Italy's Exports of Composition Leather Declined for the Fourth Consecutive Year

IndexBox has just published a new report: 'Italy - Composition Leather - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the composition leather market in Italy amounted to $X in 2018, reducing by -X% 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, composition leather consumption continues to indicate a deep drop.

Production in Italy

In 2018, approx. X tons of composition leather were produced in Italy; reducing by -X% against the previous year. In general, composition leather production continues to indicate an abrupt setback. The growth pace was the most rapid in 2011 when production volume increased by X% year-to-year. Over the period under review, composition leather production attained its peak figure volume at X tons in 2007; however, from 2008 to 2018, production remained at a lower figure.

In value terms, composition leather production totaled $X in 2018 estimated in export prices. Overall, composition leather production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. In that year, composition leather production reached its peak level of $X. From 2012 to 2018, composition leather production growth remained at a somewhat lower figure.

Exports from Italy

In 2018, the exports of composition leather from Italy totaled X tons, falling by -X% against the previous year. Over the period under review, composition leather exports continue to indicate a measured decline. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at X tons in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, composition leather exports totaled $X (IndexBox estimates) in 2018. In general, composition leather exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. In that year, composition leather exports reached their peak of $X. From 2012 to 2018, the growth of composition leather exports remained at a somewhat lower figure.

Exports by Country

China, Hong Kong SAR (X tons) was the main destination for composition leather exports from Italy, accounting for a X% share of total exports. Moreover, composition leather exports to China, Hong Kong SAR exceeded the volume sent to the second major destination, China (X tons), twofold. Portugal (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to China, Hong Kong SAR amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Portugal (+X% per year).

In value terms, Cambodia ($X), China ($X) and China, Hong Kong SAR ($X) appeared to be the largest markets for composition leather exported from Italy worldwide, together comprising X% of total exports.

Cambodia experienced the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average composition leather export price stood at $X per ton in 2018, rising by X% against the previous year. Overall, the composition leather export price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. In that year, the average export prices for composition leather attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for composition leather failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Cambodia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Italy

Composition leather imports into Italy stood at X tons in 2018, stabilizing at the previous year. Overall, composition leather imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, composition leather imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, composition leather imports amounted to $X (IndexBox estimates) in 2018. Over the period under review, composition leather imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, composition leather imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Germany (X tons) constituted the largest supplier of composition leather to Italy, accounting for a X% share of total imports. Moreover, composition leather imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. China (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-X% per year) and China (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of composition leather to Italy, comprising X% of total composition leather imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Germany stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Slovenia (-X% per year).

Import Prices by Country

In 2018, the average composition leather import price amounted to $X per ton, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for composition leather attained their maximum in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Market Intelligence Platform