Spain: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Spain

The Spanish tanned or dressed furskins market declined slightly to $X in 2022, reducing by -1.6% against the previous year. In general, consumption, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when the market value increased by 8% against the previous year. Tanned or dressed furskins consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Tanned or Dressed Furskins in Spain

In value terms, tanned or dressed furskins production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 23%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports from Spain

Tanned or dressed furskins exports from Spain contracted to X units in 2022, waning by -14.5% compared with the previous year. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 48%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports stood at $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for tanned or dressed furskins exports from Spain, accounting for a 69% share of total exports. Moreover, tanned or dressed furskins exports to Italy exceeded the volume sent to the second major destination, France (X units), tenfold. The third position in this ranking was taken by Turkey (X units), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.0% per year) and Turkey (-6.9% per year).

In value terms, Italy ($X) remains the key foreign market for tanned or dressed furskins exports from Spain, comprising 47% of total exports. The second position in the ranking was held by China ($X), with a 9.5% share of total exports. It was followed by Turkey, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.8% per year) and Turkey (-15.0% per year).

Export Prices by Country

In 2022, the average tanned or dressed furskins export price amounted to $X per unit, increasing by 19% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tanned or dressed furskins export price increased by +115.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 45%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+26.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tanned or Dressed Furskins

Imports into Spain

In 2022, purchases abroad of tanned or dressed furskins decreased by -26.2% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 41%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, tanned or dressed furskins imports skyrocketed to $X in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 25%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X units), Italy (X units) and China (X units) were the main suppliers of tanned or dressed furskins imports to Spain, together comprising 89% of total imports. Turkey, France and Argentina lagged somewhat behind, together accounting for a further 7.6%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +3.3%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), China ($X) and Turkey ($X) were the largest tanned or dressed furskins suppliers to Spain, with a combined 87% share of total imports.

Among the main suppliers, Italy, with a CAGR of -1.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average tanned or dressed furskins import price stood at $X per unit in 2022, increasing by 63% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tanned or dressed furskins import price increased by +100.7% against 2020 indices. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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