Southern Asia: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Southern Asia

For the fourth consecutive year, the South Asian bovine and equine leather market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Leather of Bovine and Equine Animals in Southern Asia

In value terms, bovine and equine leather production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked 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 Southern Asia

In 2022, shipments abroad of leather of bovine and equine animals increased by X% to X square meters, rising for the second year in a row after two years of decline. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports declined slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India represented the largest exporting country with an export of around X square meters, which resulted at X% of total exports. Bangladesh (X square meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (X%). Nepal (X square meters) took a little share of total exports.

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

In value terms, the largest bovine and equine leather supplying countries in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Bangladesh, 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

In 2022, the export price in Southern Asia amounted to $X per square meter, shrinking by X% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per square meter), while Nepal ($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 Bangladesh (X%), while the other leaders experienced a decline in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in Southern Asia

In 2022, after two years of decline, there was significant growth in supplies from abroad of leather of bovine and equine animals, when their volume increased by X% to X square meters. In general, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bovine and equine leather imports soared to $X in 2022. Total imports indicated buoyant 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 most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the largest importer of leather of bovine and equine animals in Southern Asia, with the volume of imports recording X square meters, which was near X% of total imports in 2022. It was distantly followed by Bangladesh (X square meters), generating a X% share of total imports. Afghanistan (X square meters) and Pakistan (X square meters) held a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%), Afghanistan (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported leather of bovine and equine animals in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per square meter in 2022, dropping by X% against the previous year. In general, the import price showed a deep slump. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2014; however, from 2015 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 Bangladesh ($X per square meter), while Afghanistan ($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 Afghanistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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