Bangladesh: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in Bangladesh

In 2021, the Bangladeshi sheepskin and lambskin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sheepskin and lambskin consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Bangladesh

In value terms, sheepskin and lambskin production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw moderate growth. The growth pace was the most rapid in 2018 when the production volume increased by 359% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

The average yield of sheep or lamb skins (without wool) in Bangladesh amounted to X kg per head in 2021, stabilizing at 2020 figures. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by 7.1% against the previous year. The sheepskin and lambskin yield peaked in 2021 and is expected to retain growth in the immediate term.

In 2021, approx. X heads of animals slaughtered for sheepskin and lambskin production in Bangladesh; increasing by 2.4% on 2020. This number increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 4.8% against the previous year. Over the period under review, this number attained the maximum level in 2021 and is likely to continue growth in years to come.

Sheepskin And Lambskin Exports

Exports from Bangladesh

In 2017, sheepskin and lambskin exports from Bangladesh surged to X tons, picking up by 3,870% compared with 2016. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sheepskin and lambskin exports surged to $X in 2017. Overall, exports, however, showed a precipitous setback. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for sheepskin and lambskin exports from Bangladesh, accounting for a 98% share of total exports. It was followed by Malaysia (X kg), with a 1.8% share of total exports.

From 2013 to 2017, the average annual growth rate of volume to Hong Kong SAR amounted to +98.4%.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for sheep or lamb skins (without wool) exports from Bangladesh, comprising 94% of total exports. The second position in the ranking was held by Malaysia ($X), with a 6.3% share of total exports.

From 2013 to 2017, the average annual growth rate of value to Hong Kong SAR amounted to +42.8%.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2017, reducing by -74.2% against the previous year. Overall, the export price saw a sharp setback. The pace of growth was the most pronounced in 2016 a decrease of -63.5%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2017, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2017, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Hong Kong SAR totaled $X per ton.

From 2013 to 2017, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-10.8%).

Sheepskin And Lambskin Imports

Imports into Bangladesh

In 2021, overseas purchases of sheep or lamb skins (without wool) increased by 2.9% to X tons, rising for the second consecutive year after two years of decline. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 88%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, sheepskin and lambskin imports rose notably to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 117% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Somalia (X tons) constituted the largest supplier of sheepskin and lambskin to Bangladesh, with a 80% share of total imports. Moreover, sheepskin and lambskin imports from Somalia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Somalia totaled +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.4% per year) and Hong Kong SAR (-22.5% per year).

In value terms, Somalia ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Bangladesh, comprising 83% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Somalia stood at +44.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.5% per year) and Hong Kong SAR (-12.2% per year).

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, rising by 5.3% against the previous year. Over the period under review, the import price showed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 21%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Somalia ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :