SADC: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in SADC

In 2022, the SADC bovine and equine leather market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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 stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in SADC

In value terms, bovine and equine leather production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in SADC

In 2022, overseas shipments of leather of bovine and equine animals increased by X% to X square meters, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X square meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, bovine and equine leather exports declined modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 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

South Africa prevails in exports structure, finishing at X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Malawi (X square meters), generating a X% share of total exports. The following exporters - Zambia (X square meters) and Namibia (X square meters) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bovine and equine 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 in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, bovine and equine leather exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Malawi (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per square meter, waning 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 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 mixed trends in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in SADC

In 2022, approx. X square meters of leather of bovine and equine animals were imported in SADC; shrinking by X% on 2021. Overall, imports showed a abrupt decline. The growth pace was 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 failed to regain momentum.

In value terms, bovine and equine leather imports reduced to $X in 2022. In general, imports saw a abrupt decline. The pace of growth was the most pronounced 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 failed to regain momentum.

Imports by Country

South Africa was the largest importing country with an import of around X square meters, which recorded X% of total imports. Namibia (X square meters) held the second position in the ranking, distantly followed by Zimbabwe (X square meters). All these countries together held approx. X% share of total imports. Madagascar (X square meters), Tanzania (X square meters) and Mauritius (X square meters) took a relatively small share of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%), Namibia (X%), Zimbabwe (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) illustrated a downward trend over the same period. While the share of Namibia (X p.p.), Zimbabwe (X p.p.), Tanzania (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, bovine and equine leather imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Madagascar (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per square meter, growing by X% against the previous year. Import price indicated a tangible 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. Based on 2022 figures, bovine and equine leather import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per square meter), while Namibia ($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 South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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