Tanned or dressed furskins market in Italy

Earlier Report Observations

The market for tanned or dressed furskins in Italy showed strong growth in 2019, with production value increasing by 23% to USD 2 313 million. This expansion took place within an industry characterized by high internationalization and pressure from foreign competition. However, the market contracted sharply in 2020, falling 41% to USD 1 356 million.

A recovery in 2021 brought the market back to USD 1 601 million, but from 2022 onward a downward trend set in. Rising production costs, including higher labor expenses, began to squeeze manufacturers' margins. At the same time, consumer preferences shifted towards sustainable and synthetic materials, reducing demand for traditional furskins.

By 2024, the sector remained geographically concentrated in central Italy, with offline retail dominating sales. Key industry events like the Mipel trade fair highlighted market trends, while innovation in animal-free leather and bio-based materials advanced, reflecting the industry's adaptation to environmental concerns.

Production tanned or dressed furskins in Italy

In value, 2017-2020, M $ US

In 2019, Italy's output of tanned or dressed furskins reached its peak at 2 313 million US dollars. However, in 2020, production dropped sharply to 1 353 million US dollars, marking a significant 41.5% decrease compared to the previous year. Over the period from 2017 to 2020, production declined by 38.2%, which translates to an annualized rate of 14.8%. The largest annual increase occurred in 2019, with a growth of 22.8%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

Exports tanned or dressed furskins from Italy

Exports in kind, t

Italy's export market for tanned or dressed furskins in kind showed notable volatility from 2017 to 2020. Exports peaked in 2017 and hit their lowest point in 2020, with a 3.7-fold difference between these years. In 2020, Italy exported 312 tonnes, representing a sharp decline of 54.6% from 2019. The largest increase was recorded in 2019, at 20.6%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Italy's exports of tanned or dressed furskins in kind were widely distributed across various partner countries. The top three destinations were Spain, with 23.4% of exports, China at 13.6%, and Tunisia with 6.8%. Together, these countries accounted for only 43.8% of total export flows, indicating a diverse market.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Italy's export value of tanned or dressed furskins declined for the third consecutive year. In 2020, exports amounted to 35.6 million US dollars, which is 49.2% lower than in 2019. Over the 2017-2020 period, exports decreased by 66.5%, with a compound annual growth rate (CAGR) of -30.5%.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

Between 2017 and 2020, the partner landscape for Italy's exports of tanned or dressed furskins in value terms was broad. The top three countries were Greece, with 29.7% of export value, France at 9.5%, and Hong Kong with 8.2%. Combined, they represented only 47.4% of total flows, while the remaining 52.6% was distributed among many other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports tanned or dressed furskins to Italy

Imports in kind, t

Italy's import volume of tanned or dressed furskins in kind fell for the third year in a row. In 2020, imports totaled 608 tonnes, reflecting a significant 24.2% decrease from 2019. From 2017 to 2020, imports declined by 63.9%, equating to an annualized rate of 28.8%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, the leading suppliers of tanned or dressed furskins to Italy in kind were Spain, with 35.0% of imports, China at 21.8%, and Turkey with 9.3%. Together, these three countries accounted for 66.1% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Italy's import value of tanned or dressed furskins decreased for the third consecutive year. In 2020, imports stood at 38.2 million US dollars, down by 30.0% year-over-year. Over the 2017-2020 period, imports fell by 62.7%, with a compound annual growth rate (CAGR) of -28.0%.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

Between 2017 and 2020, the main suppliers of tanned or dressed furskins to Italy in value terms were Spain, with 32.3% of import value, China at 14.6%, and Turkey with 10.5%. These three countries jointly accounted for 57.4% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020