Middle East: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in the Middle East

The Middle Eastern bovine and equine leather market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption continues to indicate a moderate expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in the Middle East

In value terms, bovine and equine leather production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in the Middle East

In 2022, bovine and equine leather exports in the Middle East dropped rapidly to X square meters, with a decrease of X% compared with the previous year's figure. Overall, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, bovine and equine leather exports contracted to $X in 2022. The total export 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. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, reaching X square meters, which was near X% of total exports in 2022. Saudi Arabia (X square meters), Iran (X square meters), Iraq (X square meters) and Israel (X square meters) held a relatively small share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Saudi Arabia (X%) and Iraq (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iraq (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest bovine and equine leather supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, bovine and equine leather exports expanded at 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: Israel (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per square meter, rising by X% against the previous year. Export price indicated a strong expansion 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. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per square meter), while Saudi Arabia ($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 Turkey (X%), while the other leaders experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports in the Middle East

After eight years of decline, purchases abroad of leather of bovine and equine animals increased by X% to X square meters in 2022. Over the period under review, imports, however, showed a perceptible reduction. The volume of import peaked at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, bovine and equine leather imports surged to $X in 2022. In general, imports, however, saw a slight shrinkage. 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 hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey prevails in imports structure, reaching X square meters, which was approx. X% of total imports in 2022. Iran (X square meters), the United Arab Emirates (X square meters) and Palestine (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 Turkey stood at X%. At the same time, Iran (X%), Palestine (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported leather of bovine and equine animals in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Palestine, with a X% share.

In Turkey, bovine and equine leather imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Palestine (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per square meter, shrinking by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per square meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates ($X per square meter), while Iran ($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 United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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