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

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

The Malaysian market for leather further prepared after tanning or crusting shrank modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Leather Further Prepared After Tanning or Crusting in Malaysia

In value terms, production of leather further prepared after tanning or crusting shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Leather Further Prepared After Tanning or Crusting

Exports from Malaysia

In 2022, exports of leather further prepared after tanning or crusting from Malaysia stood at X square meters, growing by X% against 2021. Over the period under review, exports showed a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of leather further prepared after tanning or crusting shrank slightly to $X in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X square meters) was the main destination for exports of leather further prepared after tanning or crusting from Malaysia, accounting for a X% share of total exports. It was followed by Singapore (X square meters), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at X%.

In value terms, Vietnam ($X) remains the key foreign market for leather further prepared after tanning or crusting exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at X%.

Export Prices by Country

The average export price for leather further prepared after tanning or crusting stood at $X per square meter in 2022, falling by X% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2021, and then contracted in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while the average price for exports to Vietnam stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Imports of Leather Further Prepared After Tanning or Crusting

Imports into Malaysia

In 2022, approx. X square meters of leather further prepared after tanning or crusting were imported into Malaysia; with a decrease of X% compared with 2021 figures. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports of hit record highs at X square meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of leather further prepared after tanning or crusting reduced to $X in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Singapore (X square meters) and China (X square meters) were the main suppliers of imports of leather further prepared after tanning or crusting to Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%).

In value terms, Singapore ($X) constituted the largest supplier of leather further prepared after tanning or crusting to Malaysia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore totaled X%.

Import Prices by Country

In 2022, the average import price for leather further prepared after tanning or crusting amounted to $X per square meter, remaining stable against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per square meter in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per square meter), while the price for China stood at $X per square meter.

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

Source: IndexBox Platform

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