New Zealand: Leather Market 2024

Leather Market Size in New Zealand

In 2022, the New Zealand leather market increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, continues to indicate a noticeable curtailment. Leather consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Leather Production in New Zealand

In value terms, leather production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Leather Exports

Exports from New Zealand

In 2022, approx. X square meters of leather were exported from New Zealand; with a decrease of X% on the year before. In general, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, leather exports reduced to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X square meters) was the main destination for leather exports from New Zealand, with a X% share of total exports. Moreover, leather exports to Italy exceeded the volume sent to the second major destination, China (X square meters), sixfold. The third position in this ranking was taken by India (X square meters), with a X% share.

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

In value terms, Italy ($X) remains the key foreign market for leather exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

Export Prices by Country

In 2021, the average leather export price amounted to $X per square meter, with an increase of X% against the previous year. In general, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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 Hong Kong SAR ($X per square meter), while the average price for exports to China ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Leather Imports

Imports into New Zealand

In 2022, approx. X square meters of leather were imported into New Zealand; with a decrease of X% against the previous year's figure. Over the period under review, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, leather imports dropped to $X in 2022. Overall, imports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest supplier of leather to New Zealand, accounting for a X% share of total imports. Moreover, leather imports from Italy exceeded the figures recorded by the second-largest supplier, India (X square meters), twofold. Australia (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Australia (X% per year).

In value terms, the largest leather suppliers to New Zealand were Italy ($X), India ($X) and Australia ($X), together accounting for X% of total imports. Brazil, Mexico, the UK, China, Spain, the United States, Sweden, Germany, Uruguay and Japan lagged somewhat behind, together accounting for a further X%.

Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average leather import price amounted to $X per square meter, reducing by X% against the previous year. Overall, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for Mexico ($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 India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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