Benelux: Composition Leather Market 2024

Composition Leather Market Size in Benelux

After three years of decline, the Benelux composition leather market increased by 13% to $X in 2021. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Composition Leather Production in Benelux

In value terms, composition leather production totaled $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 42%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Composition Leather Exports

Exports in Benelux

Composition leather exports skyrocketed to X square meters in 2021, with an increase of 54% against 2020. Over the period under review, exports recorded noticeable growth. The volume of export peaked at X square meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, composition leather exports rose markedly to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 62% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Belgium (X square meters), followed by the Netherlands (X square meters) were the major exporters of composition leather, together committing 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +14.5%).

In value terms, the Netherlands ($X) remains the largest composition leather supplier in Benelux, comprising 83% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports.

In the Netherlands, composition leather exports expanded at an average annual rate of +4.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per square meter, waning by -29.1% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the export price increased by 46%. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per square meter), while Belgium amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%).

Composition Leather Imports

Imports in Benelux

For the third year in a row, Benelux recorded growth in purchases abroad of composition leather, which increased by 35% to X square meters in 2021. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by 156%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, composition leather imports surged to $X in 2021. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 210% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X square meters) was the major importer of composition leather, constituting 81% of total imports. It was distantly followed by Belgium (X square meters), making up an 18% share of total imports.

The Netherlands was also the fastest-growing in terms of the composition leather imports, with a CAGR of +7.7% from 2012 to 2021. At the same time, Belgium (+6.4%) displayed positive paces of growth. Belgium (-1.8 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported composition leather in Benelux, comprising 86% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports.

In the Netherlands, composition leather imports expanded at an average annual rate of +22.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per square meter, which is down by -1.9% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2014 an increase of 87% against the previous year. The level of import peaked at $X per square meter in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while Belgium amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :