Top Exporters of Machinery for Hide and Leather Work Including Footwear

In 2023, Italy dominated the global market as the leading exporter of machinery for hide and leather work, including footwear, with exports valued at 442.7 million USD. China followed with a significant gap but still substantial at 274.01 million USD. South Korea, despite its smaller size, made its presence known with 73.58 million USD in exports. Germany and Spain also featured in the top five, although with notably lower export values of 43.62 million USD and 16.61 million USD, respectively.

Trends over the past years indicate a steady growth in this sector, with notable year-on-year increases particularly in China and Italy. The last five years saw a compounded annual growth rate reflecting consistent demand for machinery used in the leather industry. Developed countries such as Germany and France show smaller year-on-year variations, suggesting a mature market.

Future trends to watch include:

• An increase in demand from emerging economies, potentially boosting exports from China and South Korea.
• Technological advancements in machinery, which may shift the competitive landscape, favoring countries with high innovation capacities.
• Sustainability and leather alternatives, which could influence machinery types and usage.
• Trade policies and tariffs that might impact the global supply chain and export dynamics.