Report Update: May 1, 2024

Nigeria - Leather Of Bovine And Equine Animals - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Bovine and Equine Leather in Nigeria - 2022

Price for Bovine and Equine Leather in Nigeria (CIF) - 2022

The average bovine and equine leather import price stood at $4,035 per ton in 2022, jumping by 71% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2016 an increase of 106%. The import price peaked at $8,223 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($18,430 per ton), while the price for Lebanon ($939 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bovine and Equine Leather in Nigeria (FOB) - 2022

In 2022, the average bovine and equine leather export price amounted to $6,659 per ton, surging by 9% against the previous year. Overall, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 118%. Over the period under review, the average export prices attained the peak figure at $9,652 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($29,630 per ton), while the average price for exports to Turkey ($864 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bovine and Equine Leather in Nigeria

Bovine and equine leather imports into Nigeria skyrocketed to 239 tons in 2022, picking up by 25% on 2021 figures. Overall, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 76%.

In value terms, bovine and equine leather imports surged to $965K in 2022. Over the period under review, imports, however, showed a abrupt descent.

Import of Bovine and Equine Leather in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	441	80.3	88.6	241	-18.2%
China	418	24.4	39.8	177	-24.9%
France	69.5	27.7	35.9	100	12.9%
Lebanon	71.7	23.3	37.7	76.8	2.3%
Germany	42.8	18.2	16.2	32.1	-9.1%
Spain	39.4	10.9	13.0	31.4	-7.3%
Sudan	41.9	10.6	6.9	26.3	-14.4%
South Africa	12.0	7.2	7.9	18.5	15.5%
Portugal	8.1	2.9	3.3	10.2	8.0%
Kenya	23.8	3.4	3.1	5.9	-37.2%
Namibia	18.4	6.4	N/A	N/A	-65.2%
Uganda	12.8	14.7	7.1	N/A	-25.5%
Peru	N/A	N/A	14.4	N/A	0%
Others	93.0	40.9	178	245	38.1%
Total	1,293	271	451	965	-9.3%

Top Suppliers of Bovine and Equine Leather to Nigeria in 2022:

Lebanon (81.8 tons)
Italy (56.3 tons)
China (9.6 tons)
Sudan (8.2 tons)
France (7.7 tons)
Spain (6.3 tons)
Kenya (5.8 tons)
Portugal (5.7 tons)
South Africa (4.7 tons)
Germany (3.4 tons)

Exports of Bovine and Equine Leather in Nigeria

In 2022, approx. 89 tons of leather of bovine and equine animals were exported from Nigeria; picking up by 13% on 2021. In general, exports, however, continue to indicate a abrupt shrinkage.

In value terms, bovine and equine leather exports surged to $592K in 2022. Overall, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year.

Export of Bovine and Equine Leather in Nigeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	270	87.6	169	212	-7.7%
Italy	172	82.6	120	147	-5.1%
Hong Kong SAR	182	79.3	95.4	117	-13.7%
China	105	35.2	43.9	48.3	-22.8%
Turkey	39.9	12.1	12.8	13.6	-30.1%
Benin	N/A	1.7	N/A	N/A	0%
Others	74.1	34.7	39.9	53.9	-10.1%
Total	843	333	481	592	-11.1%

Top Export Markets for Bovine and Equine Leather from Nigeria in 2022:

India (28.2 tons)
China (22.1 tons)
Italy (17.5 tons)
Turkey (15.8 tons)
Hong Kong SAR (4.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bovine and equine leather in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15113100 - Leather, of bovine animals, without hair, whole
Prodcom 15113200 - Leather, of bovine animals, without hair, not whole
Prodcom 15113300 - Leather, of equine animals, without hair

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023