Uganda: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Uganda

In 2022, the Ugandan bovine and equine leather market was finally on the rise to reach $X after six years of decline. Over the period under review, the total consumption indicated resilient 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. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Uganda

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 perceptible curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production reached the peak level 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 from Uganda

In 2022, after two years of growth, there was significant decline in shipments abroad of leather of bovine and equine animals, when their volume decreased by X% to X square meters. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X square meters. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, bovine and equine leather exports declined sharply to $X in 2022. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X square meters), Italy (X square meters) and China (X square meters) were the main destinations of bovine and equine leather exports from Uganda, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced a decline.

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

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

Export Prices by Country

The average bovine and equine leather export price stood at $X per square meter in 2022, jumping by X% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price 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, bovine and equine leather export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per square meter), while the average price for exports to Kenya ($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 China (X%), while the prices for the other major destinations experienced a decline.

Imports of Leather of Bovine and Equine Animals

Imports into Uganda

In 2022, approx. X square meters of leather of bovine and equine animals were imported into Uganda; growing by X% compared with 2021 figures. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X square meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, bovine and equine leather imports surged to $X in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Kenya (X square meters), China (X square meters) and India (X square meters) were the main suppliers of bovine and equine leather imports to Uganda, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), India ($X) and Ethiopia ($X) constituted the largest bovine and equine leather suppliers to Uganda, together comprising X% of total imports.

Ethiopia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bovine and equine leather import price stood at $X per square meter in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per square meter), while the price for China ($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 Kenya (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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