China: Hide Repairing Machinery Market 2025

Hide Repairing Machinery Market Size in China

The Chinese hide repairing machinery market shrank dramatically to $X in 2022, waning by -58.3% against the previous year. Overall, consumption showed a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Hide Repairing Machinery Production in China

In value terms, hide repairing machinery production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild decline. The most prominent rate of growth was recorded in 2013 with an increase of 5.7% against the previous year. Hide repairing machinery production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Hide Repairing Machinery Exports

Exports from China

In 2022, hide repairing machinery exports from China skyrocketed to X units, growing by 77% compared with 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 133% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, hide repairing machinery exports expanded significantly to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 52% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Bangladesh (X units) and Vietnam (X units) were the main destinations of hide repairing machinery exports from China, together accounting for 38% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +113.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hide repairing machinery exported from China were Vietnam ($X), Bangladesh ($X) and India ($X), together comprising 44% of total exports.

Bangladesh, with a CAGR of +83.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hide repairing machinery export price amounted to $X per unit, which is down by -38.8% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2013 an increase of 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-4.6%), while the prices for the other major destinations experienced a decline.

Hide Repairing Machinery Imports

Imports into China

In 2022, overseas purchases of machinery for making or repairing articles of hides, skins or leather increased by 204% to X units, rising for the second consecutive year after three years of decline. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 396% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, hide repairing machinery imports soared to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 352% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest hide repairing machinery supplier to China, accounting for a 43% share of total imports. Moreover, hide repairing machinery imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), fourfold. The third position in this ranking was taken by the United States (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.3% per year) and the United States (+4.4% per year).

In value terms, Germany ($X) constituted the largest supplier of machinery for making or repairing articles of hides, skins or leather to China, comprising 52% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.4% per year) and France (-4.6% per year).

Import Prices by Country

The average hide repairing machinery import price stood at $X per unit in 2022, shrinking by -57.8% against the previous year. Over the period under review, the import price recorded a drastic downturn. The growth pace was the most rapid in 2018 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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