Argentina: Leather Market 2022

Leather Market Size in Argentina

In 2021, the Argentinian leather market increased by 6.5% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, recorded a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Leather Production in Argentina

In value terms, leather production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 15% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Leather Exports

Exports from Argentina

In 2021, overseas shipments of leather decreased by -0.4% to X tons, falling for the second year in a row after three years of growth. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 33%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, leather exports reduced slightly to $X in 2021. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 when exports increased by 23%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main destinations of leather exports from Argentina, with a combined 69% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +15.9%), while the other leaders experienced a decline.

In value terms, China ($X) emerged as the key foreign market for leather exports from Argentina, comprising 15% of total exports. The second position in the ranking was held by the United States ($X), with a 7.2% share of total exports. It was followed by Hong Kong SAR, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.0% per year) and Hong Kong SAR (-17.4% per year).

Export Prices by Country

The average leather export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2014 an increase of 17%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Imports

Imports into Argentina

In 2021, overseas purchases of leather increased by 25% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 28%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, leather imports surged to $X in 2021. Overall, imports, however, saw a deep reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Uruguay (X tons), Brazil (X tons) and Paraguay (X tons) were the main suppliers of leather imports to Argentina, together comprising 76% of total imports. These countries were followed by the United States, Italy and Turkey, which together accounted for a further 6.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +38.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X) constituted the largest supplier of leather to Argentina, comprising 52% of total imports. The second position in the ranking was taken by Uruguay ($X), with a 25% share of total imports. It was followed by Paraguay, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-12.8% per year) and Paraguay (-21.1% per year).

Import Prices by Country

In 2021, the average leather import price amounted to $X per ton, rising by 15% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :