South-Eastern Asia: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in South-Eastern Asia

The Southeast Asian bovine and equine leather market dropped to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period 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 peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in South-Eastern Asia

In value terms, bovine and equine leather production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in South-Eastern Asia

Bovine and equine leather exports soared to X square meters in 2022, picking up by X% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports surged to $X in 2022. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X square meters) and Vietnam (X square meters) dominates exports structure, together achieving X% of total exports. The following exporters - Indonesia (X square meters) and Cambodia (X square meters) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Cambodia lagged somewhat behind, comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per square meter, waning by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per square meter in 2015; however, from 2016 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 Thailand ($X per square meter), while Cambodia ($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 Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in South-Eastern Asia

Bovine and equine leather imports totaled X square meters in 2022, remaining stable against the year before. Total imports indicated prominent growth from 2012 to 2022: its volume 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 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, bovine and equine leather imports rose to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Vietnam (X square meters) represented the major importer of leather of bovine and equine animals, achieving X% of total imports. Indonesia (X square meters) took the second position in the ranking, followed by Thailand (X square meters). All these countries together took near X% share of total imports. Cambodia (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bovine and equine leather imports into Vietnam stood at X%. At the same time, Cambodia (X%), Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported leather of bovine and equine animals in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per square meter in 2022, approximately equating the previous year. Overall, the import price, however, saw a perceptible decrease. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($X per square meter), while Vietnam ($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 Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :