Hong Kong SAR, China: Market for Chamois, Patent and Combination Leather 2024

Market Size for Chamois, Patent and Combination Leather in Hong Kong SAR, China

In 2022, the Hong Kong market for chamois, patent and combination leather increased by 90% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Chamois, Patent and Combination Leather in Hong Kong SAR, China

In value terms, chamois, patent and combination leather production fell to $X in 2022 estimated in export price. Overall, production showed a pronounced decline. The growth pace was the most rapid in 2014 with an increase of 42%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Chamois, Patent and Combination Leather

Exports from Hong Kong SAR, China

In 2022, the amount of chamois, patent and combination leather exported from Hong Kong SAR fell sharply to X square meters, waning by -66.9% against 2021. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 75% against the previous year. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, chamois, patent and combination leather exports dropped markedly to $X in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters) was the main destination for chamois, patent and combination leather exports from Hong Kong SAR, accounting for a 98% share of total exports. It was followed by Indonesia (X square meters), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -17.3%.

In value terms, China ($X) remains the key foreign market for chamois, patent and combination leather exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled -15.3%.

Export Prices by Country

The average export price for chamois, patent and combination leather stood at $X per square meter in 2022, picking up by 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 46% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per square meter), while the average price for exports to Indonesia stood at $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chamois, Patent and Combination Leather

Imports into Hong Kong SAR, China

In 2022, chamois, patent and combination leather imports into Hong Kong SAR reduced rapidly to X square meters, declining by -70.4% on 2021. In general, imports saw a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. Imports peaked at X square meters in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, chamois, patent and combination leather imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X square meters) constituted the largest chamois, patent and combination leather supplier to Hong Kong SAR, with a 88% share of total imports. Moreover, chamois, patent and combination leather imports from Italy exceeded the figures recorded by the second-largest supplier, China (X square meters), more than tenfold. The third position in this ranking was taken by Brazil (X square meters), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-27.7% per year) and Brazil (-25.1% per year).

In value terms, Italy ($X) constituted the largest supplier of chamois, patent and combination leather to Hong Kong SAR, comprising 88% of total imports. The second position in the ranking was taken by Brazil ($X), with a 4.7% share of total imports. It was followed by Pakistan, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-20.8% per year) and Pakistan (-19.3% per year).

Import Prices by Country

The average import price for chamois, patent and combination leather stood at $X per square meter in 2022, picking up by 90% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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