Pakistan: Leather Market 2024

Leather Market Size in Pakistan

The Pakistani leather market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Leather consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Leather Production in Pakistan

In value terms, leather production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Leather Exports

Exports from Pakistan

In 2022, overseas shipments of leather increased by X% to X square meters, rising for the second consecutive year after seven years of decline. Over the period under review, exports showed noticeable growth. Over the period under review, the exports attained the peak figure at X square meters in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, leather exports rose markedly to $X in 2022. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters) was the main destination for leather exports from Pakistan, accounting for a X% share of total exports. Moreover, leather exports to Italy exceeded the volume sent to the second major destination, Vietnam (X square meters), twofold. China (X square meters) ranked third in terms of total exports with a X% share.

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

In value terms, Italy ($X), China ($X) and Vietnam ($X) constituted the largest markets for leather exported from Pakistan worldwide, with a combined X% share of total exports. Hong Kong SAR, Indonesia, Bangladesh, Spain, South Korea, Cambodia, Germany, South Africa, France and India lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average leather export price stood at $X per square meter in 2021, approximately mirroring the previous year. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per square meter), while the average price for exports to South Africa ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Imports

Imports into Pakistan

In 2022, imports of leather into Pakistan soared to X square meters, with an increase of X% against the year before. Overall, imports posted a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, leather imports stood at $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X square meters), the United Arab Emirates (X square meters) and Kenya (X square meters) were the main suppliers of leather imports to Pakistan, with a combined X% share of total imports. Turkey, Italy, Iran, Senegal, Taiwan (Chinese), Thailand, China, the UK, South Korea and Argentina lagged somewhat behind, together accounting for a further X%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Turkey ($X) and Taiwan (Chinese) ($X) appeared to be the largest leather suppliers to Pakistan, together comprising X% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per square meter in 2013; however, from 2014 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 Taiwan (Chinese) ($X per square meter), while the price for South Korea ($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 mixed trend patterns.

Source: IndexBox Platform

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