Europe: Composition Leather Market 2024

Composition Leather Market Size in Europe

In 2021, the Europe composition leather market was finally on the rise to reach $X after four years of decline. Overall, consumption recorded a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Composition Leather Production in Europe

In value terms, composition leather production expanded markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when the production volume increased by 9.4%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Composition Leather Exports

Exports in Europe

After six years of decline, shipments abroad of composition leather increased by 19% to X square meters in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The volume of export peaked at X square meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, composition leather exports surged to $X in 2021. Overall, exports, however, recorded a pronounced curtailment. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany represented the key exporter of composition leather in Europe, with the volume of exports amounting to X square meters, which was near 50% of total exports in 2021. Italy (X square meters) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Spain (5.5%). Slovenia (X square meters), France (X square meters) and the UK (X square meters) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by France (with a CAGR of +37.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest composition leather supplying countries in Europe were Germany ($X), the UK ($X) and Italy ($X), with a combined 79% share of total exports. Spain, France and Slovenia lagged somewhat behind, together accounting for a further 15%.

France, with a CAGR of +38.9%, 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 leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per square meter, growing by 6.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2016 an increase of 11%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per square meter), while Slovenia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the other leaders experienced more modest paces of growth.

Composition Leather Imports

Imports in Europe

In 2021, approx. X square meters of composition leather were imported in Europe; which is down by -4% against the year before. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 9.2%. The volume of import peaked at X square meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, composition leather imports surged to $X in 2021. Over the period under review, imports continue to indicate a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X square meters) and Russia (X square meters) were the key importers of composition leather in Europe, together amounting to approx. 32% of total imports. Portugal (X square meters) ranks next in terms of the total imports with a 9.6% share, followed by Romania (7.2%), Spain (6.9%) and the Netherlands (6.3%). France (X square meters), the Czech Republic (X square meters), Belarus (X square meters), Poland (X square meters), Denmark (X square meters), the UK (X square meters) and Albania (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +34.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest composition leather importing markets in Europe were France ($X), Italy ($X) and the Netherlands ($X), together accounting for 33% of total imports. These countries were followed by Albania, Romania, Poland, Portugal, Denmark, Russia, Spain, the Czech Republic, the UK and Belarus, which together accounted for a further 42%.

In terms of the main importing countries, Albania, with a CAGR of +30.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per square meter in 2021, jumping by 21% against the previous year. Import price indicated slight 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. Based on 2021 figures, composition leather import price increased by +83.5% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Albania ($X per square meter), while Russia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+15.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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