The global export market for parts of machinery for the leather industry has notable leaders: Italy dominates with a significant share, closely followed by China, which has seen a rapid growth rate of 10.84%. South Korea and Germany also hold considerable market portions, though Germany's share decreased by 1.66% YOY. Smaller exporters like Australia and Romania are experiencing positive growth.
Future trends to monitor include China's continued expansion and Malaysia's significant growth. Declining trends in countries like the UK and Slovakia highlight potential shifts in market dynamics. Innovations and increased demand in emerging markets may influence future export trends.
Top countries in Export of Parts of Machinery for Leather Industry Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.37 | 2023 | +1.9% | +1.56% | View data |
| 2 | 2 China | 22.67 | 2023 | +5.02% | +10.84% | View data |
| 3 | 3 South Korea | 8.59 | 2023 | +2.15% | +1.34% | View data |
| 4 | 4 Germany | 5.78 | 2023 | -1.2% | -1.66% | View data |
| 5 | 5 Australia | 2.09 | 2023 | +3.84% | +5.31% | View data |
| 6 | 6 United States | 1.71 | 2023 | -1.01% | -2.15% | View data |
| 7 | 7 France | 1.3 | 2023 | -1.62% | -0.54% | View data |
| 8 | 8 Denmark | 1.28 | 2023 | +0.72% | +2.17% | View data |
| 9 | 9 Spain | 1.05 | 2023 | -0.23% | +0.68% | View data |
| 10 | 10 Romania | 0.98 | 2023 | +4.25% | +3.19% | View data |
