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

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

The Asian market for leather further prepared after tanning or crusting reduced slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Leather Further Prepared After Tanning or Crusting in Asia

In value terms, production of leather further prepared after tanning or crusting reduced modestly to $X in 2022 estimated in export price. Overall, production saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Leather Further Prepared After Tanning or Crusting

Exports in Asia

In 2022, overseas shipments of leather further prepared after tanning or crusting increased by X% to X square meters, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of leather further prepared after tanning or crusting stood at $X in 2022. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the main exporter of leather further prepared after tanning or crusting in Asia, with the volume of exports accounting for X square meters, which was approx. X% of total exports in 2022. It was distantly followed by China (X square meters), Taiwan (Chinese) (X square meters) and Cambodia (X square meters), together achieving a X% share of total exports. South Korea (X square meters), Hong Kong SAR (X square meters) and Vietnam (X square meters) followed a long way behind the leaders.

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 Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%), South Korea (X%), China (X%), Taiwan (Chinese) (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.), Vietnam (X p.p.), Taiwan (Chinese) (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest leather further prepared after tanning or crusting supplying countries in Asia were China ($X), Thailand ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports. Cambodia, Hong Kong SAR, South Korea and Vietnam lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Asia amounted to $X per square meter, which is down by X% against the previous year. In general, the export price recorded a pronounced curtailment. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 China ($X per square meter), while Thailand ($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 mixed trends in the export price figures.

Imports of Leather Further Prepared After Tanning or Crusting

Imports in Asia

In 2022, the amount of leather further prepared after tanning or crusting imported in Asia contracted slightly to X square meters, waning by X% compared with the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X square meters. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of leather further prepared after tanning or crusting shrank slightly to $X in 2022. Over the period under review, imports saw a perceptible descent. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Vietnam (X square meters) and China (X square meters) prevails in crusting structure, together creating X% of total imports. Indonesia (X square meters) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (X%). Hong Kong SAR (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

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

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 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 Hong Kong SAR ($X per square meter), while China ($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 Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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