Angola: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Angola

In 2021, after four years of decline, there was growth in the Angolan bovine and equine leather market, when its value increased by 3.3% to $X. Overall, consumption, however, saw a deep reduction. Bovine and equine leather consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Angola

In value terms, bovine and equine leather production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. Bovine and equine leather production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports from Angola

In 2021, approx. X tons of leather of bovine and equine animals were exported from Angola; with an increase of 59% against the previous year's figure. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 291% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, bovine and equine leather exports surged to $X in 2021. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 134%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Togo (X tons) was the main destination for bovine and equine leather exports from Angola, with a 85% share of total exports. Moreover, bovine and equine leather exports to Togo exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Togo stood at +11.6%.

In value terms, Togo ($X) remains the key foreign market for leather of bovine and equine animals exports from Angola, comprising 79% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Togo stood at +11.7%.

Export Prices by Country

The average bovine and equine leather export price stood at $X per ton in 2021, surging by 16% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 85% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Togo amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+164.6%).

Imports of Leather of Bovine and Equine Animals

Imports into Angola

Bovine and equine leather imports into Angola reduced sharply to X tons in 2021, falling by -22.5% against the previous year. Over the period under review, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, bovine and equine leather imports amounted to $X in 2021. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 184% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of bovine and equine leather to Angola, with a 67% share of total imports. Moreover, bovine and equine leather imports from India exceeded the figures recorded by the second-largest supplier, Namibia (X kg), sevenfold. The third position in this ranking was taken by China (X kg), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (+52.0% per year) and China (-17.3% per year).

In value terms, India ($X) constituted the largest supplier of leather of bovine and equine animals to Angola, comprising 80% of total imports. The second position in the ranking was taken by Portugal ($X), with a 6.4% share of total imports. It was followed by South Africa, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+34.2% per year) and South Africa (+63.3% per year).

Import Prices by Country

The average bovine and equine leather import price stood at $X per ton in 2021, rising by 37% against the previous year. Overall, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 48%. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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