In 2023, Italy led global exports of patent and metallised leather, commanding a significant market share, with South Korea and China also featured as major players. Positive year-on-year growth was notable in countries like Bosnia and Herzegovina, Jordan, and India, with Bosnia growing by 38.61%. Conversely, Romania, South Africa, and Bolivia exhibited the most considerable declines, with Romania's exports plummeting by 43.38%. The five-year compound annual growth rate (CAGR) suggests Italy and India are strengthening, while South Korea and Morocco show signs of decline. European countries such as Austria and Hungary recorded consistent growth.
Future trends to watch include potential shifts in manufacturing hubs due to changing trade policies, sustainability practices impacting leather production, and technological advancements in material science. Countries like India and Bosnia, with recent growth, may continue to expand their market presence, while countries with declining exports must address economic and market challenges.
Top countries in Export of Patent Leather and Metallised Leather by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 294,090,000 | 2023 | +0.28% | +1.04% | View data |
| 2 | 2 South Korea | 45,432,000 | 2023 | -6.27% | -4.43% | View data |
| 3 | 3 China | 20,175,000 | 2023 | +3.84% | +0.97% | View data |
| 4 | 4 Spain | 9,280,300 | 2023 | +2.26% | +0.89% | View data |
| 5 | 5 India | 4,391,700 | 2023 | +2.85% | +6.73% | View data |
| 6 | 6 France | 4,378,400 | 2023 | -1.58% | +0.025% | View data |
| 7 | 7 Brazil | 3,670,800 | 2023 | -0.41% | +1.59% | View data |
| 8 | 8 Greece | 3,535,200 | 2023 | +4.65% | -1.94% | View data |
| 9 | 9 Austria | 2,488,800 | 2023 | +1.91% | +1.9% | View data |
| 10 | 10 Hungary | 2,179,500 | 2023 | +3.98% | +2.91% | View data |
