Composition Leather Market Overview in Italy
In value terms, composition leather production totaled $48M in 2010 estimated in export prices. The total output value increased at an average annual rate of +3.6% over the period from 2007 to 2010; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of 15% y-o-y. Composition leather production peaked at $50M in 2009, and then declined slightly in the following year.
The revenue of the composition leather market in Italy amounted to $28M in 2010, shrinking by -21.8% 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, composition leather consumption continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2008 when the market value increased by 5% year-to-year. In that year, the composition leather market attained its peak level of $41M. From 2009 to 2010, the growth of the composition leather market failed to regain its momentum.