Myanmar: Leather Market 2024

Leather Market Size in Myanmar

The Myanmar's leather market reduced to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Leather Production in Myanmar

In value terms, leather production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Leather Exports

Exports from Myanmar

In 2022, overseas shipments of leather increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, leather exports skyrocketed to $X in 2022. Overall, exports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India (X square meters) was the main destination for leather exports from Myanmar, accounting for a X% share of total exports. Moreover, leather exports to India exceeded the volume sent to the second major destination, China (X square meters), ninefold.

From 2012 to 2021, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Cambodia (X% per year).

In value terms, India ($X), Cambodia ($X) and China ($X) were the largest markets for leather exported from Myanmar worldwide, together accounting for X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average leather export price amounted to $X per square meter, dropping by X% against the previous year. In general, the export price, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per square meter, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per square meter), while the average price for exports to India ($X 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 Cambodia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Imports

Imports into Myanmar

In 2022, approx. X square meters of leather were imported into Myanmar; with a decrease of X% against 2021. In general, imports, however, saw strong growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, leather imports fell remarkably to $X in 2022. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of leather to Myanmar, with a X% share of total imports. Moreover, leather imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X square meters), threefold. The third position in this ranking was held by Taiwan (Chinese) (X square meters), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Vietnam ($X) appeared to be the largest leather suppliers to Myanmar, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average leather import price amounted to $X per square meter, shrinking by X% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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