Report Update: Apr 1, 2024

Portugal - Leather - Market Analysis, Forecast, Size, Trends And Insights

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Leather Price in Portugal - 2023

Leather Price in Portugal (CIF) - 2022

In 2021, the average leather import price amounted to $8.1 per square meter, falling by -4.8% against the previous year. Overall, the import price showed a pronounced setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 4.6% against the previous year. Over the period under review, average import prices reached the peak figure at $11 per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($28 per square meter), while the price for Algeria ($1.8 per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Leather Price in Portugal (FOB) - 2022

In 2021, the average leather export price amounted to $16 per square meter, which is down by -18.8% against the previous year. Over the period under review, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2018 when the average export price increased by 57%. The export price peaked at $20 per square meter in 2020, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Morocco ($106 per square meter), while the average price for exports to India ($6.1 per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Imports in Portugal

In 2022, approx. 27M square meters of leather were imported into Portugal; which is down by -34.9% against the year before. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked at 47M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, leather imports expanded sharply to $367M in 2022. In general, imports saw a mild shrinkage. Over the period under review, imports reached the maximum at $382M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Leather in Portugal (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Italy	164	136	145	-6.0%
Spain	70.8	54.0	63.0	-5.7%
Germany	36.6	24.2	20.5	-25.2%
Turkey	14.7	11.8	18.1	11.0%
India	14.0	8.0	9.3	-18.5%
Brazil	7.9	5.7	6.6	-8.6%
Egypt	11.8	5.7	6.5	-25.8%
Argentina	10.5	9.3	6.3	-22.5%
Uzbekistan	2.1	1.0	3.5	29.1%
Algeria	1.7	1.5	2.1	11.1%
Others	48.5	41.5	50.1	1.6%
Total	382	299	331	-6.9%

Top Suppliers of Leather to Portugal in 2022:

Italy (6.6M square meters)
Spain (3.5M square meters)
Turkey (3.0M square meters)
Algeria (1.1M square meters)
Uzbekistan (1.0M square meters)
Brazil (0.8M square meters)
Germany (0.8M square meters)
India (0.7M square meters)
Argentina (0.5M square meters)
Egypt (0.4M square meters)

Leather Exports in Portugal

In 2022, leather exports from Portugal expanded remarkably to 7.8M square meters, rising by 9.1% compared with the previous year. Over the period under review, total exports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, leather exports rose notably to $122M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Export of Leather in Portugal (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Spain	19.9	12.9	18.8	-2.8%
Morocco	24.9	17.8	17.7	-15.7%
Italy	11.0	13.6	17.3	25.4%
France	13.2	8.6	10.1	-12.5%
Moldova	1.3	4.7	7.5	140.2%
Germany	6.2	8.3	6.9	5.5%
Vietnam	0.9	1.7	5.3	142.7%
China	2.5	2.5	5.0	41.4%
India	4.7	3.1	3.3	-16.2%
Serbia	N/A	N/A	3.3	0%
Slovakia	1.7	1.9	2.7	26.0%
United Kingdom	4.9	2.8	2.6	-27.2%
Albania	N/A	0.1	1.3	1200.0%
Others	18.4	14.1	12.0	-19.2%
Total	109	92.1	114	2.3%

Top Export Markets for Leather from Portugal in 2022:

Spain (607.7K square meters)
India (531.6K square meters)
China (457.5K square meters)
Italy (364.4K square meters)
France (239.3K square meters)
Vietnam (232.6K square meters)
Germany (226.8K square meters)
Moldova (198.3K square meters)
Morocco (166.4K square meters)
Serbia (150.7K square meters)
Albania (129.2K square meters)
United Kingdom (97.3K square meters)
Slovakia (61.3K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the leather market in Portugal. 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.

Product coverage:

Prodcom 15113100 - Leather, of bovine animals, without hair, whole
Prodcom 15113200 - Leather, of bovine animals, without hair, not whole
Prodcom 15113300 - Leather, of equine animals, without hair
Prodcom 15114130 - Sheep or lamb skin leather without wool on, tanned but not further prepared (excluding chamois leather)
Prodcom 15114150 - Sheep or lamb skin leather without wool on, parchmentdressed or prepared after tanning (excluding chamois, patent, p atent laminated leather and metallised leather)
Prodcom 15114230 - Goat or kid skin leather without hair on, tanned or pre-tanned but not further prepared (excluding chamois leather)
Prodcom 15114250 - Goat or kid skin leather without hair on, parchment-dressed or prepared after tanning (excluding chamois leather, patent leather, patent laminated leather and metallised leather)
Prodcom 15114330 - Leather of swine without hair on, tanned but not further prepared
Prodcom 15114350 - Leather of swine without hair on, parchment-dressed or prepared after tanning (excluding patent leather, patent laminated leather and metallised leather)
Prodcom 15115100 - Leather of other animals, without hair on
Prodcom 15112100 - Chamois leather and combination chamois leather
Prodcom 15112200 - Patent leather, patent laminated leather and metallised leather
Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023