Uzbekistan: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Uzbekistan

The Uzbek bovine and equine leather market declined markedly to $X in 2022, reducing by X% against the previous year. In general, consumption faced a sharp curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Uzbekistan

In value terms, bovine and equine leather production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Bovine and equine leather production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Uzbekistan

In 2022, approx. X square meters of leather of bovine and equine animals were exported from Uzbekistan; which is down by X% compared with 2021. In general, exports faced a sharp downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, bovine and equine leather exports reached $X in 2022. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X square meters) was the main destination for bovine and equine leather exports from Uzbekistan, accounting for a X% share of total exports. Moreover, bovine and equine leather exports to China exceeded the volume sent to the second major destination, Russia (X square meters), fourfold. The third position in this ranking was taken by Italy (X square meters), with a X% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Italy (X% per year).

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

From 2017 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Italy (X% per year).

Export Prices by Country

The average bovine and equine leather export price stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2021 to 2022, the average export prices remained at a lower figure.

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 China ($X per square meter), while the average price for exports to Turkey ($X per square meter) was amongst the lowest.

From 2017 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 mixed trend patterns.

Imports of Leather of Bovine and Equine Animals

Imports into Uzbekistan

In 2022, bovine and equine leather imports into Uzbekistan contracted to X square meters, shrinking by X% on 2021 figures. In general, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X square meters, and then fell in the following year.

In value terms, bovine and equine leather imports soared to $X in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Turkey (X square meters), Kazakhstan (X square meters) and Russia (X square meters) were the main suppliers of bovine and equine leather imports to Uzbekistan, together accounting for X% of total imports.

From 2017 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bovine and equine leather suppliers to Uzbekistan were Turkey ($X), Russia ($X) and India ($X), together comprising X% of total imports. Kazakhstan, Italy and Tajikistan lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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, picking up by X% against the previous year. In general, the import price, however, showed a abrupt downturn. The import price peaked at $X per square meter in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Turkey ($X per square meter), while the price for Kazakhstan ($X per square meter) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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