ECOWAS: Sheep Leather Market 2024

Sheep Leather Market Size in ECOWAS

The ECOWAS sheep leather market surged to $X in 2023, picking up by X% against the previous year. In general, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Sheep Leather Production in ECOWAS

In value terms, sheep leather production soared to $X in 2023 estimated in export price. Over the period under review, production posted a resilient increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Sheep Leather Exports

Exports in ECOWAS

In 2023, shipments abroad of sheep or lamb skin leather decreased by X% to X square meters, falling for the fifth consecutive year after two years of growth. Overall, exports recorded a mild descent. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, sheep leather exports dropped slightly to $X in 2023. In general, exports showed a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria prevails in exports structure, accounting for X square meters, which was approx. X% of total exports in 2023. Senegal (X square meters) held the second position in the ranking, followed by Burkina Faso (X square meters). All these countries together took approx. X% share of total exports. Mali (X square meters) followed a long way behind the leaders.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%) and Mali (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Senegal (X p.p.) and Mali (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest sheep leather supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

In Nigeria, sheep leather exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per square meter in 2023, standing approx. at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per square meter in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while Mali ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Sheep Leather Imports

Imports in ECOWAS

In 2023, sheep leather imports in ECOWAS expanded rapidly to X square meters, picking up by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sheep leather imports expanded slightly to $X in 2023. Overall, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Ghana represented the key importer of sheep or lamb skin leather in ECOWAS, with the volume of imports accounting for X square meters, which was approx. X% of total imports in 2023. It was distantly followed by Mali (X square meters), Senegal (X square meters) and Nigeria (X square meters), together creating a X% share of total imports. Niger (X square meters) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the sheep or lamb skin leather imports, with a CAGR of X% from 2012 to 2023. Mali experienced a relatively flat trend pattern. Nigeria (X%), Niger (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana and Mali increased by X and X percentage points, respectively.

In value terms, Mali ($X) constitutes the largest market for imported sheep or lamb skin leather in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

In Mali, sheep leather imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per square meter in 2023, which is down by X% against the previous year. Over the period under review, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mali ($X per square meter), while Ghana ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform