In 2023, Italy dominated the global export market of patent leather and metallised leather, holding a commanding market share, followed by South Korea and China. Despite South Korea's significant market position, it saw a year-on-year decline in its export value, contrasting with Italy and other emerging players like India, Hungary, and Jordan, which showed robust growth. Notably, Bosnia and Herzegovina witnessed the highest year-on-year growth rate, while countries like Romania and South Africa experienced substantial declines.
Looking ahead, future trends to watch include the potential growth in Eastern European countries, which are exhibiting a consistent positive trend, as well as monitoring shifts in Asian markets such as South Korea and China. Technological advancements and evolving consumer preferences in fashion could further impact the dynamics of this market sector.
Top countries in Export of Patent Leather and Metallised Leather Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 74.33 | 2023 | +0.28% | +1.04% | View data |
| 2 | 2 South Korea | 11.48 | 2023 | -6.27% | -4.43% | View data |
| 3 | 3 China | 5.1 | 2023 | +3.84% | +0.97% | View data |
| 4 | 4 Spain | 2.35 | 2023 | +2.26% | +0.89% | View data |
| 5 | 5 India | 1.11 | 2023 | +2.85% | +6.73% | View data |
| 6 | 6 France | 1.11 | 2023 | -1.58% | +0.025% | View data |
| 7 | 7 Brazil | 0.93 | 2023 | -0.41% | +1.59% | View data |
| 8 | 8 Greece | 0.89 | 2023 | +4.65% | -1.94% | View data |
| 9 | 9 Austria | 0.63 | 2023 | +1.91% | +1.9% | View data |
| 10 | 10 Hungary | 0.55 | 2023 | +3.98% | +2.91% | View data |
