China: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in China

The Chinese hide preparing machinery market fell notably to $X in 2022, dropping by -26.2% against the previous year. Over the period under review, consumption recorded a deep setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Hide Preparing Machinery Production in China

In value terms, hide preparing machinery production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 57%. Hide preparing machinery production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Hide Preparing Machinery Exports

Exports from China

In 2022, the amount of machinery for preparing, tanning or working hides, skins or leather exported from China soared to X units, with an increase of 26% on the year before. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by 82% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hide preparing machinery exports expanded to $X in 2022. Overall, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Vietnam (X units) and India (X units) were the main destinations of hide preparing machinery exports from China, with a combined 54% share of total exports. Cambodia, Indonesia, Japan, Turkey, Bangladesh, Italy, Pakistan, Peru and South Korea lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +70.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for machinery for preparing, tanning or working hides, skins or leather exports from China, comprising 31% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 9.7% share of total exports. It was followed by India, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+54.8% per year) and India (-0.1% per year).

Export Prices by Country

The average hide preparing machinery export price stood at $X per unit in 2022, declining by -19.2% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hide Preparing Machinery Imports

Imports into China

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were imported into China; declining by -35.1% on 2021 figures. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, hide preparing machinery imports fell to $X in 2022. In general, imports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 75%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of hide preparing machinery to China, with a 59% share of total imports. Moreover, hide preparing machinery imports from Italy exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was held by Japan (X units), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.5% per year) and Japan (-3.0% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for preparing, tanning or working hides, skins or leather to China, comprising 83% of total imports. The second position in the ranking was held by France ($X), with a 9.1% share of total imports. It was followed by Germany, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.5% per year) and Germany (+6.6% per year).

Import Prices by Country

In 2022, the average hide preparing machinery import price amounted to $X per unit, growing by 35% against the previous year. Overall, the import price recorded a strong expansion. The growth pace was the most rapid in 2020 when the average import price increased by 173% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+33.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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