Pakistan: Sheep Leather Market 2024

Sheep Leather Market Size in Pakistan

The Pakistani sheep leather market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Sheep Leather Production in Pakistan

In value terms, sheep leather production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Sheep Leather Exports

Exports from Pakistan

In 2022, sheep leather exports from Pakistan surged to X square meters, increasing by X% against the year before. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sheep leather exports soared to $X in 2022. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Thailand (X% per year).

In value terms, Italy ($X) remains the key foreign market for sheep or lamb skin leather exports from Pakistan, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average sheep leather export price amounted to $X per square meter, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep Leather Imports

Imports into Pakistan

Sheep leather imports into Pakistan soared to X square meters in 2022, rising by X% compared with the year before. Overall, imports, however, continue to indicate a deep contraction. Over the period under review, imports attained the peak figure at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep leather imports skyrocketed to $X in 2022. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X square meters) constituted the largest sheep leather supplier to Pakistan, with a X% share of total imports. Moreover, sheep leather imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Iran (X square meters), threefold. The third position in this ranking was taken by Kenya (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Kenya (X% per year).

In value terms, Saudi Arabia ($X), Iran ($X) and Kenya ($X) appeared to be the largest sheep leather suppliers to Pakistan, with a combined X% share of total imports. South Korea, Greece, Senegal, the UK, Spain and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Korea, 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

The average sheep leather import price stood at $X per square meter in 2022, declining by X% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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