Nepal: Leather Market 2024

Leather Market Size in Nepal

The Nepalese leather market fell markedly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a perceptible decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Leather Production in Nepal

In value terms, leather production fell to $X in 2022 estimated in export price. Overall, production showed a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Leather Exports

Exports from Nepal

In 2022, approx. X square meters of leather were exported from Nepal; picking up by X% compared with 2021. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, leather exports rose to $X in 2022. In general, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X square meters) was the main destination for leather exports from Nepal, with a X% share of total exports. Moreover, leather exports to India exceeded the volume sent to the second major destination, China (X square meters), more than tenfold. Indonesia (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

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

From 2012 to 2021, the average annual growth rate of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and China (X% per year).

Export Prices by Country

The average leather export price stood at $X per square meter in 2021, which is down by X% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per square meter), while the average price for exports to Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced a decline.

Leather Imports

Imports into Nepal

Leather imports into Nepal contracted modestly to X square meters in 2022, which is down by X% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. 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 square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, leather imports rose significantly to $X in 2022. Over the period under review, imports, however, posted a perceptible increase. 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 in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, India (X square meters) constituted the largest leather supplier to Nepal, with a X% share of total imports. It was followed by China (X square meters), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India was relatively modest.

In value terms, India ($X) constituted the largest supplier of leather to Nepal, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled X%.

Import Prices by Country

In 2021, the average leather import price amounted to $X per square meter, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 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 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per square meter), while the price for China totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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