Rabbit, Hare or Lamb Furskin Market

The article delves into the growing demand for tanned or dressed whole furskins of rabbit, hare, or lamb worldwide, with projections of market expansion in terms of consumption and value. Data reveals an anticipated CAGR of +5.6% in market volume and +5.9% in market value from 2022 to 2030. Key findings include consumption patterns, production figures, import/export statistics, and trends in major importing and exporting countries such as Spain, Italy, China, and Turkey. Insightful analysis highlights growth rates, market sizes, and average prices, offering a comprehensive overview of the global market for rabbit, hare, and lamb furskins.

Market Forecast

Driven by increasing demand for tanned or dressed whole furskins of rabbit, hare or lamb worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market volume to 97M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market value to $1.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb

In 2022, approx. 63M units of tanned or dressed whole furskins of rabbit, hare or lamb were consumed worldwide; with an increase of 7.5% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, global consumption hit record highs at 82M units in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

The size of the market for tanned or dressed whole furskins of rabbit, hare or lamb worldwide was estimated at $995M in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a noticeable decline. Over the period under review, the global market hit record highs at $1.7B in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Spain (14M units), Italy (11M units) and Tanzania (5.1M units), with a combined 48% share of global consumption. Colombia, Argentina, France, New Zealand, China, Turkey, Vietnam, Brazil, Russia and Germany lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +30.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($208M), Spain ($148M) and New Zealand ($72M) constituted the countries with the highest levels of market value in 2022, with a combined 43% share of the global market. Tanzania, Italy, Argentina, France, Vietnam, China, Colombia, Germany, Russia and Brazil lagged somewhat behind, together comprising a further 35%.

Among the main consuming countries, Argentina, with a CAGR of +29.9%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of rabbit, hare or lamb furskin per capita consumption in 2022 were New Zealand (511 units per 1000 persons), Spain (291 units per 1000 persons) and Italy (187 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Argentina (with a CAGR of +29.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb

Global rabbit, hare or lamb furskin production contracted modestly to 67M units in 2022, approximately equating 2021. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. Global production peaked at 89M units in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, rabbit, hare or lamb furskin production dropped to $1.1B in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The growth pace was the most rapid in 2017 when the production volume increased by 63%. Global production peaked at $2.6B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Spain (15M units), Italy (9.8M units) and China (8.4M units), with a combined 49% share of global production.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +6.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb

Global rabbit, hare or lamb furskin imports reduced to 20M units in 2022, which is down by -11.2% on the previous year's figure. Overall, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Over the period under review, global imports attained the maximum at 32M units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, rabbit, hare or lamb furskin imports fell notably to $377M in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Global imports peaked at $884M in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports By Country

Spain (2.5M units), Germany (2.1M units), Italy (1.7M units), Vietnam (1.5M units), Russia (1.2M units), China (1.2M units), Thailand (1.1M units), the UK (0.9M units), the United States (0.7M units), the Netherlands (0.5M units), Sweden (0.5M units) and Norway (0.5M units) represented roughly 73% of total imports in 2022. Belarus (418K units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +17.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest rabbit, hare or lamb furskin importing markets worldwide were Italy ($47M), Germany ($42M) and Vietnam ($34M), together accounting for 32% of global imports. China, the United States, Sweden, the UK, Russia, the Netherlands, Thailand, Spain, Norway and Belarus lagged somewhat behind, together comprising a further 33%.

Thailand, with a CAGR of +20.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Import Prices By Country

In 2022, the average import price for tanned or dressed whole furskins of rabbit, hare or lamb amounted to $19 per unit, declining by -4.8% against the previous year. Over the period under review, the import price recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of 9.1% against the previous year. Global import price peaked at $28 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($32 per unit), while Spain ($2.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Tanned or Dressed Whole Furskins of Rabbit, Hare or Lamb

In 2022, global rabbit, hare or lamb furskin exports reduced markedly to 24M units, which is down by -22.9% compared with 2021. Overall, exports showed a pronounced slump. The growth pace was the most rapid in 2021 when exports increased by 35%. Over the period under review, the global exports attained the peak figure at 35M units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, rabbit, hare or lamb furskin exports reduced remarkably to $429M in 2022. Over the period under review, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 39%. Over the period under review, the global exports hit record highs at $1B in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

China was the major exporting country with an export of around 7.8M units, which resulted at 33% of total exports. It was distantly followed by Spain (3.2M units), Brazil (2.8M units), Turkey (2M units) and France (1.1M units), together creating a 39% share of total exports. Germany (960K units), Portugal (827K units), Colombia (739K units), Belarus (608K units), the Netherlands (480K units) and Italy (431K units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.1% from 2012 to 2022. At the same time, Belarus (+17.2%), Colombia (+11.8%), the Netherlands (+5.3%), France (+4.0%) and Brazil (+1.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.2% from 2012-2022. Germany and Turkey experienced a relatively flat trend pattern. By contrast, Portugal (-7.2%), Spain (-8.4%) and Italy (-14.3%) illustrated a downward trend over the same period. China (+23 p.p.), Brazil (+4.6 p.p.), France (+2.5 p.p.), Colombia (+2.4 p.p.), Turkey (+2.3 p.p.) and Belarus (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while Portugal, Italy and Spain saw its share reduced by -1.7%, -4.2% and -9.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($104M) remains the largest rabbit, hare or lamb furskin supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by Turkey ($52M), with a 12% share of global exports. It was followed by Spain, with an 11% share.

In China, rabbit, hare or lamb furskin exports expanded at an average annual rate of +1.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (-4.5% per year) and Spain (-7.8% per year).

Export Prices By Country

In 2022, the average export price for tanned or dressed whole furskins of rabbit, hare or lamb amounted to $18 per unit, picking up by 6.9% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices attained the peak figure at $29 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($91 per unit), while France ($1.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform