Latin America and the Caribbean: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Latin America and the Caribbean

The Latin American bovine and equine leather market shrank to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated modest growth 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. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Leather of Bovine and Equine Animals in Latin America and the Caribbean

In value terms, bovine and equine leather production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded decline in overseas shipments of leather of bovine and equine animals, which decreased by X% to X square meters in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bovine and equine leather exports declined to $X in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the largest exporter of leather of bovine and equine animals in Latin America and the Caribbean, with the volume of exports resulting at X square meters, which was near X% of total exports in 2022. Paraguay (X square meters) held the second position in the ranking, followed by Uruguay (X square meters). All these countries together held near X% share of total exports. Venezuela (X square meters), Colombia (X square meters), Argentina (X square meters) and Mexico (X square meters) took a minor share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of leather of bovine and equine animals. At the same time, Uruguay (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Venezuela experienced a relatively flat trend pattern. By contrast, Mexico (X%), Argentina (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Uruguay (X p.p.), Paraguay (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest bovine and equine leather supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

In Brazil, bovine and equine leather exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per square meter, remaining constant against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per square meter), while Venezuela ($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 Colombia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in Latin America and the Caribbean

In 2022, the amount of leather of bovine and equine animals imported in Latin America and the Caribbean dropped rapidly to X square meters, with a decrease of X% compared with 2021. Over the period under review, imports continue to indicate a slight setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, bovine and equine leather imports totaled $X in 2022. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X square meters) was the major importer of leather of bovine and equine animals, creating X% of total imports. It was distantly followed by Brazil (X square meters), Guatemala (X square meters), Costa Rica (X square meters), Paraguay (X square meters) and the Dominican Republic (X square meters), together making up a X% share of total imports. Uruguay (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bovine and equine leather imports into Mexico stood at X%. At the same time, Brazil (X%), Costa Rica (X%), Paraguay (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Uruguay (X%) and the Dominican Republic (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Costa Rica (X p.p.), Guatemala (X p.p.) and Paraguay (X p.p.) significantly strengthened its position in terms of the total imports, while Uruguay, the Dominican Republic and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported leather of bovine and equine animals in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per square meter, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Costa Rica ($X per square meter), while Paraguay ($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 the Dominican Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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