SADC: Leather Market 2024

Leather Market Size in SADC

The SADC leather market rose modestly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Leather Production in SADC

In value terms, leather production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Leather Exports

Exports in SADC

In 2022, shipments abroad of leather increased by X% to X square meters, rising for the second year in a row after six years of decline. Over the period under review, exports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X square meters. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, leather exports shrank to $X in 2022. In general, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, amounting to X square meters, which was near X% of total exports in 2022. It was distantly followed by Malawi (X square meters), achieving a X% share of total exports. The following exporters - Zambia (X square meters) and Namibia (X square meters) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to leather exports from South Africa stood at X%. At the same time, Malawi (X%) displayed positive paces of growth. Moreover, Malawi emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Zambia (X%) and Namibia (X%) illustrated a downward trend over the same period. While the share of Malawi (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest leather supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports. It was followed by Zambia, with a X% share.

In South Africa, leather exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Zambia (X% per year).

Export Prices by Country

The export price in SADC stood at $X per square meter in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2021, and then shrank in the following year.

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 Namibia ($X per square meter), while Malawi ($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 South Africa (X%), while the other leaders experienced more modest paces of growth.

Leather Imports

Imports in SADC

Leather imports fell to X square meters in 2022, with a decrease of X% against the previous year's figure. Over the period under review, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. 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, leather imports dropped to $X in 2022. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X square meters), distantly followed by Madagascar (X square meters), Namibia (X square meters), Lesotho (X square meters), Democratic Republic of the Congo (X square meters), Swaziland (X square meters) and Angola (X square meters) were the major importers of leather, together achieving X% of total imports.

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

In value terms, South Africa ($X) constitutes the largest market for imported leather in SADC, comprising X% of total imports. The second position in the ranking was held by Lesotho ($X), with an X% share of total imports. It was followed by Madagascar, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Lesotho (X% per year) and Madagascar (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild decline. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked at $X per square meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per square meter), while Namibia ($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 Democratic Republic of the Congo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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