Prepared Sheep Leather Price in Hong Kong SAR - 2023
Contents:
- Prepared Sheep Leather Price in Hong Kong SAR (CIF) - 2023
- Prepared Sheep Leather Price in Hong Kong SAR (FOB) - 2023
- Prepared Sheep Leather Imports in Hong Kong SAR
- Prepared Sheep Leather Exports in Hong Kong SAR
Prepared Sheep Leather Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average prepared sheep leather import price amounted to $17.0 per square meter, waning by -14% against the previous month. Overall, the import price recorded a slight decrease. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 36% against the previous month. The import price peaked at $24.6 per square meter in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($52.3 per square meter), while the price for Indonesia ($6.1 per square meter) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Sheep Leather Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average prepared sheep leather export price amounted to $15.1 per square meter, with a decrease of -30.3% against the previous month. Overall, the export price showed a noticeable slump. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices hit record highs at $23.0 per square meter in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -2.8% per month.
Prepared Sheep Leather Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of sheep or lamb skin leather, prepared, which decreased by -9.4% to 593K square meters in 2022. Overall, imports saw a dramatic decrease. Over the period under review, imports attained the peak figure at 1.7M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, prepared sheep leather imports declined to $11M in 2022. In general, imports recorded a precipitous curtailment. Imports peaked at $34M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Prepared Sheep Leather in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.7 | 3.3 | 3.6 | 4.8 | -18.0% |
| Italy | 7.6 | 3.6 | 2.2 | 2.2 | -33.8% |
| Turkey | 2.4 | 1.1 | 0.9 | 1.5 | -14.5% |
| France | 3.0 | 0.7 | 1.0 | 0.6 | -41.5% |
| Pakistan | 1.3 | 1.1 | 0.8 | 0.4 | -32.5% |
| China | 4.6 | 3.4 | 1.5 | 0.4 | -55.7% |
| Indonesia | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Nigeria | 1.3 | 0.1 | 0.3 | 0.2 | -46.4% |
| Ethiopia | 1.1 | 0.6 | 0.3 | N/A | -47.8% |
| Others | 3.3 | 1.4 | 1.0 | 1.2 | -28.6% |
| Total | 33.5 | 15.5 | 11.8 | 11.5 | -30.0% |
Top Suppliers of Prepared Sheep Leather to Hong Kong SAR in 2022:
- India (309.8K square meters)
- Italy (66.9K square meters)
- Turkey (57.4K square meters)
- China (24.9K square meters)
- Pakistan (22.1K square meters)
- France (17.0K square meters)
- Nigeria (16.1K square meters)
- Indonesia (10.1K square meters)
- Ethiopia (1.9K square meters)
Prepared Sheep Leather Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of sheep or lamb skin leather, prepared, which decreased by -1.9% to 610K square meters in 2022. Overall, exports continue to indicate a sharp setback. Over the period under review, the exports reached the peak figure at 1.8M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, prepared sheep leather exports reached $12M in 2022. Over the period under review, exports saw a sharp decrease. Over the period under review, the exports reached the peak figure at $36M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Prepared Sheep Leather in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.9 | 16.0 | 11.2 | 11.9 | -28.0% |
| Vietnam | 1.7 | 1.3 | 0.1 | 0.2 | -51.0% |
| Indonesia | 0.8 | 0.1 | N/A | N/A | -87.5% |
| Others | 1.4 | 0.8 | 0.4 | 0.2 | -47.7% |
| Total | 35.9 | 18.2 | 11.7 | 12.3 | -30.0% |
Top Export Markets for Prepared Sheep Leather from Hong Kong SAR in 2022:
- China (587.2K square meters)
- Vietnam (6.5K square meters)
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