SADC: Sheep Leather Market 2024

Sheep Leather Market Size in SADC

The SADC sheep leather market expanded sharply to $X in 2023, growing by X% against the previous year. Over the period under review, consumption posted a strong increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Sheep Leather Production in SADC

In value terms, sheep leather production expanded rapidly to $X in 2023 estimated in export price. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Sheep Leather Exports

Exports in SADC

In 2023, exports of sheep or lamb skin leather in SADC rose sharply to X square meters, picking up by X% compared with the year before. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X square meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, sheep leather exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

South Africa represented the major exporting country with an export of around X square meters, which accounted for X% of total exports. It was distantly followed by Namibia (X square meters), Tanzania (X square meters) and Swaziland (X square meters), together comprising a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest sheep leather supplying countries in SADC were South Africa ($X), Namibia ($X) and Swaziland ($X), with a combined X% share of total exports.

In terms of the main exporting countries, South Africa, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in SADC stood at $X per square meter in 2023, growing by X% against the previous year. Export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per square meter), while Tanzania ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Sheep Leather Imports

Imports in SADC

In 2023, purchases abroad of sheep or lamb skin leather decreased by X% to X square meters, falling for the second consecutive year after four years of growth. Over the period under review, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, sheep leather imports fell significantly to $X in 2023. Overall, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Mauritius represented the major importing country with an import of about X square meters, which amounted to X% of total imports. It was distantly followed by South Africa (X square meters), achieving a X% share of total imports. Botswana (X square meters) followed a long way behind the leaders.

Mauritius was also the fastest-growing in terms of the sheep or lamb skin leather imports, with a CAGR of X% from 2012 to 2023. Botswana (X%) and South Africa (X%) illustrated a downward trend over the same period. Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritius ($X) constitutes the largest market for imported sheep or lamb skin leather in SADC, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Mauritius amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per square meter, jumping by X% against the previous year. In general, the import price continues to indicate a mild expansion. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Botswana ($X per square meter), while South Africa ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Botswana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform