South-Eastern Asia: Sheep Leather Market 2024

Sheep Leather Market Size in South-Eastern Asia

The Southeast Asian sheep leather market expanded remarkably to $X in 2022, increasing by X% against the previous year. Overall, consumption continues to indicate prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sheep Leather Production in South-Eastern Asia

In value terms, sheep leather production totaled $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. 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 remained at a lower figure.

Sheep Leather Exports

Exports in South-Eastern Asia

In 2022, the amount of sheep or lamb skin leather exported in South-Eastern Asia shrank remarkably to X square meters, which is down by X% compared with the year before. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheep leather exports dropped to $X in 2022. Over the period under review, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia was the main exporting country with an export of around X square meters, which finished at X% of total exports. It was distantly followed by Thailand (X square meters), creating a X% share of total exports. Indonesia (X square meters) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to sheep leather exports from Malaysia stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Thailand increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) remains the largest sheep leather supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports.

In Malaysia, sheep leather exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the export price saw a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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 Malaysia ($X per square meter), while Thailand ($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 Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Sheep Leather Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of sheep or lamb skin leather was finally on the rise to reach X square meters for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep leather imports surged to $X in 2022. Overall, imports, however, saw a abrupt descent. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia was the key importer of sheep or lamb skin leather in South-Eastern Asia, with the volume of imports reaching X square meters, which was near X% of total imports in 2022. It was distantly followed by Vietnam (X square meters) and Cambodia (X square meters), together committing a X% share of total imports. Malaysia (X square meters) and Singapore (X square meters) took a little share of total imports.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of sheep or lamb skin leather. At the same time, Cambodia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%), Vietnam (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Cambodia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported sheep or lamb skin leather in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Indonesia, sheep leather imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per square meter), while Cambodia ($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 Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :