In 2023, Italy dominated the European import market for equine leather by kilograms, holding the largest share, followed by Romania and Spain. Poland, the United Kingdom, and Bulgaria also contributed significantly, but saw a decline in their year-on-year figures. Romania faced a 10% decrease, while Finland showed remarkable growth of over 66%. Other countries like Hungary and Lithuania experienced substantial reductions, with Hungary seeing a drop of over 28% and Lithuania over 42%. As we step into 2024, the Compound Annual Growth Rate (CAGR) analysis over the past five years would provide valuable insights into the stability and growth of these markets.
Looking forward, European markets for equine leather may be influenced by trends such as sustainable practices in leather production and changing trade policies. Italy's leading position might persist, supported by its well-established leather industry, though emerging market dynamics in other countries, such as Greece and Finland, could shift the balance. Monitoring economic changes and regulatory developments will be crucial for a comprehensive understanding of future market movements.
Top countries in Import of Equine Leather Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 25.47 | 2021 | +69.51% | +3% | View data |
| 2 | 2 Romania | 19.52 | 2023 | -8.25% | -10% | View data |
| 3 | 3 Spain | 7.2 | 2021 | +39.32% | -6.6% | View data |
| 4 | 4 Poland | 6.76 | 2023 | -28.83% | -21.49% | View data |
| 5 | 5 United Kingdom | 6.64 | 2023 | -10.99% | -14.17% | View data |
| 6 | 6 Bulgaria | 4.5 | 2023 | -5.73% | -11.24% | View data |
| 7 | 7 Portugal | 4.01 | 2021 | +40.65% | -0.46% | View data |
| 8 | 8 Czechia | 3.91 | 2021 | |||
| 9 | 9 France | 3.84 | 2021 | +21.34% | +0.1% | View data |
| 10 | 10 Germany | 2.57 | 2021 | +5.22% | -13.31% | View data |
