MERCOSUR: Leather Market 2024

Leather Market Size in MERCOSUR

The MERCOSUR leather market reduced modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Leather Production in MERCOSUR

In value terms, leather production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a noticeable shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 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.

Leather Exports

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded decline in shipments abroad of leather, which decreased by X% to X square meters in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, leather exports contracted to $X in 2022. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X square meters) represented the key exporter of leather, achieving X% of total exports. Paraguay (X square meters) ranks second in terms of the total exports with a X% share, followed by Uruguay (X%). Venezuela (X square meters), Colombia (X square meters) and Argentina (X square meters) took a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of leather. At the same time, Uruguay (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Venezuela experienced a relatively flat trend pattern. By contrast, Argentina (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Uruguay (X p.p.) and Paraguay (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 ($X) remains the largest leather supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per square meter in 2022, remaining constant against the previous year. Overall, the export price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced 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 failed to regain momentum.

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 ($X per square meter), while Paraguay ($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 Venezuela (X%), while the other leaders experienced a decline in the export price figures.

Leather Imports

Imports in MERCOSUR

In 2022, the amount of leather imported in MERCOSUR fell to X square meters, dropping by X% against the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters, and then dropped in the following year.

In value terms, leather imports declined modestly to $X in 2022. In general, imports recorded a noticeable downturn. 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 attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X square meters) represented the largest importer of leather, committing X% of total imports. Paraguay (X square meters) ranks second in terms of the total imports with a X% share, followed by Uruguay (X%), Ecuador (X%) and Argentina (X%). The following importers - Chile (X square meters) and Peru (X square meters) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to leather imports into Brazil stood at X%. At the same time, Ecuador (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%), Chile (X%), Peru (X%) and Uruguay (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Paraguay (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.), Chile (X p.p.), Peru (X p.p.) and Uruguay (X p.p.) displayed negative dynamics.

In value terms, the largest leather importing markets in MERCOSUR were Uruguay ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total imports. Chile, Paraguay, Peru and Ecuador lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per square meter), while Paraguay ($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 Uruguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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