Indonesia: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Indonesia

In 2022, the Indonesian bovine and equine leather market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a tangible 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 hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Indonesia

In value terms, bovine and equine leather production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports from Indonesia

In 2022, exports of leather of bovine and equine animals from Indonesia reduced to X square meters, waning by X% against 2021. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bovine and equine leather exports rose notably to $X in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

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

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

In value terms, the largest markets for bovine and equine leather exported from Indonesia were China ($X), Vietnam ($X) and India ($X).

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bovine and equine leather export price stood at $X per square meter in 2022, surging by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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 Hong Kong SAR ($X per square meter), while the average price for exports to China ($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 South Korea (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 Indonesia

In 2022, the amount of leather of bovine and equine animals imported into Indonesia shrank slightly to X square meters, leveling off at 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, bovine and equine leather imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Vietnam (X square meters), China (X square meters) and Thailand (X square meters) were the main suppliers of bovine and equine leather imports to Indonesia, with a combined X% share of total imports. South Korea, Uruguay, Australia, Hong Kong SAR, India, Italy, Brazil, Mexico, Argentina and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

In value terms, Vietnam ($X), China ($X) and Thailand ($X) were the largest bovine and equine leather suppliers to Indonesia, together comprising X% of total imports. South Korea, Italy, Brazil, Hong Kong SAR, India, Taiwan (Chinese), Australia, Uruguay, Argentina and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other 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, picking up by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per square meter in 2015; however, from 2016 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 Italy ($X per square meter), while the price for Mexico ($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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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