South-Eastern Asia: Market for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather 2024

Market Size for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in South-Eastern Asia

In 2022, the Southeast Asian market for sheep, goat, swine or reptile leather, excluding chamois leather increased by 1,167% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in South-Eastern Asia

In value terms, production of sheep, goat, swine or reptile leather, excluding chamois leather contracted slightly to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Exports in South-Eastern Asia

After three years of growth, shipments abroad of sheep, goat, swine or reptile leather, excluding chamois leather decreased by -15.3% to X tons in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 32%. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sheep, goat, swine or reptile leather, excluding chamois leather surged to $X in 2022. The total export value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Thailand prevails in leather structure, finishing at X tons, which was near 87% of total exports in 2022. Cambodia (X tons), Malaysia (X tons), Vietnam (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +8.2% from 2012 to 2022. At the same time, Cambodia (+59.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +59.8% from 2012-2022. By contrast, Malaysia (-1.2%), Indonesia (-8.5%) and Vietnam (-19.0%) illustrated a downward trend over the same period. While the share of Thailand (+26 p.p.) and Cambodia (+4.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-3 p.p.), Indonesia (-4.6 p.p.) and Vietnam (-21.6 p.p.) displayed negative dynamics.

In value terms, the largest sheep, goat, swine or reptile leather supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Cambodia ($X), with a combined 39% share of total exports.

Cambodia, with a CAGR of +61.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 42% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Imports in South-Eastern Asia

In 2022, imports of sheep, goat, swine or reptile leather, excluding chamois leather in South-Eastern Asia fell sharply to X tons, declining by -16.6% against 2021 figures. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 37%. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, imports of sheep, goat, swine or reptile leather, excluding chamois leather contracted sharply to $X in 2022. Over the period under review, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Cambodia represented the major importing country with an import of around X tons, which finished at 52% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a 25% share, followed by Indonesia (8.7%) and Lao People's Democratic Republic (5.4%). The Philippines (X tons) and Thailand (X tons) took a little share of total imports.

Cambodia was also the fastest-growing in terms of the sheep, goat, swine or reptile leather, excluding chamois leather imports, with a CAGR of +27.7% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+11.7%) and the Philippines (+1.0%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Vietnam (-4.4%) and Indonesia (-7.2%) illustrated a downward trend over the same period. While the share of Cambodia (+46 p.p.) and Lao People's Democratic Republic (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-15 p.p.) and Vietnam (-25.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported sheep, goat, swine or reptile leather, excluding chamois leather in South-Eastern Asia, comprising 44% of total imports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total imports. It was followed by Cambodia, with a 12% share.

In Vietnam, imports of sheep, goat, swine or reptile leather, excluding chamois leather shrank by an average annual rate of -3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+4.5% per year) and Cambodia (+5.4% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by -13.7% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 7.5% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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