Portugal: Composition Leather Market 2025

Composition Leather Market Size in Portugal

In 2021, the Portuguese composition leather market decreased by -1.2% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Composition Leather Exports

Exports from Portugal

In 2021, approx. X square meters of composition leather were exported from Portugal; reducing by -62.4% on the year before. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 168% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, composition leather exports dropped markedly to $X in 2021. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 70% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X square meters), China (X square meters) and the UK (X square meters) were the main destinations of composition leather exports from Portugal, together comprising 93% of total exports. These countries were followed by Morocco, Georgia and France, which together accounted for a further 6.8%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +223.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for composition leather exported from Portugal were China ($X), Canada ($X) and the UK ($X), with a combined 87% share of total exports. These countries were followed by Georgia, Morocco and France, which together accounted for a further 12%.

In terms of the main countries of destination, France, with a CAGR of +403.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average composition leather export price stood at $X per square meter in 2021, surging by 56% against the previous year. In general, the export price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2020 an increase of 93%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per square meter), while the average price for exports to Canada ($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 Nigeria (+58.2%), while the prices for the other major destinations experienced mixed trend patterns.

Composition Leather Imports

Imports into Portugal

For the fourth consecutive year, Portugal recorded decline in purchases abroad of composition leather, which decreased by -22.2% to X square meters in 2021. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 16%. Imports peaked at X square meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, composition leather imports dropped slightly to $X in 2021. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 12% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest composition leather supplier to Portugal, accounting for a 61% share of total imports. Moreover, composition leather imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X square meters), twofold. Spain (X square meters) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and Spain (-15.4% per year).

In value terms, Italy ($X), Germany ($X) and Spain ($X) appeared to be the largest composition leather suppliers to Portugal, together accounting for 91% of total imports. These countries were followed by the UK, which accounted for a further 7%.

Among the main suppliers, the UK, with a CAGR of +245.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average composition leather import price amounted to $X per square meter, picking up by 26% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per square meter), while the price for Italy ($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 the UK (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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