EU: Composition Leather Market 2024

Composition Leather Market Size in the EU

In 2021, after four years of decline, there was significant growth in the EU composition leather market, when its value increased by 5.6% to $X. Over the period under review, consumption continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the market value increased by 7.4%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Composition Leather Production in the EU

In value terms, composition leather production rose sharply to $X in 2021 estimated in export price. In general, production, however, recorded a drastic downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Composition Leather Exports

Exports in the EU

In 2021, shipments abroad of composition leather was finally on the rise to reach X square meters after six years of decline. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports reached the peak figure at X square meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, composition leather exports soared to $X in 2021. Overall, exports, however, saw a noticeable decline. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany was the main exporter of composition leather in the European Union, with the volume of exports recording X square meters, which was approx. 52% of total exports in 2021. Italy (X square meters) ranks second in terms of the total exports with a 29% share, followed by Spain (5.8%). Slovenia (X square meters) and France (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of +37.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Germany ($X), Italy ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 83% of total exports. These countries were followed by France and Slovenia, which together accounted for a further 9.4%.

In terms of the main exporting countries, France, with a CAGR of +38.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per square meter, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2020 when the export price increased by 13%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was France ($X per square meter), while Slovenia ($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 Italy (+3.5%), while the other leaders experienced more modest paces of growth.

Composition Leather Imports

Imports in the EU

In 2021, imports of composition leather in the European Union fell to X square meters, with a decrease of -5.5% on the previous year. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. The volume of import peaked at X square meters in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, composition leather imports rose rapidly to $X in 2021. Over the period under review, imports continue to indicate a deep setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters), distantly followed by Portugal (X square meters), Romania (X square meters), Spain (X square meters), the Netherlands (X square meters), France (X square meters), the Czech Republic (X square meters), Poland (X square meters) and Denmark (X square meters) represented the largest importers of composition leather, together mixing up 87% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +34.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest composition leather importing markets in the European Union were France ($X), Italy ($X) and the Netherlands ($X), together comprising 42% of total imports. Romania, Poland, Portugal, Denmark, Spain and the Czech Republic lagged somewhat behind, together comprising a further 34%.

Denmark, with a CAGR of +27.8%, recorded the highest growth rate of the value of imports, in terms of 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 2021, the import price in the European Union amounted to $X per square meter, rising by 20% against the previous year. Import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, composition leather import price increased by +95.9% against 2017 indices. The pace of growth appeared the most rapid in 2020 an increase of 26% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per square meter), while Spain ($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 Poland (+15.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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