Serbia: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Serbia

In 2022, the Serbian bovine and equine leather market increased by X% to $X, rising for the sixth consecutive year after three years of decline. In general, the total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Bovine and equine leather consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Leather of Bovine and Equine Animals in Serbia

In value terms, bovine and equine leather production surged to $X in 2022 estimated in export price. In general, production saw buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Leather of Bovine and Equine Animals

Exports from Serbia

In 2022, bovine and equine leather exports from Serbia declined modestly to X square meters, dropping by X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X square meters, and then shrank modestly in the following year.

In value terms, bovine and equine leather exports rose modestly to $X in 2022. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Italy (X square meters) was the main destination for bovine and equine leather exports from Serbia, accounting for a X% share of total exports. Moreover, bovine and equine leather exports to Italy exceeded the volume sent to the second major destination, Spain (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Slovenia (X% per year).

In value terms, Italy ($X) remains the key foreign market for leather of bovine and equine animals exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Slovenia (X% per year).

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. In general, the export price showed resilient growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2018; however, from 2019 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 Italy ($X per square meter), while the average price for exports to Slovenia ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Leather of Bovine and Equine Animals

Imports into Serbia

In 2022, approx. X square meters of leather of bovine and equine animals were imported into Serbia; surging by X% compared with the previous year's figure. Overall, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, bovine and equine leather imports surged to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X square meters) constituted the largest supplier of bovine and equine leather to Serbia, accounting for a X% share of total imports. Moreover, bovine and equine leather imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X square meters), fivefold. The third position in this ranking was taken by Turkey (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: Slovenia (X% per year) and Turkey (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (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, rising by X% against the previous year. Over the period under review, the import price, however, saw a pronounced curtailment. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2017 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Slovenia ($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 Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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