Argentina: Sheep Leather Market 2024

Sheep Leather Market Size in Argentina

In 2021, the Argentinian sheep leather market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.3% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Sheep Leather Production in Argentina

In value terms, sheep leather production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -22.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 68% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Sheep Leather Exports

Exports from Argentina

Sheep leather exports from Argentina rose remarkably to X square meters in 2021, increasing by 5.1% against the year before. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 128% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sheep leather exports surged to $X in 2021. Overall, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 62% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X square meters) was the main destination for sheep leather exports from Argentina, accounting for a 75% share of total exports. Moreover, sheep leather exports to India exceeded the volume sent to the second major destination, the United States (X square meters), fourfold. The third position in this ranking was held by Italy (X square meters), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.2% per year) and Italy (+20.1% per year).

In value terms, India ($X) remains the key foreign market for sheep or lamb skin leather exports from Argentina, comprising 56% of total exports. The second position in the ranking was held by Italy ($X), with a 24% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+23.5% per year) and the United States (+6.1% per year).

Export Prices by Country

The average sheep leather export price stood at $X per square meter in 2021, jumping by 22% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep leather export price decreased by -26.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 62%. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per square meter), while the average price for exports to India ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.8%), while the prices for the other major destinations experienced a decline.

Sheep Leather Imports

Imports into Argentina

In 2021, imports of sheep or lamb skin leather into Argentina surged to X square meters, with an increase of 117% against the previous year's figure. Over the period under review, imports, however, saw a abrupt downturn. Over the period under review, imports attained the peak figure at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sheep leather imports soared to $X in 2021. Overall, imports posted a modest expansion. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X square meters) constituted the largest sheep leather supplier to Argentina, accounting for a 73% share of total imports. Moreover, sheep leather imports from Brazil exceeded the figures recorded by the second-largest supplier, Bolivia (X square meters), threefold. The third position in this ranking was taken by Italy (X square meters), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +95.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (-7.5% per year) and Italy (-11.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of sheep or lamb skin leather to Argentina, comprising 64% of total imports. The second position in the ranking was taken by Italy ($X), with a 20% share of total imports. It was followed by Bolivia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +94.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.3% per year) and Bolivia (-9.9% per year).

Import Prices by Country

In 2021, the average sheep leather import price amounted to $X per square meter, growing by 58% against the previous year. In general, the import price recorded a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 106%. The import price peaked at $X per square meter in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Bolivia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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