Indonesia leads the importation of machinery for hide and leather work, including footwear, with a value of $126.6 million in 2023, followed by India and China. Notable increases were observed in Indonesia with a year-on-year rise of 3%, while China experienced a modest expansion of 2%. Conversely, Italy and France faced slight declines of 1.5% and 1% respectively over the same period. The 5-year CAGR shows a robust 4% increase for Indonesia, contrasting with a stagnant growth for the US and Italy.
Future trends to watch for include:
- Increasing automation and technological advancements in machinery.
- Shifts in production locations due to labor costs and trade policies.
- Sustainable and eco-friendly innovations driving market dynamics.
- Growing demand from emerging economies for high-quality leather and footwear products.
Top countries in Top Importers of Machinery for Hide and Leather Work Including Footwear
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Indonesia | 126.6 | 2016 | |
| 2 | 2 India | 82.65 | 2016 | |
| 3 | 3 China | 49.5 | 2016 | |
| 4 | 4 Mexico | 38.94 | 2016 | |
| 5 | 5 Italy | 36.68 | 2016 | |
| 6 | 6 United States | 31.93 | 2016 | |
| 7 | 7 Portugal | 25.2 | 2016 | |
| 8 | 8 France | 21.69 | 2016 | |
| 9 | 9 Turkey | 19.94 | 2016 | |
| 10 | 10 Belgium | 19.25 | 2016 |
