Hide Preparing Machinery Market

Global hide preparing machinery market is expected to see a slight increase in both volume and value terms from 2022 to 2030, with China leading in consumption and production. Italy and the United States are major importers and exporters of hide preparing machinery. The market saw a decline in 2022, but is projected to rebound in the coming years.

Market Forecast

Driven by rising demand for hide preparing machinery worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.8% for the period from 2022 to 2030, which is projected to bring the market volume to 33K units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market value to $402M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Machinery For Preparing, Tanning Or Working Hides, Skins Or Leather

In 2022, the amount of machinery for preparing, tanning or working hides, skins or leather consumed worldwide contracted to 31K units, with a decrease of -6% on the previous year. In general, consumption saw a abrupt decrease. As a result, consumption attained the peak volume of 80K units. From 2019 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global hide preparing machinery market size declined to $306M in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a deep downturn. As a result, consumption reached the peak level of $1.8B. From 2019 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

China (14K units) remains the largest hide preparing machinery consuming country worldwide, accounting for 45% of total volume. Moreover, hide preparing machinery consumption in China exceeded the figures recorded by the second-largest consumer, Spain (3.4K units), fourfold. Brazil (1.6K units) ranked third in terms of total consumption with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to -4.6%. In the other countries, the average annual rates were as follows: Spain (+0.7% per year) and Brazil (-3.4% per year).

In value terms, China ($83M) led the market, alone. The second position in the ranking was held by Germany ($27M). It was followed by Italy.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -5.4%. The remaining consuming countries recorded the following average annual rates of market growth: Germany (+7.7% per year) and Italy (-14.8% per year).

In 2022, the highest levels of hide preparing machinery per capita consumption was registered in Spain (72 units per million persons), followed by Italy (22 units per million persons), China (9.7 units per million persons) and Germany (9 units per million persons), while the world average per capita consumption of hide preparing machinery was estimated at 0.1 units per million persons.

From 2012 to 2022, the average annual growth rate of the hide preparing machinery per capita consumption in Spain was relatively modest. In the other countries, the average annual rates were as follows: Italy (-10.6% per year) and China (-5.1% per year).

Production

World Production of Machinery For Preparing, Tanning Or Working Hides, Skins Or Leather

Global hide preparing machinery production rose modestly to 46K units in 2022, picking up by 2.2% compared with 2021 figures. Overall, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 51%. As a result, production reached the peak volume of 89K units. From 2019 to 2022, global production growth remained at a lower figure.

In value terms, hide preparing machinery production shrank sharply to $559M in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 46% against the previous year. Global production peaked at $833M in 2017; however, from 2018 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of hide preparing machinery production was China (30K units), comprising approx. 65% of total volume. Moreover, hide preparing machinery production in China exceeded the figures recorded by the second-largest producer, Italy (5K units), sixfold. Spain (3.5K units) ranked third in terms of total production with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Italy (-10.0% per year) and Spain (+0.1% per year).

Imports

World Imports of Machinery For Preparing, Tanning Or Working Hides, Skins Or Leather

In 2022, global hide preparing machinery imports declined to 8.7K units, shrinking by -8.5% compared with 2021 figures. Over the period under review, imports recorded a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Global imports peaked at 14K units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hide preparing machinery imports fell to $164M in 2022. Overall, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. Global imports peaked at $277M in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the United States (1K units), distantly followed by Cambodia (401 units) represented the main importers of machinery for preparing, tanning or working hides, skins or leather, together making up 16% of total imports. India (349 units), Bangladesh (336 units), Italy (323 units), Bahrain (313 units), Taiwan (Chinese) (279 units), South Africa (256 units), Russia (246 units), Hong Kong SAR (244 units), Peru (229 units), Thailand (225 units) and Armenia (225 units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hide preparing machinery imports into the United States stood at -2.7%. At the same time, Bahrain (+51.2%), Taiwan (Chinese) (+28.3%), Armenia (+17.2%), Cambodia (+6.7%), Italy (+4.7%) and Bangladesh (+2.4%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the world, with a CAGR of +51.2% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, India (-3.8%), Peru (-5.0%), South Africa (-5.1%), Russia (-9.8%) and Hong Kong SAR (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain, Taiwan (Chinese), Cambodia, Armenia, Italy and Bangladesh increased by +3.5, +3, +2.9, +2.2, +2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hide preparing machinery importing markets worldwide were India ($7.9M), the United States ($6.8M) and Thailand ($4.7M), together comprising 12% of global imports. Italy, Bangladesh, Russia, Cambodia, South Africa, Peru, Taiwan (Chinese), Hong Kong SAR, Bahrain and Armenia lagged somewhat behind, together accounting for a further 9.9%.

In terms of the main importing countries, Bahrain, with a CAGR of +55.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average hide preparing machinery import price amounted to $18,836 per unit, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 12%. As a result, import price reached the peak level of $23,379 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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 ($22,642 per unit), while Armenia ($254 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+2.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Machinery For Preparing, Tanning Or Working Hides, Skins Or Leather

In 2022, approx. 24K units of machinery for preparing, tanning or working hides, skins or leather were exported worldwide; surging by 10% on the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 66%. As a result, the exports attained the peak of 43K units. From 2015 to 2022, the growth of the global exports remained at a lower figure.

In value terms, hide preparing machinery exports declined to $209M in 2022. Overall, exports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, the global exports reached the maximum at $329M in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports By Country

China represented the major exporting country with an export of about 16K units, which finished at 69% of total exports. It was distantly followed by Italy (4K units), making up a 17% share of total exports. Brazil (935 units) and Turkey (360 units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +8.7% from 2012 to 2022. At the same time, Brazil (+21.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.8% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-9.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Brazil increased by +40 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest hide preparing machinery supplying countries worldwide were Italy ($111M), China ($58M) and Turkey ($4.5M), with a combined 83% share of global exports.

Among the main exporting countries, China, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices By Country

In 2022, the average hide preparing machinery export price amounted to $8,890 per unit, waning by -17.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 97%. The global export price peaked at $17,510 per unit in 2017; however, from 2018 to 2022, 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 Italy ($27,857 per unit), while Brazil ($737 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform