Eastern Asia: Hide Preparing Machinery Market 2025

Hide Preparing Machinery Market Size in Eastern Asia

The East Asian hide preparing machinery market dropped remarkably to $X in 2022, declining by -22.6% against the previous year. Over the period under review, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Hide Preparing Machinery Production in Eastern Asia

In value terms, hide preparing machinery production fell modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 51% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Hide Preparing Machinery Exports

Exports in Eastern Asia

In 2022, exports of machinery for preparing, tanning or working hides, skins or leather in Eastern Asia surged to X units, growing by 23% compared with 2021. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 74%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, hide preparing machinery exports declined slightly to $X in 2022. Total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 +36.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 41%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of machinery for preparing, tanning or working hides, skins or leather, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the machinery for preparing, tanning or working hides, skins or leather exports, with a CAGR of +10.0% from 2012 to 2022. From 2012 to 2022, the share of China increased by +7.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest hide preparing machinery supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at +4.4%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, dropping by -21.2% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 17%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.1% per year.

Hide Preparing Machinery Imports

Imports in Eastern Asia

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were imported in Eastern Asia; dropping by -24.2% on the year before. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2015 with an increase of 25% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, hide preparing machinery imports reduced sharply to $X in 2022. In general, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X units) and China (X units) represented roughly 75% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X units), South Korea (X units) and Japan (X units), together mixing up a 24% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +12.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported machinery for preparing, tanning or working hides, skins or leather in Eastern Asia, comprising 83% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.9% share of total imports. It was followed by Japan, with a 6.5% share.

In China, hide preparing machinery imports decreased by an average annual rate of -2.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-4.1% per year) and Japan (-1.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, declining by -6.7% against the previous year. In general, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2020 an increase of 89%. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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