Sheep, Goat, Swine or Reptile Leather Market

The article delves into the global market for sheep, goat, swine, or reptile leather, highlighting a projected decline in demand and consumption over the next eight years. Market performance is forecasted to contract both in volume and value terms, with notable declines in consumption, production, imports, and exports. Key insights include the top consuming and producing countries, import and export trends, per capita consumption rates, and average prices. The analysis provides a comprehensive overview of the current state and future outlook of the global leather market.

Market Forecast

Depressed by shrinking demand for sheep, goat, swine or reptile leather worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -0.2% for the period from 2022 to 2030, which is projected to depress the market volume to 750M square meters by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market value to $10.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Global consumption of sheep, goat, swine or reptile leather, excluding chamois leather reduced modestly to 763M square meters in 2022, with a decrease of -4.7% on the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, global consumption of hit record highs at 909M square meters in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

The size of the market for sheep, goat, swine or reptile leather, excluding chamois leather worldwide reduced slightly to $9.1B in 2022, therefore, remained relatively stable against 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $10.8B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (98M square meters), the United States (77M square meters) and India (49M square meters), with a combined 29% share of global consumption. Thailand, Italy, Pakistan, Indonesia, Bangladesh, Germany, Cambodia, the UK, Nigeria and Qatar lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +29.7%), while leather for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.8B) led the market, alone. The second position in the ranking was held by India ($697M). It was followed by Italy.

In the United States, the market of sheep, goat, swine or reptile leather, excluding chamois leather increased at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-1.4% per year) and Italy (-5.4% per year).

In 2022, the highest levels of per capita consumption of sheep, goat, swine or reptile leather, excluding chamois leather was registered in Qatar (5,164 square meters per 1000 persons), followed by Cambodia (984 square meters per 1000 persons), Italy (589 square meters per 1000 persons) and Thailand (522 square meters per 1000 persons), while the world average per capita consumption of sheep, goat, swine or reptile leather was estimated at 96 square meters per 1000 persons.

In Qatar, per capita consumption of sheep, goat, swine or reptile leather, excluding chamois leather increased at an average annual rate of +1.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Cambodia (+27.7% per year) and Italy (-7.3% per year).

Production

World Production of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

In 2022, approx. 755M square meters of sheep, goat, swine or reptile leather, excluding chamois leather were produced worldwide; reducing by -8.1% compared with 2021 figures. In general, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 12% against the previous year. Global production peaked at 1B square meters in 2013; however, from 2014 to 2022, production failed to regain momentum.

In value terms, production of sheep, goat, swine or reptile leather, excluding chamois leather shrank to $9B in 2022 estimated in export price. Over the period under review, production recorded a perceptible contraction. The growth pace was the most rapid in 2013 when the production volume increased by 11%. As a result, production attained the peak level of $12.7B. From 2014 to 2022, global production of growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were the United States (77M square meters), China (71M square meters) and Thailand (57M square meters), with a combined 27% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of leather, amongst the main producing countries, was attained by Thailand (with a CAGR of +6.9%), while leather for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Global imports of sheep, goat, swine or reptile leather, excluding chamois leather declined notably to 186M square meters in 2022, dropping by -20% compared with the previous year. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Global imports peaked at 358M square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of sheep, goat, swine or reptile leather, excluding chamois leather rose notably to $2B in 2022. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, global imports of hit record highs at $4.2B in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, China (38M square meters), distantly followed by Italy (23M square meters), Cambodia (20M square meters), Vietnam (16M square meters), India (12M square meters) and Taiwan (Chinese) (8.6M square meters) represented the largest importers of sheep, goat, swine or reptile leather, excluding chamois leather, together committing 63% of total imports. Turkey (7.9M square meters), Spain (6.2M square meters), Pakistan (5.1M square meters), Portugal (3.7M square meters), Indonesia (3.6M square meters) and South Korea (3.3M square meters) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +31.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Italy ($469M) constitutes the largest market for imported sheep, goat, swine or reptile leather, excluding chamois leather worldwide, comprising 23% of global imports. The second position in the ranking was taken by China ($164M), with an 8% share of global imports. It was followed by Vietnam, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value in Italy stood at -4.9%. The remaining importing countries recorded the following average annual rates of imports growth: China (-10.7% per year) and Vietnam (+0.1% per year).

Import Prices By Country

The average import price for sheep, goat, swine or reptile leather, excluding chamois leather stood at $11 per square meter in 2022, growing by 36% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $12 per square meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($25 per square meter), while Taiwan (Chinese) ($1.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

In 2022, the amount of sheep, goat, swine or reptile leather, excluding chamois leather exported worldwide declined sharply to 178M square meters, waning by -29.7% on 2021. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The global exports peaked at 533M square meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of sheep, goat, swine or reptile leather, excluding chamois leather expanded notably to $2B in 2022. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. Over the period under review, the global exports of reached the maximum at $5B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Thailand (21M square meters), followed by Taiwan (Chinese) (14M square meters), Nigeria (14M square meters), India (14M square meters) and China (10M square meters) were the major exporters of sheep, goat, swine or reptile leather, excluding chamois leather, together achieving 41% of total exports. Saudi Arabia (7.9M square meters), Spain (7.5M square meters), Italy (7.3M square meters), Pakistan (7.1M square meters), Vietnam (6.8M square meters), Kenya (6.1M square meters), Turkey (5.1M square meters) and Hong Kong SAR (4.9M square meters) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +9.9%), while shipments for the other global leaders experienced mixed trends in the exports figures.

In value terms, the largest sheep, goat, swine or reptile leather supplying countries worldwide were Italy ($302M), Spain ($186M) and India ($159M), with a combined 33% share of global exports. China, Turkey, Nigeria, Pakistan, Thailand, Taiwan (Chinese), Hong Kong SAR, Saudi Arabia, Kenya and Vietnam lagged somewhat behind, together comprising a further 29%.

In terms of the main exporting countries, Thailand, with a CAGR of +6.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for sheep, goat, swine or reptile leather, excluding chamois leather amounted to $11 per square meter, with an increase of 53% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The global export price peaked at $12 per square meter in 2014; however, from 2015 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 ($42 per square meter), while Vietnam ($1.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+26.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform