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 shrank to $X in 2023, dropping by X% against the previous year. Overall, consumption continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a 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 shrank slightly to $X in 2023 estimated in export price. In general, production showed a deep reduction. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Leather Further Prepared After Tanning or Crusting

Exports in Eastern Asia

In 2023, overseas shipments of leather further prepared after tanning or crusting decreased by X% to X square meters for the first time since 2020, thus ending a two-year rising trend. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X square meters in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, exports of leather further prepared after tanning or crusting reduced to $X in 2023. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

China was the largest exporter of leather further prepared after tanning or crusting in Eastern Asia, with the volume of exports recording X square meters, which was approx. X% of total exports in 2023. Taiwan (Chinese) (X square meters) ranks second in terms of the total exports with a X% share, followed by South Korea (X%). Hong Kong SAR (X square meters) held a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest leather further prepared after tanning or crusting supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per square meter, falling by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Leather Further Prepared After Tanning or Crusting

Imports in Eastern Asia

In 2023, overseas purchases of leather further prepared after tanning or crusting decreased by X% to X square meters, falling for the third year in a row after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. From 2016 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of leather further prepared after tanning or crusting reduced notably to $X in 2023. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

In 2023, China (X square meters) represented the key importer of leather further prepared after tanning or crusting, achieving X% of total imports. Taiwan (Chinese) (X square meters) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%).

From 2012 to 2023, average annual rates of growth with regard to leather further prepared after tanning or crusting imports into China stood at X%. Taiwan (Chinese) (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2023, respectively.

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.

In China, imports of leather further prepared after tanning or crusting shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2023, reducing by X% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per square meter in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Taiwan (Chinese) ($X per square meter) was amongst the lowest.

From 2012 to 2023, 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