Vietnam: Patent Leather Market 2024

Patent Leather Market Size in Vietnam

The Vietnamese patent leather market declined to $X in 2022, dropping by X% against the previous year. In general, consumption recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Patent Leather Production in Vietnam

In value terms, patent leather production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Patent Leather Exports

Exports from Vietnam

In 2022, after two years of decline, there was significant growth in shipments abroad of patent leather, patent laminated leather and metallised leather, when their volume increased by X% to X square meters. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, patent leather exports surged to $X in 2022. In general, exports posted a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters), Myanmar (X square meters) and Taiwan (Chinese) (X square meters) were the main destinations of patent leather exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for patent leather, patent laminated leather and metallised leather exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The average patent leather export price stood at $X per square meter in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Myanmar ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Patent Leather Imports

Imports into Vietnam

In 2022, after ten years of growth, there was significant decline in supplies from abroad of patent leather, patent laminated leather and metallised leather, when their volume decreased by X% to X square meters. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X square meters, and then fell in the following year.

In value terms, patent leather imports shrank to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Italy (X square meters), Tunisia (X square meters) and China (X square meters) were the main suppliers of patent leather imports to Vietnam, together comprising X% of total imports.

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

In value terms, Italy ($X), Tunisia ($X) and China ($X) constituted the largest patent leather suppliers to Vietnam, together accounting for X% of total imports.

Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average patent leather import price amounted to $X per square meter, leveling off at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per square meter, leveling off in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for Singapore ($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 South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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