Belgium: Leather Market 2024

Leather Market Size in Belgium

The Belgian leather market surged to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a remarkable increase 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, consumption decreased by X% against 2018 indices. Leather consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Leather Production in Belgium

In value terms, leather production reduced to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Leather Exports

Exports from Belgium

After two years of growth, shipments abroad of leather decreased by X% to X square meters in 2022. In general, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, leather exports contracted to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X square meters) was the main destination for leather exports from Belgium, with a X% share of total exports. Moreover, leather exports to Thailand exceeded the volume sent to the second major destination, Italy (X square meters), fourfold. The third position in this ranking was taken by China (X square meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and China (X% per year).

In value terms, the largest markets for leather exported from Belgium were France ($X), Italy ($X) and Thailand ($X), together accounting for X% of total exports.

Among the main countries of destination, Thailand, 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 more modest paces of growth.

Export Prices by Country

The average leather export price stood at $X per square meter in 2021, declining by X% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per square meter), while the average price for exports to Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Imports

Imports into Belgium

In 2022, imports of leather into Belgium dropped remarkably to X square meters, declining by X% against the previous year's figure. Overall, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters, and then dropped significantly in the following year.

In value terms, leather imports reduced remarkably to $X in 2022. Over the period under review, imports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X square meters), Italy (X square meters) and Slovakia (X square meters) were the main suppliers of leather imports to Belgium, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), the UK ($X) and Slovakia ($X) appeared to be the largest leather suppliers to Belgium, together comprising X% of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average leather import price amounted to $X per square meter, falling by X% against the previous year. Overall, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Slovakia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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