Ethiopia: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Ethiopia

The Ethiopian bovine and equine leather market dropped to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Leather of Bovine and Equine Animals in Ethiopia

In value terms, bovine and equine leather production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Bovine and equine leather production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Ethiopia

In 2022, the amount of leather of bovine and equine animals exported from Ethiopia declined to X square meters, which is down by X% on 2021 figures. Over the period under review, exports saw a mild contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X square meters. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bovine and equine leather exports plummeted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. 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. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X square meters), the United States (X square meters) and Sweden (X square meters) were the main destinations of bovine and equine leather exports from Ethiopia, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for leather of bovine and equine animals exports from Ethiopia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average bovine and equine leather export price amounted to $X per square meter, dropping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 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 for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Hong Kong SAR ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Leather of Bovine and Equine Animals

Imports into Ethiopia

In 2022, imports of leather of bovine and equine animals into Ethiopia skyrocketed to X square meters, growing by X% on 2021 figures. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, bovine and equine leather imports soared to $X in 2022. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X square meters) constituted the largest bovine and equine leather supplier to Ethiopia, with a approx. X% share of total imports.

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

In value terms, the UK ($X) constituted the largest supplier of leather of bovine and equine animals to Ethiopia.

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

Import Prices by Country

The average bovine and equine leather import price stood at $X per square meter in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2016 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to X% per year.

Source: IndexBox Platform

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