Italy: Patent Leather Market 2024

Patent Leather Market Size in Italy

After two years of decline, the Italian patent leather market increased by 15% to $X in 2021. In general, consumption, however, continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Patent Leather Production in Italy

In value terms, patent leather production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2014 with an increase of 21%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Patent Leather Exports

Exports from Italy

In 2021, overseas shipments of patent leather, patent laminated leather and metallised leather were finally on the rise to reach X square meters after five years of decline. In general, exports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 21% against the previous year. The exports peaked at X square meters in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, patent leather exports soared to $X in 2021. Overall, exports, however, showed a perceptible descent. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X square meters), Romania (X square meters) and the United States (X square meters) were the main destinations of patent leather exports from Italy, together accounting for 37% of total exports. These countries were followed by Portugal, Vietnam, Albania, Spain, India, Slovakia, Tunisia, South Korea, Serbia and Germany, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +28.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for patent leather exported from Italy were China ($X), the United States ($X) and Romania ($X), together accounting for 39% of total exports. Vietnam, Portugal, Spain, Slovakia, India, Tunisia, Albania, Germany, Serbia and South Korea lagged somewhat behind, together comprising a further 40%.

Serbia, with a CAGR of +23.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average patent leather export price amounted to $X per square meter, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a slight slump. The pace of growth was the most pronounced in 2018 an increase of 3.8%. The export price peaked at $X per square meter in 2013; however, from 2014 to 2021, the 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 the United States ($X per square meter), while the average price for exports to Albania ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Patent Leather Imports

Imports into Italy

In 2021, approx. X square meters of patent leather, patent laminated leather and metallised leather were imported into Italy; falling by -21.7% on the year before. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, patent leather imports shrank to $X in 2021. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 26%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X square meters) constituted the largest supplier of patent leather to Italy, accounting for a 54% share of total imports. Moreover, patent leather imports from India exceeded the figures recorded by the second-largest supplier, Bulgaria (X square meters), threefold. Greece (X square meters) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at -8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+32.2% per year) and Greece (+113.5% per year).

In value terms, Greece ($X), Bulgaria ($X) and India ($X) constituted the largest patent leather suppliers to Italy, with a combined 70% share of total imports.

Among the main suppliers, Greece, with a CAGR of +137.9%, 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

The average patent leather import price stood at $X per square meter in 2021, increasing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. As a result, import price reached the peak level of $X per square meter. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Greece ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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