Sudan: Leather Market 2024

Leather Market Size in Sudan

After two years of growth, the Sudanese leather market decreased by X% to $X in 2022. Overall, consumption recorded a perceptible reduction. Leather consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Leather Production in Sudan

In value terms, leather production reached $X in 2022 estimated in export price. Overall, production continues to indicate a deep setback. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Leather Exports

Exports from Sudan

In 2022, overseas shipments of leather were finally on the rise to reach X square meters for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, leather exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters) was the main destination for leather exports from Sudan, accounting for a X% share of total exports. Moreover, leather exports to Saudi Arabia exceeded the volume sent to the second major destination, Hong Kong SAR (X square meters), eightfold. 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 Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for leather exports from Sudan, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

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

Export Prices by Country

In 2021, the average leather export price amounted to $X per square meter, picking up by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per square meter), while the average price for exports to Syrian Arab Republic (less than $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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Imports

Imports into Sudan

In 2022, after two years of growth, there was significant decline in overseas purchases of leather, when their volume decreased by X% to X square meters. Over the period under review, imports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, leather imports shrank dramatically to $X in 2022. In general, imports faced a significant decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, Saudi Arabia (X square meters) constituted the largest supplier of leather to Sudan, accounting for a X% share of total imports. Moreover, leather imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), threefold. The third position in this ranking was taken by Uzbekistan (X square meters), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Uzbekistan (X% per year).

In value terms, Saudi Arabia ($X), Uzbekistan ($X) and Nigeria ($X) appeared to be the largest leather suppliers to Sudan, together comprising X% of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, recorded 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 leather import price stood at $X per square meter in 2021, declining by X% against the previous year. Overall, the import price recorded a deep setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per square meter), while the price for the United Arab Emirates ($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 Egypt (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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