In 2023, Italy led global exports of machinery for hide and leather work, including footwear, with notable growth of 1.75%. China followed with an impressive growth of 4.23%. Despite a decline, Germany remains a key player. Emerging markets like Australia and Greece revealed strong year-on-year growth, indicating potential in these regions. Conversely, significant drops were observed in the UK and Portugal. Over the past five years, technological advancements and increased automation have driven steady growth, particularly in Asia, hinting at shifting dynamics.
Looking ahead, further technological innovations and digitalization are expected to shape the sector. Sustainability trends and automation will remain crucial, with countries like China and Italy leading innovation-driven growth. Potential trade and political shifts should be closely monitored, as these could influence market dynamics and export capabilities significantly.
Top countries in Export of Machinery for Hide and Leather Work Including Footwear Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 42.08 | 2023 | +1.67% | +1.75% | View data |
| 2 | 2 China | 30.95 | 2023 | +3.86% | +4.23% | View data |
| 3 | 3 South Korea | 7.58 | 2023 | +2.5% | +2.1% | View data |
| 4 | 4 Germany | 4.4 | 2023 | +0.25% | -1.08% | View data |
| 5 | 5 France | 1.41 | 2023 | +0.39% | +1.31% | View data |
| 6 | 6 Spain | 0.97 | 2023 | -3.95% | -3.89% | View data |
| 7 | 7 United States | 0.8 | 2023 | -5.28% | -4.97% | View data |
| 8 | 8 Brazil | 0.6 | 2023 | -0.25% | +1.66% | View data |
| 9 | 9 Romania | 0.56 | 2023 | +2.77% | +1.49% | View data |
| 10 | 10 Australia | 0.53 | 2023 | +3.43% | +4.34% | View data |
