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

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

The East Asian market for leather further prepared after tanning or crusting declined modestly to $X in 2022, leveling off at the previous year. Overall, consumption saw a perceptible descent. The level of consumption peaked 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 Eastern Asia

In value terms, production of leather further prepared after tanning or crusting declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Leather Further Prepared After Tanning or Crusting

Exports in Eastern Asia

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 three years of decline. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X square meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of leather further prepared after tanning or crusting contracted to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X square meters) and Taiwan (Chinese) (X square meters) dominates crusting structure, together mixing up X% of total exports. It was distantly followed by South Korea (X square meters) and Hong Kong SAR (X square meters), together committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, dropping by X% against the previous year. Overall, the export price, however, recorded modest growth. The growth pace was the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per square meter. From 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per square meter) and Hong Kong SAR ($X per square meter), while Taiwan (Chinese) ($X per square meter) and South Korea ($X per square meter) were 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 a decline in the export price figures.

Imports of Leather Further Prepared After Tanning or Crusting

Imports in Eastern Asia

In 2022, the amount of leather further prepared after tanning or crusting imported in Eastern Asia amounted to X square meters, surging by X% against the previous year's figure. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X square meters. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of leather further prepared after tanning or crusting declined to $X in 2022. Over the period under review, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China prevails in crusting structure, resulting at X square meters, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X square meters), creating a X% share of total imports. Taiwan (Chinese) (X square meters) held a minor share of total imports.

China was also the fastest-growing in terms of the leather further prepared after tanning or crusting imports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per square meter, dropping by X% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2017 to 2022, the 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 Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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