Overview of the Global Market for Leather of Bovine and Equine Animals

Market Size for Leather of Bovine and Equine Animals

The global bovine and equine leather market contracted to $X in 2022, declining by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals

In value terms, bovine and equine leather production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports

Global bovine and equine leather exports declined to X square meters in 2022, falling by X% against 2021 figures. In general, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at X square meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, bovine and equine leather exports reduced to $X in 2022. Overall, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the major exporter of leather of bovine and equine animals in the world, with the volume of exports amounting to X square meters, which was approx. X% of total exports in 2022. Italy (X square meters) ranks second in terms of the total exports with a X% share, followed by the United States (X%) and Paraguay (X%). The following exporters - Uruguay (X square meters), New Zealand (X square meters), Australia (X square meters), China (X square meters), Thailand (X square meters), South Africa (X square meters), Vietnam (X square meters), Turkey (X square meters) and India (X square meters) - together made up X% of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of leather of bovine and equine animals. At the same time, China (X%), Uruguay (X%), Thailand (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Australia experienced a relatively flat trend pattern. By contrast, India (X%), New Zealand (X%), Turkey (X%), Italy (X%), Vietnam (X%), South Africa (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Uruguay (X p.p.), Paraguay (X p.p.) and China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest bovine and equine leather supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Brazil ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and China (X% per year).

Export Prices by Country

The average bovine and equine leather export price stood at $X per square meter in 2022, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 China ($X per square meter), while Paraguay ($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 the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports

In 2022, approx. X square meters of leather of bovine and equine animals were imported worldwide; declining by X% compared with 2021 figures. Overall, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Global imports peaked at X square meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, bovine and equine leather imports contracted slightly to $X in 2022. In general, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters), distantly followed by Vietnam (X square meters) and Italy (X square meters) represented the main importers of leather of bovine and equine animals, together mixing up X% of total imports. Mexico (X square meters), Indonesia (X square meters), India (X square meters), Thailand (X square meters), Spain (X square meters), Turkey (X square meters), Hong Kong SAR (X square meters) and Brazil (X square meters) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Indonesia, Thailand, Hong Kong SAR, India, Mexico, Spain, Turkey and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Brazil, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average bovine and equine leather import price amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Brazil ($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 Italy (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :