EU: Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size in the EU

The EU hide repairing machinery market soared to $X in 2022, rising by 66% against the previous year. Overall, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Hide Repairing Machinery Production in the EU

In value terms, hide repairing machinery production shrank to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 90%. The level of production peaked at $X in 2021, and then declined in the following year.

Hide Repairing Machinery Exports

Exports in the EU

In 2022, the amount of machinery for making or repairing articles of hides, skins or leather exported in the European Union fell to X units, with a decrease of -3.1% against 2021. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +35.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, hide repairing machinery exports reduced to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +24.3% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 55%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy was the largest exporter of machinery for making or repairing articles of hides, skins or leather in the European Union, with the volume of exports accounting for X units, which was near 78% of total exports in 2022. It was distantly followed by France (X units), committing an 11% share of total exports. The following exporters - Spain (X units) and Poland (X units) - each finished at a 4.1% share of total exports.

Exports from Italy increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, Poland (+5.9%) and France (+3.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +5.9% from 2012-2022. By contrast, Spain (-12.0%) illustrated a downward trend over the same period. While the share of Italy (+10 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Spain (-7.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest hide repairing machinery supplier in the European Union, comprising 75% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Spain, with a 2.1% share.

In Italy, hide repairing machinery exports increased at an average annual rate of +5.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (+4.0% per year) and Spain (-4.7% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, falling by -2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2020 an increase of 16%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.2%), while the other leaders experienced more modest paces of growth.

Hide Repairing Machinery Imports

Imports in the EU

In 2022, the amount of machinery for making or repairing articles of hides, skins or leather imported in the European Union declined notably to X units, falling by -25.3% against 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 203%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hide repairing machinery imports dropped to $X in 2022. Overall, imports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2015 with an increase of 116%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of machinery for making or repairing articles of hides, skins or leather, namely France, Poland, Portugal, Italy, Spain, Slovakia, Germany, Lithuania, Croatia, Ireland, Bulgaria and Romania, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hide repairing machinery importing markets in the European Union were France ($X), Portugal ($X) and Italy ($X), with a combined 44% share of total imports. Slovakia, Lithuania, Poland, Spain, Romania, Bulgaria, Croatia, Ireland and Germany lagged somewhat behind, together comprising a further 47%.

In terms of the main importing countries, Lithuania, with a CAGR of +27.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, increasing by 25% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+24.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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