Europe: Artificial Fur Market 2024

Artificial Fur Market Size in Europe

The Europe artificial fur market contracted rapidly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a perceptible descent. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Artificial Fur Production in Europe

In value terms, artificial fur production soared to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Artificial Fur Exports

Exports in Europe

Artificial fur exports surged to X tons in 2022, growing by X% against the previous year's figure. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, artificial fur exports expanded rapidly to $X in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Belarus represented the key exporter of artificial fur in Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%), Russia (X%), the Netherlands (X%) and Belgium (X%). France (X tons) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the artificial fur exports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), Italy (X%) and Belgium (X%) displayed positive paces of growth. By contrast, France (X%), the Netherlands (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Poland and Italy increased by X, X and X percentage points, respectively.

In value terms, the largest artificial fur supplying countries in Europe were Italy ($X), the Netherlands ($X) and Belarus ($X), with a combined X% share of total exports.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Artificial Fur Imports

Imports in Europe

After two years of decline, supplies from abroad of artificial fur increased by X% to X tons in 2022. Over the period under review, imports saw a temperate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, artificial fur imports stood at $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belarus (X tons), distantly followed by Italy (X tons), the UK (X tons), Russia (X tons), France (X tons) and the Netherlands (X tons) were the main importers of artificial fur, together achieving X% of total imports. Germany (X tons), Poland (X tons), Ukraine (X tons), Belgium (X tons), Denmark (X tons), Switzerland (X tons) and Bulgaria (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported artificial fur in Europe, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy amounted to X%. In the other countries, the average annual rates were as follows: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform