Eastern Asia: Patent Leather Market 2024

Patent Leather Market Size in Eastern Asia

The East Asian patent leather market contracted slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a mild setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Patent Leather Production in Eastern Asia

In value terms, patent leather production declined to $X in 2022 estimated in export price. Overall, production saw a mild setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Patent Leather Exports

Exports in Eastern Asia

Patent leather exports contracted dramatically to X square meters in 2022, dropping by X% on 2021 figures. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, patent leather exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Korea (X square meters) was the key exporter of patent leather, patent laminated leather and metallised leather, committing X% of total exports. Taiwan (Chinese) (X square meters) ranks second in terms of the total exports with a X% share, followed by China (X%). Hong Kong SAR (X square meters) followed a long way behind the leaders.

Exports from South Korea decreased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Taiwan (Chinese) increased by X and X percentage points, respectively.

In value terms, South Korea ($X) remains the largest patent leather supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In South Korea, patent leather exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per square meter, flattening at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per square meter), while Taiwan (Chinese) ($X per square meter) was amongst the lowest.

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

Patent Leather Imports

Imports in Eastern Asia

In 2022, imports of patent leather, patent laminated leather and metallised leather in Eastern Asia contracted notably to X square meters, shrinking by X% against the year before. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, patent leather imports shrank notably to $X in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) represented the major importer of patent leather, patent laminated leather and metallised leather, committing X% of total imports. It was distantly followed by South Korea (X square meters), committing a X% share of total imports. Hong Kong SAR (X square meters) held a relatively small share of total imports.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by X percentage points.

In value terms, China ($X) constitutes the largest market for imported patent leather, patent laminated leather and metallised leather in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports.

In China, patent leather imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per square meter in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while South Korea ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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