In 2023, China emerged as the leading exporter of parts of machinery for the leather industry, accounting for 33.91% of global exports by weight. Close behind, Italy held 32.15% of the market. South Korea, Germany, and Slovenia followed, with noteworthy growth seen in Slovenia's exports surging by 195.41% year-on-year. Despite its smaller share, Bosnia and Herzegovina experienced a 70.81% increase in exports. However, countries like France, Singapore, and India registered declines. Over a five-year period, China has consistently seen a growth trend, whereas several European exporters have shown fluctuating performances.
Looking forward, anticipation lies in the potential shift of market dynamics influenced by technological advancements in machinery and cost-effective manufacturing practices in Asia. Climate change policies in major exporting countries may also alter production capacities and export volumes. Thus, keeping an eye on legislative changes and technological innovations will be critical for forecasting future trends in this sector.
Top countries in Export of Parts of Machinery for Leather Industry Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 33.91 | 2023 | +4.09% | +6.27% | View data |
| 2 | 2 Italy | 32.15 | 2023 | +0.8% | +1.18% | View data |
| 3 | 3 South Korea | 11.33 | 2023 | -0.15% | -0.44% | View data |
| 4 | 4 Germany | 3.33 | 2023 | -1.46% | -2.83% | View data |
| 5 | 5 Slovenia | 3.01 | 2023 | +4.48% | +195.41% | View data |
| 6 | 6 Romania | 2.82 | 2023 | +4.44% | +3.38% | View data |
| 7 | 7 Australia | 1.14 | 2023 | +4.93% | +5.12% | View data |
| 8 | 8 Spain | 1.04 | 2023 | -1.97% | -1.41% | View data |
| 9 | 9 United Kingdom | 0.7 | 2023 | -5.61% | -0.15% | View data |
| 10 | 10 Thailand | 0.63 | 2023 | +4.12% | +1.9% | View data |
