Australia and Oceania: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Australia and Oceania

In 2021, after two years of growth, there was significant decline in the bovine and equine leather market in Australia and Oceania, when its value decreased by -39.6% to $X. In general, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Australia and Oceania

In value terms, bovine and equine leather production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 11%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in Australia and Oceania

In 2021, the amount of leather of bovine and equine animals exported in Australia and Oceania skyrocketed to X tons, rising by 26% on the previous year's figure. Overall, exports, however, saw a slight decrease. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, bovine and equine leather exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt decline. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Australia (X tons) and New Zealand (X tons), together finishing at 99.9% of total export.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of -1.1%).

In value terms, Australia ($X) and New Zealand ($X) constituted the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of -5.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, increasing by 24% against the previous year. In general, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 28% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-4.1%).

Imports of Leather of Bovine and Equine Animals

Imports in Australia and Oceania

After five years of decline, purchases abroad of leather of bovine and equine animals increased by 34% to X tons in 2021. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, bovine and equine leather imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt contraction. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, amounting to X tons, which was near 90% of total imports in 2021. It was distantly followed by Marshall Islands (X tons), mixing up a 4.7% share of total imports. New Zealand (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to bovine and equine leather imports into Australia stood at -6.8%. At the same time, Marshall Islands (+9.9%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.9% from 2012-2021. New Zealand experienced a relatively flat trend pattern. From 2012 to 2021, the share of Marshall Islands and New Zealand increased by +3.6 and +1.8 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported leather of bovine and equine animals in Australia and Oceania, comprising 94% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 4.2% share of total imports.

In Australia, bovine and equine leather imports contracted by an average annual rate of -6.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-3.8% per year) and Marshall Islands (+16.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, rising by 5.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Marshall Islands (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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