EU: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in the EU

In 2022, the EU hide preparing machinery market increased by 27% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Hide Preparing Machinery Production in the EU

In value terms, hide preparing machinery production shrank notably to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 52%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Hide Preparing Machinery Exports

Exports in the EU

In 2022, after two years of growth, there was significant decline in shipments abroad of machinery for preparing, tanning or working hides, skins or leather, when their volume decreased by -43.7% to X units. Over the period under review, exports recorded a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 91% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hide preparing machinery exports fell to $X in 2022. Overall, exports showed a pronounced slump. The pace of growth was the most pronounced in 2013 with an increase of 29%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Italy prevails in exports structure, accounting for X units, which was near 83% of total exports in 2022. It was distantly followed by Germany (X units), achieving an 8.4% share of total exports. Spain (X units) and Austria (X units) took a minor share of total exports.

Exports from Italy decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, Austria (+19.8%) and Germany (+5.9%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +19.8% from 2012-2022. By contrast, Spain (-3.8%) illustrated a downward trend over the same period. Germany (+4.7 p.p.) and Italy (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest hide preparing machinery supplier in the European Union, comprising 84% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.4% share of total exports. It was followed by Spain, with a 2.7% share.

In Italy, hide preparing machinery exports contracted by an average annual rate of -1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+7.6% per year) and Spain (-3.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, increasing by 62% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Austria ($X per unit) and Italy ($X per unit), while Spain ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the other leaders experienced more modest paces of growth.

Hide Preparing Machinery Imports

Imports in the EU

For the third consecutive year, the European Union recorded growth in purchases abroad of machinery for preparing, tanning or working hides, skins or leather, which increased by 5.9% to X units in 2022. Over the period under review, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 40%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, hide preparing machinery imports expanded significantly to $X in 2022. Overall, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units) represented the key importer of machinery for preparing, tanning or working hides, skins or leather, committing 46% of total imports. France (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Portugal (12%), Poland (12%) and Italy (5.3%). Germany (X units) and Hungary (X units) held a little share of total imports.

Imports into Spain increased at an average annual rate of +25.7% from 2012 to 2022. At the same time, Portugal (+28.4%), France (+14.7%), Hungary (+9.8%), Poland (+9.5%) and Germany (+9.2%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the European Union, with a CAGR of +28.4% from 2012-2022. By contrast, Italy (-3.9%) illustrated a downward trend over the same period. While the share of Spain (+35 p.p.), Portugal (+9.8 p.p.) and France (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (-12.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), France ($X) and Portugal ($X) constituted the countries with the highest levels of imports in 2022, with a combined 52% share of total imports.

Among the main importing countries, Portugal, with a CAGR of +18.1%, saw the highest growth rate of 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, stabilizing at the previous year. Over the period under review, the import price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 19% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :