South-Eastern Asia: Market for Tanned or Dressed Furskins 2025

Market Size for Tanned or Dressed Furskins in South-Eastern Asia

The Southeast Asian tanned or dressed furskins market skyrocketed to $X in 2022, with an increase of 15% against the previous year. Over the period under review, consumption posted a resilient increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Tanned or Dressed Furskins in South-Eastern Asia

In value terms, tanned or dressed furskins production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 58% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports in South-Eastern Asia

In 2022, approx. X units of tanned or dressed furskins were exported in South-Eastern Asia; with a decrease of -34.2% against the previous year's figure. In general, exports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 151%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, tanned or dressed furskins exports contracted sharply to $X in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 173% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the largest exporting country with an export of around X units, which amounted to 75% of total exports. It was distantly followed by Malaysia (X units), creating a 19% share of total exports. Vietnam (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the tanned or dressed furskins exports, with a CAGR of +37.9% from 2012 to 2022. Malaysia (-5.3%) and Vietnam (-17.3%) illustrated a downward trend over the same period. Thailand (+70 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Vietnam saw its share reduced by -29.3% and -32.8% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest tanned or dressed furskins supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled +82.2%. In the other countries, the average annual rates were as follows: Malaysia (+23.7% per year) and Vietnam (-5.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, shrinking by -28.4% against the previous year. Overall, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+32.1%), while the other leaders experienced more modest paces of growth.

Imports of Tanned or Dressed Furskins

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in overseas purchases of tanned or dressed furskins, which increased by 7.6% to X units in 2022. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +11.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, tanned or dressed furskins imports amounted to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +25.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 103% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam was the key importer of tanned or dressed furskins in South-Eastern Asia, with the volume of imports amounting to X units, which was near 51% of total imports in 2022. Thailand (X units) held the second position in the ranking, distantly followed by the Philippines (X units) and Cambodia (X units). All these countries together took approx. 44% share of total imports. Indonesia (X units) took a little share of total imports.

Imports into Vietnam decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Cambodia (+61.7%), the Philippines (+26.4%), Thailand (+12.3%) and Indonesia (+5.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +61.7% from 2012-2022. Thailand (+15 p.p.), the Philippines (+13 p.p.) and Cambodia (+5.5 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam saw its share reduced by -34% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported tanned or dressed furskins in South-Eastern Asia, comprising 57% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 18% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (+82.6% per year) and Thailand (+21.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, surging by 3.2% against the previous year. In general, the import price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2016 an increase of 92%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+44.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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