Finland: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Finland

The Finnish bovine and equine leather market surged to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Finland

In value terms, bovine and equine leather production dropped dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports from Finland

In 2022, shipments abroad of leather of bovine and equine animals increased by X% to X square meters, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, bovine and equine leather exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

India (X square meters) was the main destination for bovine and equine leather exports from Finland, accounting for a X% share of total exports. Moreover, bovine and equine leather exports to India exceeded the volume sent to the second major destination, China (X square meters), twofold. The third position in this ranking was taken by Latvia (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Latvia (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Latvia (X% per year).

Export Prices by Country

The average bovine and equine leather export price stood at $X per square meter in 2022, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per square meter), while the average price for exports to Italy ($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 Denmark (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 Finland

In 2022, the amount of leather of bovine and equine animals imported into Finland skyrocketed to X square meters, picking up by X% compared with 2021 figures. In general, imports, however, continue to indicate a abrupt decrease. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bovine and equine leather imports surged to $X in 2022. Overall, imports, however, recorded a slight setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X square meters) constituted the largest supplier of bovine and equine leather to Finland, with a X% share of total imports. Moreover, bovine and equine leather imports from Italy exceeded the figures recorded by the second-largest supplier, Estonia (X square meters), threefold. Germany (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (X% per year) and Germany (X% per year).

In value terms, Italy ($X), Germany ($X) and Estonia ($X) appeared to be the largest bovine and equine leather suppliers to Finland, with a combined X% share of total imports.

In terms of the main suppliers, Estonia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average bovine and equine leather import price amounted to $X per square meter, which is down by X% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price 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, bovine and equine leather import price decreased by X% against 2018 indices. The growth pace was the most rapid in 2016 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 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Italy ($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 Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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