Report Update: May 1, 2024

Guatemala - Leather Of Bovine And Equine Animals - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Bovine and Equine Leather in Guatemala - 2023

Price for Bovine and Equine Leather in Guatemala (CIF) - 2023

The average bovine and equine leather import price stood at $900 per thousand square meters in October 2023, reducing by -35.3% against the previous month. Overall, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in February 2023 when the average import price increased by 150% month-to-month. As a result, import price attained the peak level of $1.9 per square meter. From March 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was India ($7.5 per square meter), while the price for Venezuela ($328 per thousand square meters) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Nicaragua (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Bovine and Equine Leather in Guatemala (FOB) - 2023

In October 2023, the average bovine and equine leather export price amounted to $4.4 per square meter, dropping by -37.6% against the previous month. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 152% m-o-m. Over the period under review, the average export prices hit record highs at $11.4 per square meter in June 2023; however, from July 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was El Salvador ($9.5 per square meter), while the average price for exports to Nicaragua ($3.7 per square meter) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Bovine and Equine Leather in Guatemala

Bovine and equine leather imports into Guatemala shrank to 13M square meters in 2022, which is down by -9.2% against the previous year. Overall, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of 14M square meters, and then shrank in the following year.

In value terms, bovine and equine leather imports dropped rapidly to $22M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, imports reached the peak of $27M, and then reduced dramatically in the following year.

Import of Bovine and Equine Leather in Guatemala (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	3.5	1.7	6.1	6.5	22.9%
Mexico	5.8	7.1	10.8	5.5	-1.8%
Colombia	0.7	1.0	3.6	3.8	75.7%
Bolivia	0.1	0.1	0.7	1.3	135.1%
Nicaragua	1.2	0.7	1.1	0.9	-9.1%
Brazil	0.5	0.2	0.1	0.2	-26.3%
Chile	0.6	0.6	0.5	N/A	-8.7%
Panama	0.3	0.1	0.1	N/A	-42.3%
Others	5.6	3.6	4.4	3.5	-14.5%
Total	18.4	15.0	27.3	21.6	5.5%

Top Suppliers of Bovine and Equine Leather to Guatemala in 2022:

Brazil (undefinedM square meters)
Panama (undefinedM square meters)
Colombia (1.4M square meters)
Nicaragua (1.0M square meters)
Mexico (0.8M square meters)
India (0.7M square meters)
Bolivia (0.7M square meters)

Exports of Bovine and Equine Leather in Guatemala

Bovine and equine leather exports from Guatemala fell notably to 587K square meters in 2022, shrinking by -20.7% against the previous year. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.6% 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 +30.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, the exports attained the peak of 740K square meters, and then declined notably in the following year.

In value terms, bovine and equine leather exports contracted to $3.4M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +58.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 79%. As a result, the exports reached the peak of $3.8M, and then dropped in the following year.

Export of Bovine and Equine Leather in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	899	776	1,139	1,661	22.7%
Nicaragua	633	486	558	829	9.4%
El Salvador	231	341	392	375	17.5%
Costa Rica	414	409	382	367	-3.9%
Mexico	95.7	80.8	1,140	146	15.1%
Others	28.9	38.3	205	N/A	166.3%
Total	2,302	2,130	3,816	3,378	13.6%

Top Export Markets for Bovine and Equine Leather from Guatemala in 2022:

Honduras (210.8K square meters)
Nicaragua (200.8K square meters)
El Salvador (33.8K square meters)
Costa Rica (31.6K square meters)
Mexico (13.0K square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bovine and equine leather in Guatemala. 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

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
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