EU: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in the EU

The EU tanned or dressed furskins market declined to $X in 2022, waning by -11.4% against the previous year. Overall, consumption, however, saw a slight expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Tanned or Dressed Furskins in the EU

In value terms, tanned or dressed furskins production contracted to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Tanned or Dressed Furskins

Exports in the EU

In 2022, tanned or dressed furskins exports in the European Union fell to X units, declining by -5.9% on 2021. In general, exports saw a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by 23%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tanned or dressed furskins exports declined to $X in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units) and Portugal (X units) represented the major exporters of tanned or dressed furskins in 2022, accounting for approx. 26% and 22% of total exports, respectively. It was distantly followed by Germany (X units), France (X units), the Netherlands (X units), Poland (X units) and Italy (X units), together comprising a 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +8.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest tanned or dressed furskins supplying countries in the European Union were Italy ($X), Spain ($X) and Germany ($X), with a combined 55% share of total exports.

In terms of the main exporting countries, Spain, with a CAGR of -8.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2013 when the export price increased by 39%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tanned or Dressed Furskins

Imports in the EU

In 2022, approx. X units of tanned or dressed furskins were imported in the European Union; waning by -11.5% on 2021. Over the period under review, imports showed a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tanned or dressed furskins imports reduced slightly to $X in 2022. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany was the main importer of tanned or dressed furskins in the European Union, with the volume of imports resulting at X units, which was approx. 32% of total imports in 2022. It was distantly followed by Italy (X units), the Netherlands (X units), Sweden (X units), Spain (X units) and Denmark (X units), together constituting a 47% share of total imports. The following importers - Belgium (X units), Austria (X units), France (X units), Greece (X units) and Portugal (X units) - together made up 13% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tanned or dressed furskins imports into Germany stood at +1.9%. At the same time, the Netherlands (+2.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +2.6% from 2012-2022. By contrast, Belgium (-1.6%), Denmark (-2.2%), Sweden (-3.0%), Austria (-4.0%), Portugal (-4.4%), Italy (-5.3%), France (-9.6%), Spain (-11.5%) and Greece (-14.6%) illustrated a downward trend over the same period. While the share of Germany (+15 p.p.) and the Netherlands (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (-1.8 p.p.), France (-1.9 p.p.), Greece (-4.6 p.p.) and Spain (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tanned or dressed furskins importing markets in the European Union were Italy ($X), Germany ($X) and Sweden ($X), with a combined 58% share of total imports.

In terms of the main importing countries, Sweden, with a CAGR of -2.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, growing by 8.4% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 when the import price increased by 12% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Greece ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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