Bulgaria: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Bulgaria

The Bulgarian bovine and equine leather market was finally on the rise to reach $X in 2021, after eight years of decline. Overall, consumption, however, faced a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Bulgaria

In value terms, bovine and equine leather production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 35%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports from Bulgaria

In 2021, bovine and equine leather exports from Bulgaria expanded markedly to X tons, surging by 5.6% on the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 126% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bovine and equine leather exports shrank dramatically to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 72%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Greece (X tons) and Croatia (X tons) were the main destinations of bovine and equine leather exports from Bulgaria, with a combined 87% share of total exports. These countries were followed by Italy, Austria and North Macedonia, which together accounted for a further 9.2%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +257.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Greece ($X) and Austria ($X) constituted the largest markets for bovine and equine leather exported from Bulgaria worldwide, together accounting for 59% of total exports.

Austria, with a CAGR of +294.1%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, dropping by -26.8% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by 35%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($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 (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Bulgaria

In 2021, after three years of decline, there was significant growth in supplies from abroad of leather of bovine and equine animals, when their volume increased by 22% to X tons. Overall, imports, however, saw a noticeable curtailment. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bovine and equine leather imports fell slightly to $X in 2021. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by 17%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of bovine and equine leather to Bulgaria, with a 65% share of total imports. Moreover, bovine and equine leather imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.2% per year) and Germany (-10.5% per year).

In value terms, Italy ($X) constituted the largest supplier of leather of bovine and equine animals to Bulgaria, comprising 83% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.5% share of total imports. It was followed by Turkey, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Turkey (+17.8% per year).

Import Prices by Country

In 2021, the average bovine and equine leather import price amounted to $X per ton, which is down by -18.5% against the previous year. In general, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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