ASEAN: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in ASEAN

The ASEAN hide preparing machinery market plummeted to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a perceptible downturn. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Hide Preparing Machinery Production in ASEAN

In value terms, hide preparing machinery production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hide Preparing Machinery Exports

Exports in ASEAN

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were exported in ASEAN; growing by X% on 2021. Overall, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, hide preparing machinery exports surged to $X in 2022. Over the period under review, exports saw a strong increase. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) and Malaysia (X units) dominates exports structure, together achieving X% of total exports. It was distantly followed by Vietnam (X units) and Thailand (X units), together mixing up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the largest hide preparing machinery supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Indonesia, hide preparing machinery exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Hide Preparing Machinery Imports

Imports in ASEAN

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were imported in ASEAN; which is down by X% compared with the previous year. In general, imports, however, saw a slight increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hide preparing machinery imports shrank sharply to $X in 2022. Overall, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Cambodia (X units), distantly followed by Thailand (X units), Indonesia (X units), Vietnam (X units), Myanmar (X units), Malaysia (X units) and Singapore (X units) were the key importers of machinery for preparing, tanning or working hides, skins or leather, together committing X% of total imports.

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

In value terms, the largest hide preparing machinery importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), together accounting for X% of total imports. Cambodia, Malaysia, Singapore and Myanmar lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, falling by X% against the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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