Southern Asia: Sheep Leather Market 2024

Sheep Leather Market Size in Southern Asia

The South Asian sheep leather market expanded notably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Sheep Leather Production in Southern Asia

In value terms, sheep leather production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Sheep Leather Exports

Exports in Southern Asia

After two years of growth, shipments abroad of sheep or lamb skin leather decreased by X% to X square meters in 2023. Overall, exports showed a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, sheep leather exports expanded rapidly to $X in 2023. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan (X square meters) and India (X square meters) dominates exports structure, together mixing up X% of total exports. Afghanistan (X square meters) and Bangladesh (X square meters) took a relatively small share of total exports.

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

In value terms, Pakistan ($X), India ($X) and Bangladesh ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the export price in Southern Asia amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Bangladesh ($X per square meter), while Afghanistan ($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 Bangladesh (X%), while the other leaders experienced mixed trends in the export price figures.

Sheep Leather Imports

Imports in Southern Asia

In 2023, approx. X square meters of sheep or lamb skin leather were imported in Southern Asia; waning by X% compared with 2022. Total imports indicated temperate growth from 2012 to 2023: its volume 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. Based on 2023 figures, imports increased by X% against 2021 indices. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X square meters in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, sheep leather imports dropped to $X in 2023. In general, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, amounting to X square meters, which was near X% of total imports in 2023. It was distantly followed by Pakistan (X square meters), making up an X% share of total imports.

India was also the fastest-growing in terms of the sheep or lamb skin leather imports, with a CAGR of X% from 2012 to 2023. Pakistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points.

In value terms, India ($X) constitutes the largest market for imported sheep or lamb skin leather in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with an X% share of total imports.

In India, sheep leather imports declined by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per square meter, falling by X% against the previous year. In general, the import price showed a deep reduction. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per square meter), while Pakistan stood at $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Source: IndexBox Platform