition among domestic producers continued to pressure unit values lower.

Why did the price of Leatherette change in Q2 2026 in China?

Export volumes continued growing even as unit prices eased, reflecting intense competition among domestic producers. PVC resin costs stayed comparatively soft given regional oversupply. Buyers in Southeast Asia and South Asia continued to favour the lowest-cost Chinese material.

For the Quarter Ending March 2026

Leatherette Prices Q1 2026:

• Europe: USD 4.30/Meter
• United States: USD 3.42/Meter
• India: USD 2.62/Meter
• China: USD 2.09/Meter

Leatherette Prices in Europe

European prices averaged USD 4.30/Meter in Q1 2026, up about 1.2% from Q4 2025. Elevated energy costs and steady premium fashion and furniture demand sustained the region's premium entering the year.

Why did the price of Leatherette change in Q1 2026 in Europe?

Energy costs for coating and finishing processes stayed elevated entering the year. Premium fashion and furniture buyers continued placing steady orders. PVC resin costs eased regionally, but the premium segment saw limited pass-through of that relief.

Leatherette Prices in United States

US prices averaged USD 3.42/Meter in Q1 2026, up about 3.0% from Q4 2025, as a sharp polyurethane feedstock cost surge tied to Middle East supply tension pushed input costs higher.

Why did the price of Leatherette change in Q1 2026 in United States?

Polyurethane feedstock costs surged sharply entering the year on Middle East-linked supply tension. Automotive interior demand stayed firm, allowing converters to pass the increase through. Domestic supply remained adequate relative to demand.

Leatherette Prices in India

Indian prices averaged USD 2.62/Meter in Q1 2026, up about 4.8% from Q4 2025, marking a recovery after a soft 2025 shaped by oversupply. Rising feedstock costs across both PVC and polyurethane systems drove the increase.

Why did the price of Leatherette change in Q1 2026 in India?

Feedstock costs began firming sharply entering the year across both resin systems. Domestic footwear and furniture demand grew steadily. The prior year's oversupply overhang began clearing as producers moderated output.

Leatherette Prices in China

Chinese prices averaged USD 2.09/Meter in Q1 2026, down about 1.9% from Q4 2025, as export volumes continued growing faster than unit values. Intense domestic competition kept pricing under pressure entering the year.

Why did the price of Leatherette change in Q1 2026 in China?

Export volumes continued growing, but intense competition among domestic producers kept unit prices under pressure. PVC resin costs stayed soft on regional oversupply. Buyers across Southeast Asia and South Asia continued favouring the lowest-cost material.

Quarterly Leatherette Price Trends

Global leatherette prices eased gradually through most of 2025 on Chinese export competition, before firming through the first half of 2026 as polyurethane feedstock costs rose sharply. The average opened near USD 3.083/Meter in Q1 2025, eased to USD 3.050/Meter by Q4 2025, then climbed to USD 3.108/Meter in Q1 2026 and USD 3.165/Meter in Q2 2026, a net gain of about 2.7% across the six-quarter window. Chinese export competition drove the 2025 softness, while the 2026 polyurethane feedstock cost surge drove the reversal.

What was Leatherette Price in 2025?

Leatherette prices moved lower across most reporting regions in 2025, weighed down by intense Chinese export competition and a soft Indian market, even as Europe and the United States held comparatively firm. The global average eased from USD 3.083/Meter in Q1 2025 to USD 3.050/Meter by Q4, a full-year decline of about 1.1% that masked sharp regional divergence. Chinese export competition, a soft Indian feedstock and demand backdrop, and steady premium fashion and automotive demand in Europe and the United States were the primary forces that defined the year.

Leatherette Prices in Europe in 2025

European prices rose from about USD 4.10/Meter in Q1 2025 to USD 4.25/Meter by Q4, a gain of roughly 3.7%. Steady premium fashion and furniture demand and elevated energy costs drove the gradual climb through the year.

Leatherette Prices in United States in 2025

US prices rose from about USD 3.20/Meter in Q1 2025 to USD 3.32/Meter by Q4, a gain of roughly 3.75%. Firm automotive interior demand supported the steady increase through most of the year, ahead of the sharper early-2026 feedstock cost surge.

Leatherette Prices in India in 2025

Indian prices fell from about USD 2.75/Meter in Q1 2025 to USD 2.50/Meter by Q4, a decline of roughly 9.1%, the steepest among the four tracked markets. Oversupply and soft feedstock costs pressured the market lower through most of the year, ahead of the early-2026 recovery.

Leatherette Prices in China in 2025

Chinese prices fell from about USD 2.28/Meter in Q1 2025 to USD 2.13/Meter by Q4, a decline of roughly 6.6%. Intense competition among domestic producers and rapidly growing export volumes pressured unit values lower through the year.

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Expert Market Research: Your Source for Real-Time Leatherette Price Intelligence

Expert Market Research tracks leatherette prices continuously across every major producing and consuming region. The team traces causation through polyurethane and PVC resin feedstock economics, export competition among Asian producers, freight and logistics shifts, and downstream automotive, furniture, and footwear sector demand cycles. Forecasts draw on feedstock cost curves, capacity utilisation, and trade flow data across all reporting regions. Contact Expert Market Research today for leatherette pricing data, bespoke market analysis, and strategic procurement advisory.