ASEAN: Sheep Leather Market 2024

Sheep Leather Market Size in ASEAN

The ASEAN sheep leather market rose rapidly to $X in 2023, picking up by X% against the previous year. Overall, consumption posted buoyant growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Sheep Leather Production in ASEAN

In value terms, sheep leather production expanded notably to $X in 2023 estimated in export price. In general, production recorded resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Sheep Leather Exports

Exports in ASEAN

In 2023, shipments abroad of sheep or lamb skin leather decreased by X% to X square meters, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X square meters in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, sheep leather exports declined remarkably to $X in 2023. Over the period under review, exports showed a sharp downturn. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Thailand (X square meters) and Indonesia (X square meters) represented roughly X% of total exports in 2023. Singapore (X square meters) ranks next in terms of the total exports with a X% share, followed by Vietnam (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Singapore (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Singapore, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per square meter, picking up by X% against the previous year. In general, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per square meter), while Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Sheep Leather Imports

Imports in ASEAN

In 2023, sheep leather imports in ASEAN shrank to X square meters, which is down by X% on the previous year. Overall, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X square meters in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, sheep leather imports shrank to $X in 2023. In general, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Indonesia (X square meters) was the key importer of sheep or lamb skin leather, mixing up X% of total imports. Vietnam (X square meters) took the second position in the ranking, distantly followed by Cambodia (X square meters). All these countries together took approx. X% share of total imports. Malaysia (X square meters) took a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Cambodia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia, Vietnam and Cambodia increased by X, X and X percentage points, respectively.

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

In Indonesia, sheep leather imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per square meter in 2023, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, 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