Europe: Artificial Fur Market 2024

Artificial Fur Market Size in Europe

The Europe artificial fur market reduced markedly to $X in 2022, shrinking by -30.8% against the previous year. In general, consumption continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Artificial Fur Production in Europe

In value terms, artificial fur production surged to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +103.5% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Artificial Fur Exports

Exports in Europe

In 2022, exports of artificial fur in Europe declined sharply to X tons, with a decrease of -22.2% against the year before. In general, exports, however, enjoyed a moderate increase. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports attained the peak of X tons, and then declined sharply in the following year.

In value terms, artificial fur exports reduced to $X in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

The biggest shipments were from Italy (X tons), Belarus (X tons), the Netherlands (X tons), Russia (X tons) and Poland (X tons), together accounting for 64% of total export. France (X tons) ranks next in terms of the total exports with a 5% share, followed by Belgium (4.6%). The following exporters - Portugal (X tons), Germany (X tons), Denmark (X tons), Ukraine (X tons), the Czech Republic (X tons) and Sweden (X tons) - together made up 17% of total exports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +58.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, with a combined 68% share of total exports. Germany, Poland, Belarus, Russia, Denmark, Portugal, Belgium, the Czech Republic, Sweden and Ukraine lagged somewhat behind, together accounting for a further 23%.

Portugal, with a CAGR of +31.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2020 an increase of 22%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.1%), while the other leaders experienced more modest paces of growth.

Artificial Fur Imports

Imports in Europe

In 2022, purchases abroad of artificial fur decreased by -4.8% to X tons, falling for the third year in a row after five years of growth. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -37.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 44%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, artificial fur imports expanded rapidly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of artificial fur, namely Russia, Belarus and Italy, represented more than half of total import. It was distantly followed by the UK (X tons) and France (X tons), together achieving a 12% share of total imports. The Netherlands (X tons), Germany (X tons), Poland (X tons), Ukraine (X tons), Finland (X tons), Switzerland (X tons), Denmark (X tons) and Sweden (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported artificial fur in Europe, comprising 28% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy stood at +10.8%. The remaining importing countries recorded the following average annual rates of imports growth: France (+8.3% per year) and the Netherlands (+13.2% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the import price showed modest growth. The most prominent rate of growth was recorded in 2017 when the import price increased by 18%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform