In 2023, Italy led the global export market of machinery to prepare, tan, and work hides, skins, and leather, commanding a significant share. It was followed by China and Germany, both maintaining substantial market positions. Notable increases were observed for countries like Japan, Austria, and Estonia, which saw significant year-on-year growth. However, Spain and the United Kingdom experienced declines, indicating possible challenges or shifts in these markets. The general trend over the last five years showed moderate growth with variations across regions influenced by local economic conditions and industrial capabilities.
Future trends to watch include the potential influence of sustainability and eco-friendly processes in the leather industry, which may drive market dynamics and technological advancements. Rising demand from emerging economies could further shift export shares, with companies potentially expanding into new markets. Additionally, the role of trade agreements and geopolitical developments will be critical to monitor as they may impact supply chains and export opportunities.
Top countries in Export of Machinery To Prepare, Tan, Work Hides, Skins, Leather Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 59.26 | 2023 | +1.71% | +2.11% | View data |
| 2 | 2 China | 19 | 2023 | +3.93% | +4.29% | View data |
| 3 | 3 Germany | 5.51 | 2023 | +3.31% | +1.42% | View data |
| 4 | 4 South Korea | 2.36 | 2023 | +0.74% | -1.81% | View data |
| 5 | 5 United States | 1.03 | 2023 | -1.99% | -1.44% | View data |
| 6 | 6 Spain | 1 | 2023 | -11.07% | -10.65% | View data |
| 7 | 7 Brazil | 0.9 | 2023 | +2.58% | +4.36% | View data |
| 8 | 8 France | 0.74 | 2023 | -2.26% | -0.44% | View data |
| 9 | 9 Poland | 0.64 | 2023 | -2.93% | +4.71% | View data |
| 10 | 10 Japan | 0.64 | 2023 | +5.67% | +13.15% | View data |
