Global Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size

The global hide repairing machinery market surged to $X in 2022, with an increase of 22% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hide Repairing Machinery Production

In value terms, hide repairing machinery production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19%. Over the period under review, global production reached the peak level at $X in 2021, and then shrank slightly in the following year.

Hide Repairing Machinery Exports

Exports

In 2022, the amount of machinery for making or repairing articles of hides, skins or leather exported worldwide soared to X units, growing by 16% against 2021 figures. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 39%. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, hide repairing machinery exports declined to $X in 2022. Over the period under review, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 38%. Over the period under review, the global exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units) and China (X units) represented roughly 70% of total exports in 2022. It was distantly followed by Italy (X units), constituting a 17% share of total exports. France (X units) and the United States (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +25.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($X), Taiwan (Chinese) ($X) and China ($X) were the countries with the highest levels of exports in 2022, together accounting for 79% of global exports.

China, with a CAGR of +10.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hide repairing machinery export price amounted to $X per unit, shrinking by -17.1% against the previous year. Over the period under review, the export price recorded a slight contraction. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. The global export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while China ($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 (+1.9%), while the other global leaders experienced more modest paces of growth.

Hide Repairing Machinery Imports

Imports

In 2022, purchases abroad of machinery for making or repairing articles of hides, skins or leather was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hide repairing machinery imports surged to $X in 2022. Overall, total imports indicated buoyant 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 +60.2% against 2020 indices. Global imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia was the main importing country with an import of around X units, which resulted at 48% of total imports. It was distantly followed by Vietnam (X units), comprising an 18% share of total imports. The United States (X units), India (X units), South Korea (X units) and China (X units) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +6.3% from 2012 to 2022. At the same time, the United States (+14.6%), South Korea (+9.6%), Vietnam (+8.5%) and China (+6.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of +14.6% from 2012-2022. By contrast, India (-5.7%) illustrated a downward trend over the same period. While the share of Indonesia (+14 p.p.), Vietnam (+7.7 p.p.) and the United States (+2.4 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of India (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported machinery for making or repairing articles of hides, skins or leather worldwide, comprising 42% of global imports. The second position in the ranking was taken by Vietnam ($X), with a 16% share of global imports. It was followed by India, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled +12.1%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+10.2% per year) and India (-1.1% per year).

Import Prices by Country

The average hide repairing machinery import price stood at $X per unit in 2022, picking up by 7% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2017 an increase of 23%. Global import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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