Belgium: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Belgium

The Belgian bovine and equine leather market shrank notably to $X in 2021, waning by -18.7% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Belgium

In value terms, bovine and equine leather production expanded to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% 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 -13.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Bovine and equine leather production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Belgium

In 2021, shipments abroad of leather of bovine and equine animals increased by 149% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports saw a prominent expansion. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, bovine and equine leather exports skyrocketed to $X in 2021. In general, exports continue to indicate a modest increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Italy (X tons) and China (X tons) were the main destinations of bovine and equine leather exports from Belgium, with a combined 84% 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 Thailand (with a CAGR of +121.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bovine and equine leather exported from Belgium were Italy ($X), France ($X) and Thailand ($X), with a combined 56% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of +90.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bovine and equine leather export price stood at $X per ton in 2021, which is down by -23.4% against the previous year. Over the period under review, the export price recorded a noticeable setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Thailand ($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 (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Belgium

In 2021, overseas purchases of leather of bovine and equine animals were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a slight downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bovine and equine leather imports skyrocketed to $X in 2021. Overall, imports, however, recorded a slight decrease. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), the UK (X tons) and Slovakia (X tons) were the main suppliers of bovine and equine leather imports to Belgium, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +62.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bovine and equine leather suppliers to Belgium were Italy ($X), the UK ($X) and Slovakia ($X), with a combined 90% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +53.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average bovine and equine leather import price amounted to $X per ton, waning by -32.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 59%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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