Western Africa: Sheep Leather Market 2024

Sheep Leather Market Size in Western Africa

The West African sheep leather market skyrocketed to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption showed resilient growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Sheep Leather Production in Western Africa

In value terms, sheep leather production surged to $X in 2023 estimated in export price. Overall, production showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Sheep Leather Exports

Exports in Western Africa

In 2023, shipments abroad of sheep or lamb skin leather decreased by X% to X square meters, falling for the fifth year in a row after two years of growth. Over the period under review, exports showed a mild slump. The growth pace was the most rapid 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 remained at a lower figure.

In value terms, sheep leather exports reduced to $X in 2023. In general, exports recorded a perceptible setback. The growth pace was 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 remained at a lower figure.

Exports by Country

Nigeria dominates exports structure, accounting for X square meters, which was approx. X% of total exports in 2023. Senegal (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (X%). Mali (X square meters) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to sheep leather exports from Nigeria stood at X%. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%) and Mali (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria and Burkina Faso increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) remains the largest sheep leather supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per square meter in 2023, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per square meter in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

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

Sheep Leather Imports

Imports in Western Africa

In 2023, imports of sheep or lamb skin leather in Western Africa contracted dramatically to X square meters, which is down by X% compared with the previous year's figure. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, sheep leather imports dropped sharply to $X in 2023. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Ghana (X square meters) was the major importer of sheep or lamb skin leather, mixing up X% of total imports. Mali (X square meters) ranks second in terms of the total imports with a X% share, followed by Senegal (X%) and Nigeria (X%). Niger (X square meters) took a relatively small share of total imports.

Ghana was also the fastest-growing in terms of the sheep or lamb skin leather imports, with a CAGR of X% from 2012 to 2023. Mali experienced a relatively flat trend pattern. Nigeria (X%), Niger (X%) and Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria, Niger and Senegal saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Mali ($X) constitutes the largest market for imported sheep or lamb skin leather in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mali totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 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.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mali ($X per square meter), while Ghana ($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 Mali (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform