In 2023, Italy led the global export of parts of machinery for the leather industry, showcasing a modest growth rate of 1.56%. China displayed a significant increase with a 10.84% rise, while South Korea also experienced growth. In contrast, the United States and Germany faced declines. Emerging markets like Malaysia and Hungary recorded robust growth rates, with notable gains of 12.92% and 32.27% respectively. The United Kingdom and Slovakia saw considerable contractions. Regions like South America and Eastern Europe, including Chile and Bulgaria, showed remarkable growth.
Future trends to watch include further advancements in automation technology and sustainable machinery developments, which may impact export dynamics. Additionally, geopolitical factors and trade policies could significantly influence the export landscape, with countries adapting to new market demands and technological innovations.
Top countries in Export of Parts of Machinery for Leather Industry by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 125,700,000 | 2023 | +1.9% | +1.56% | View data |
| 2 | 2 China | 67,257,000 | 2023 | +5.02% | +10.84% | View data |
| 3 | 3 South Korea | 25,485,000 | 2023 | +2.15% | +1.34% | View data |
| 4 | 4 Germany | 17,147,000 | 2023 | -1.2% | -1.66% | View data |
| 5 | 5 Australia | 6,204,500 | 2023 | +3.84% | +5.31% | View data |
| 6 | 6 United States | 5,069,600 | 2023 | -1.01% | -2.15% | View data |
| 7 | 7 France | 3,859,800 | 2023 | -1.62% | -0.54% | View data |
| 8 | 8 Denmark | 3,809,300 | 2023 | +0.72% | +2.17% | View data |
| 9 | 9 Spain | 3,104,500 | 2023 | -0.23% | +0.68% | View data |
| 10 | 10 Romania | 2,916,900 | 2023 | +4.25% | +3.19% | View data |
