South-Eastern Asia: Patent Leather Market 2024

Patent Leather Market Size in South-Eastern Asia

The Southeast Asian patent leather market declined to $X in 2022, falling by X% against the previous year. In general, consumption showed a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Patent Leather Production in South-Eastern Asia

In value terms, patent leather production fell to $X in 2022 estimated in export price. Overall, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Patent Leather Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of patent leather, patent laminated leather and metallised leather was finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X square meters. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, patent leather exports soared to $X in 2022. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of patent leather, patent laminated leather and metallised leather, namely Vietnam, represented more than two-thirds of total export.

Vietnam was also the fastest-growing in terms of the patent leather, patent laminated leather and metallised leather exports, with a CAGR of X% from 2012 to 2022. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) also remains the largest patent leather supplier in South-Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per square meter in 2022, jumping by X% against the previous year. In general, the export price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Patent Leather Imports

Imports in South-Eastern Asia

In 2022, patent leather imports in South-Eastern Asia declined to X square meters, falling by X% against the year before. Over the period under review, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2021, and then shrank in the following year.

In value terms, patent leather imports contracted modestly to $X in 2022. Overall, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X square meters) and Lao People's Democratic Republic (X square meters) represented roughly X% of total imports in 2022. It was distantly followed by Myanmar (X square meters), the Philippines (X square meters) and Cambodia (X square meters), together comprising a X% share of total imports. The following importers - Vietnam (X square meters) and Thailand (X square meters) - each finished at a X% share of total imports.

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

In value terms, the largest patent leather importing markets in South-Eastern Asia were Indonesia ($X), Lao People's Democratic Republic ($X) and Cambodia ($X), together accounting for X% of total imports. Thailand, Vietnam, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in South-Eastern Asia stood at $X per square meter in 2022, picking up by X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price 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, patent leather import price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per square meter in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Thailand ($X per square meter), while Myanmar ($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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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