Bangladesh: Leather Market 2022

Leather Market Size in Bangladesh

The Bangladeshi leather market dropped to $X in 2021, declining by -6.1% against the previous year. Over the period under review, consumption showed a pronounced descent. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Leather Production in Bangladesh

In value terms, leather production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. Leather production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Leather Exports

Exports from Bangladesh

Leather exports from Bangladesh soared to X tons in 2021, growing by 85% against the previous year. Overall, exports, however, showed a mild setback. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, leather exports surged to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for leather exports from Bangladesh, with a 68% share of total exports. Moreover, leather exports to China exceeded the volume sent to the second major destination, India (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+36.5% per year) and Taiwan (Chinese) (+11.3% per year).

In value terms, China ($X) remains the key foreign market for leather exports from Bangladesh, comprising 61% of total exports. The second position in the ranking was held by Italy ($X), with a 7.5% share of total exports. It was followed by Hong Kong SAR, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-16.3% per year) and Hong Kong SAR (-23.1% per year).

Export Prices by Country

In 2021, the average leather export price amounted to $X per ton, declining by -27.8% against the previous year. Overall, the export price recorded a deep reduction. The growth pace was the most rapid in 2014 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 China (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Imports

Imports into Bangladesh

In 2021, supplies from abroad of leather was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 61%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, leather imports expanded significantly to $X in 2021. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 41%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest leather supplier to Bangladesh, with a 32% share of total imports. Moreover, leather imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+22.4% per year) and Australia (+6.4% per year).

In value terms, China ($X) constituted the largest supplier of leather to Bangladesh, comprising 32% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by India, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +52.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+15.3% per year) and India (+6.1% per year).

Import Prices by Country

In 2021, the average leather import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 10%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Pakistan ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :