Philippines: Prepared Sheep Leather Market 2020

Prepared Sheep Leather Exports

Exports from the Philippines

In 2018, the amount of sheep or lamb skin leather, prepared exported from the Philippines totaled X square meters, coming down by -X% against the previous year. In general, prepared sheep leather exports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. In that year, prepared sheep leather exports reached their peak of X square meters. From 2009 to 2018, the growth of prepared sheep leather exports remained at a somewhat lower figure.

In value terms, prepared sheep leather exports totaled $X in 2018. Overall, prepared sheep leather exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, prepared sheep leather exports attained their peak of $X. From 2009 to 2018, the growth of prepared sheep leather exports remained at a somewhat lower figure.

Exports by Country

The UK (X square meters) was the main destination for prepared sheep leather exports from the Philippines, with a X% share of total exports. Moreover, prepared sheep leather exports to the UK exceeded the volume sent to the second major destination, Ethiopia (X square meters), threefold. China, Hong Kong SAR (X square meters) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-X% per year) and China, Hong Kong SAR (+X% per year).

In value terms, Ethiopia ($X), the UK ($X) and Italy ($X) were the largest markets for prepared sheep leather exported from the Philippines worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Italy (+X% per year) experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average prepared sheep leather export price amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the export price indicated a moderate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, prepared sheep leather export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per square meter in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per square meter), while the average price for exports to the UK ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Prepared Sheep Leather Imports

Imports into the Philippines

In 2018, the amount of sheep or lamb skin leather, prepared imported into the Philippines totaled X square meters, going down by -X% against the previous year. Overall, prepared sheep leather imports continue to indicate an abrupt deduction. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. In that year, prepared sheep leather imports attained their peak of X square meters. From 2012 to 2018, the growth of prepared sheep leather imports remained at a lower figure.

In value terms, prepared sheep leather imports amounted to $X in 2018. Over the period under review, prepared sheep leather imports continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. In that year, prepared sheep leather imports attained their peak of $X. From 2012 to 2018, the growth of prepared sheep leather imports remained at a somewhat lower figure.

Imports by Country

In 2018, Uruguay (X square meters) constituted the largest prepared sheep leather supplier to the Philippines, with a X% share of total imports. Moreover, prepared sheep leather imports from Uruguay exceeded the figures recorded by the second-largest supplier, China (X square meters), fourfold. The third position in this ranking was occupied by India (X square meters), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Uruguay amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and India (-X% per year).

In value terms, the largest prepared sheep leather suppliers to the Philippines were China ($X), Uruguay ($X) and India ($X), with a combined X% share of total imports. Pakistan, South Africa, Italy, the UK, Chile, Ethiopia, Indonesia, France and China, Hong Kong SAR lagged somewhat behind, together comprising a further X terms of the main suppliers, South Africa recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average prepared sheep leather import price amounted to $X per square meter, increasing by X% against the previous year. Overall, the prepared sheep leather import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. The import price peaked at $X per square meter in 2008; however, from 2009 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was South Africa ($X per square meter), while the price for China, Hong Kong SAR ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ethiopia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform