Report Update: May 1, 2024

Hong Kong SAR, China - Patent Leather, Patent Laminated Leather And Metallised Leather - Market Analysis, Forecast, Size, Trends And Insights

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Patent Leather Price in Hong Kong SAR - 2023

Patent Leather Price in Hong Kong SAR (FOB) - 2022

The average patent leather export price stood at $22 per square meter in 2022, surging by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 an increase of 46% against the previous year. As a result, the export price attained the peak level of $26 per square meter. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($23 per square meter), while the average price for exports to Indonesia stood at $12 per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Patent Leather Price in Hong Kong SAR (CIF) - 2023

The average patent leather import price stood at $42.4 per square meter in June 2023, with an increase of 31% against the previous month. Over the period under review, import price indicated a measured expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, patent leather import price increased by +62.4% against March 2023 indices. The growth pace was the most rapid in January 2023 when the average import price increased by 63% m-o-m. As a result, import price attained the peak level of $51.2 per square meter. From February 2023 to June 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($42.7 per square meter), while the price for Germany amounted to $33.4 per square meter.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced a decline.

Patent Leather Exports in Hong Kong SAR

In 2022, exports of patent leather, patent laminated leather and metallised leather from Hong Kong SAR fell notably to 156K square meters, shrinking by -67% on 2021 figures. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 75%. As a result, the exports reached the peak of 471K square meters, and then fell sharply in the following year.

In value terms, patent leather exports shrank dramatically to $3.5M in 2022. Over the period under review, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Over the period under review, the exports attained the maximum at $11M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Patent Leather in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	11.1	5.7	6.2	3.4	-32.6%
Indonesia	N/A	0.4	1.6	N/A	300.0%
Others	0.1	N/A	N/A	N/A	0%
Total	11.2	6.1	7.9	3.5	-32.1%

Top Export Markets for Patent Leather from Hong Kong SAR in 2022:

China (152.1K square meters)
Indonesia (3.6K square meters)

Patent Leather Imports in Hong Kong SAR

In 2022, the amount of patent leather, patent laminated leather and metallised leather imported into Hong Kong SAR contracted remarkably to 49K square meters, falling by -70.5% against the previous year's figure. Overall, imports showed a precipitous decline. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Imports peaked at 196K square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, patent leather imports dropped significantly to $1.4M in 2022. Over the period under review, imports saw a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 9.4% against the previous year. Imports peaked at $4.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Patent Leather in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	2,300	1,230	759	1,255	-18.3%
Brazil	275	41.3	202	67.9	-37.3%
Pakistan	51.4	23.9	13.9	46.1	-3.6%
China	1,035	720	1,439	34.2	-67.9%
South Korea	444	192	51.7	1.4	-85.3%
Taiwan (Chinese)	134	29.9	6.4	N/A	-78.1%
Others	169	87.3	70.0	19.0	-51.7%
Total	4,408	2,325	2,542	1,424	-31.4%

Top Suppliers of Patent Leather to Hong Kong SAR in 2022:

Italy (42.8K square meters)
China (2.3K square meters)
Brazil (2.0K square meters)
Pakistan (1.1K square meters)
South Korea (0.1K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the patent leather market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15112200 - Patent leather, patent laminated leather and metallised leather

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023