Algeria: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Algeria

The Algerian bovine and equine leather market declined rapidly to $X in 2022, shrinking by X% against the previous year. In general, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Leather of Bovine and Equine Animals in Algeria

In value terms, bovine and equine leather production declined to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Algeria

In 2022, shipments abroad of leather of bovine and equine animals increased by X% to X square meters, rising for the second year in a row after three years of decline. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, bovine and equine leather exports surged to $X in 2022. Over the period under review, exports posted a moderate increase. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X square meters) was the main destination for bovine and equine leather exports from Algeria, with a X% share of total exports. Moreover, bovine and equine leather exports to Portugal exceeded the volume sent to the second major destination, Turkey (X square meters), more than tenfold.

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

In value terms, Portugal ($X) remains the key foreign market for leather of bovine and equine animals exports from Algeria, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

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

Export Prices by Country

The average bovine and equine leather export price stood at $X per square meter in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per square meter), while the average price for exports to Turkey ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Algeria

In 2022, after two years of decline, there was growth in supplies from abroad of leather of bovine and equine animals, when their volume increased by X% to X square meters. Over the period under review, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, bovine and equine leather imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X square meters) constituted the largest supplier of bovine and equine leather to Algeria, accounting for a X% share of total imports. Moreover, bovine and equine leather imports from Spain exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%.

In value terms, Spain ($X) constituted the largest supplier of leather of bovine and equine animals to Algeria, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%.

Import Prices by Country

The average bovine and equine leather import price stood at $X per square meter in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2019 to 2022, the average import prices remained at a lower figure.

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 Turkey ($X per square meter), while the price for Spain stood at $X per square meter.

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

Source: IndexBox Platform

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