Romania: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Romania

The Romanian bovine and equine leather market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a abrupt contraction. Bovine and equine leather consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Romania

In value terms, bovine and equine leather production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production saw a sharp shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports from Romania

Bovine and equine leather exports from Romania contracted significantly to X square meters in 2022, waning by X% against the year before. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, bovine and equine leather exports expanded remarkably to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ukraine (X square meters), Italy (X square meters) and India (X square meters) were the main destinations of bovine and equine leather exports from Romania, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Ukraine ($X) and Moldova ($X) appeared to be the largest markets for bovine and equine leather exported from Romania worldwide, with a combined X% share of total exports. Germany, Bosnia and Herzegovina, Albania, Tunisia and India lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bovine and equine leather export price amounted to $X per square meter, with an increase of X% against the previous year. Overall, the export price, however, recorded a slight slump. The export price peaked at $X per square meter in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per square meter), while the average price for exports to India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Leather of Bovine and Equine Animals

Imports into Romania

In 2022, the amount of leather of bovine and equine animals imported into Romania shrank remarkably to X square meters, waning by X% compared with 2021. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs 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 contracted slightly to $X in 2022. Overall, imports recorded a abrupt slump. 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 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X square meters) constituted the largest supplier of bovine and equine leather to Romania, with a X% share of total imports. Moreover, bovine and equine leather imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X square meters), more than tenfold. The third position in this ranking was held by Germany (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Italy ($X) constituted the largest supplier of leather of bovine and equine animals to Romania, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

Import Prices by Country

The average bovine and equine leather import price stood at $X per square meter in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per square meter), while the price for India ($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 India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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