ASEAN: Market for Leather Further Prepared After Tanning or Crusting 2024

Market Size for Leather Further Prepared After Tanning or Crusting in ASEAN

The ASEAN market for leather further prepared after tanning or crusting fell modestly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Leather Further Prepared After Tanning or Crusting in ASEAN

In value terms, production of leather further prepared after tanning or crusting shrank modestly to $X in 2022 estimated in export price. In general, production saw a deep setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Leather Further Prepared After Tanning or Crusting

Exports in ASEAN

In 2022, shipments abroad of leather further prepared after tanning or crusting increased by X% to X square meters, rising for the second year in a row after five years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports of hit record highs at X square meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of leather further prepared after tanning or crusting stood at $X in 2022. In general, exports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Thailand was the main exporting country with an export of about X square meters, which resulted at X% of total exports. It was distantly followed by Cambodia (X square meters), achieving a X% share of total exports. Vietnam (X square meters) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to leather further prepared after tanning or crusting exports from Thailand stood at X%. At the same time, Cambodia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cambodia and Thailand increased by X and X percentage points, respectively.

In value terms, Thailand ($X), Cambodia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Cambodia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per square meter, increasing by X% against the previous year. Overall, the export price, however, saw a perceptible decrease. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Thailand ($X per square meter) was amongst the lowest.

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

Imports of Leather Further Prepared After Tanning or Crusting

Imports in ASEAN

In 2022, the amount of leather further prepared after tanning or crusting imported in ASEAN declined to X square meters, dropping by X% on the previous year's figure. Over the period under review, imports, however, posted a perceptible expansion. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports of attained the maximum at X square meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of leather further prepared after tanning or crusting amounted to $X in 2022. Overall, imports, however, showed tangible growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam was the main importer of leather further prepared after tanning or crusting in ASEAN, with the volume of imports accounting for X square meters, which was near X% of total imports in 2022. Indonesia (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (X%). The following importers - the Philippines (X square meters) and Myanmar (X square meters) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to leather further prepared after tanning or crusting imports into Vietnam stood at X%. At the same time, the Philippines (X%), Myanmar (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam and the Philippines increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported leather further prepared after tanning or crusting in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per square meter, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per square meter), while Cambodia ($X 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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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