Asia: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in Asia

In 2022, the Asian hide preparing machinery market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption recorded a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hide Preparing Machinery Production in Asia

In value terms, hide preparing machinery production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Hide Preparing Machinery Exports

Exports in Asia

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were exported in Asia; rising by X% on the previous year. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, hide preparing machinery exports expanded to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X units, which was near X% of total exports in 2022. Turkey (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machinery for preparing, tanning or working hides, skins or leather exports, with a CAGR of X% from 2012 to 2022. Turkey experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest hide preparing machinery supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In China, hide preparing machinery exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 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 Turkey ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Hide Preparing Machinery Imports

Imports in Asia

In 2022, overseas purchases of machinery for preparing, tanning or working hides, skins or leather increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a slight decline. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hide preparing machinery imports fell to $X in 2022. Overall, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Cambodia (X units), India (X units), Bangladesh (X units), Bahrain (X units), Taiwan (Chinese) (X units), Hong Kong SAR (X units), Armenia (X units), Thailand (X units), China (X units), Turkey (X units), Indonesia (X units) and Pakistan (X units) represented roughly X% of total imports in 2022. Vietnam (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hide preparing machinery importing markets in Asia were China ($X), Turkey ($X) and Vietnam ($X), together comprising X% of total imports. India, Indonesia, Thailand, Bangladesh, Cambodia, Pakistan, Taiwan (Chinese), Hong Kong SAR, Bahrain and Armenia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :