Spain - Sheep or Lamb Skin Leather - Market Analysis, Forecast, Size, Trends And Insights
Spain's Sheep Leather Price Shrinks Slightly to $25.2 per Square Meter
Spain Sheep Leather Export Price in November 2022
In November 2022, the sheep leather price amounted to $25.2 per square meter (FOB, Spain), which is down by -2.2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2022 when the average export price increased by 32% against the previous month. Over the period under review, the average export prices reached the maximum at $26.3 per square meter in January 2022; however, from February 2022 to November 2022, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($30.8 per square meter), while the average price for exports to Greece ($5.6 per square meter) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.
Spain Sheep Leather Exports
In November 2022, the amount of sheep or lamb skin leather exported from Spain skyrocketed to 397K square meters, jumping by 38% on October 2022. Overall, exports continue to indicate measured growth. The growth pace was the most rapid in September 2022 when exports increased by 475% month-to-month. Over the period under review, the exports hit record highs at 512K square meters in May 2022; however, from June 2022 to November 2022, the exports failed to regain momentum.
In value terms, sheep leather exports soared to $10M (IndexBox estimates) in November 2022. In general, exports recorded a tangible expansion. The pace of growth appeared the most rapid in September 2022 with an increase of 507% against the previous month. Over the period under review, the exports hit record highs in November 2022.
Spain Sheep Leather Exports by Country
Italy (274K square meters) was the main destination for sheep leather exports from Spain, with a 69% share of total exports. Moreover, sheep leather exports to Italy exceeded the volume sent to the second major destination, France (78K square meters), threefold. The third position in this ranking was held by Portugal (28K square meters), with a 7% share.
From January 2022 to November 2022, the average monthly growth rate of volume to Italy totaled +5.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (+4.1% per month) and Portugal (+5.3% per month).
In value terms, Italy ($6.6M) remains the key foreign market for sheep leather exports from Spain, comprising 66% of total exports. The second position in the ranking was held by France ($2.3M), with a 23% share of total exports. It was followed by Portugal, with an 8.6% share.
From January 2022 to November 2022, the average monthly growth rate of value to Italy stood at +4.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (+3.4% per month) and Portugal (+6.7% per month).
Factors Affecting Sheep Leather Market
Spanish sheepskin is prized for its softness and durability, making it ideal for use in clothing and accessories. The increase in demand from the fashion industry has led to a corresponding increase in prices for Spanish sheep leather.
In addition to the fashion industry, there is also strong demand for Spanish sheepskin from the automotive industry. Sheepskin is often used as insulation in cars and other vehicles, and its popularity has led to an increase in prices.
This report provides an in-depth analysis of the sheep leather market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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