Eastern Asia: Market for Tanned or Dressed Furskins 2025

Market Size for Tanned or Dressed Furskins in Eastern Asia

For the third consecutive year, the East Asian tanned or dressed furskins market recorded decline in sales value, which decreased by -43.4% to $X in 2022. In general, consumption saw a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Tanned or Dressed Furskins in Eastern Asia

In value terms, tanned or dressed furskins production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 10% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Tanned or Dressed Furskins

Exports in Eastern Asia

Tanned or dressed furskins exports dropped remarkably to X units in 2022, which is down by -21.4% compared with 2021. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 134%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, tanned or dressed furskins exports fell notably to $X in 2022. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 39%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. 97% of total exports in 2022. Hong Kong SAR (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the tanned or dressed furskins exports, with a CAGR of -3.8% from 2012 to 2022. Hong Kong SAR (-28.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +31 percentage points.

In value terms, China ($X) remains the largest tanned or dressed furskins supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -14.6%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, shrinking by -11.6% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2013 when the export price increased by 14%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-2.5%).

Imports of Tanned or Dressed Furskins

Imports in Eastern Asia

In 2022, the amount of tanned or dressed furskins imported in Eastern Asia reduced markedly to X units, declining by -34.6% compared with 2021. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 157% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tanned or dressed furskins imports fell remarkably to $X in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 121%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China represented the main importer of tanned or dressed furskins in Eastern Asia, with the volume of imports finishing at X units, which was near 74% of total imports in 2022. South Korea (X units) ranks second in terms of the total imports with a 17% share, followed by Hong Kong SAR (6.6%). Japan (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tanned or dressed furskins imports into China stood at -8.6%. Japan (-2.9%), South Korea (-5.5%) and Hong Kong SAR (-27.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and Japan increased by +27, +9 and +1.7 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported tanned or dressed furskins in Eastern Asia, comprising 84% of total imports. The second position in the ranking was held by South Korea ($X), with a 10% share of total imports. It was followed by Hong Kong SAR, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +5.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-8.6% per year) and Hong Kong SAR (-33.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, dropping by -34.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 102%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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