Central Asia: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Central Asia

The Central Asian bovine and equine leather market contracted to $X in 2021, shrinking by -2.4% against the previous year. Overall, consumption continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Central Asia

In value terms, bovine and equine leather production surged to $X in 2021 estimated in export price. Overall, production posted measured growth. The pace of growth appeared the most rapid in 2017 with an increase of 81% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in Central Asia

In 2021, shipments abroad of leather of bovine and equine animals was finally on the rise to reach X tons after three years of decline. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 99.9% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bovine and equine leather exports soared to $X in 2021. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 388%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Kazakhstan (X tons) and Uzbekistan (X tons) represented the main exporters of leather of bovine and equine animals in Central Asia, together constituting 65% of total exports. It was distantly followed by Kyrgyzstan (X tons) and Tajikistan (X tons), together making up a 30% share of total exports. Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +7.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Tajikistan ($X) constituted the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.

Kazakhstan, with a CAGR of +11.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price showed prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 144% against the previous year. The level of export peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports in Central Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of leather of bovine and equine animals, when their volume increased by 19% to X tons. Overall, imports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2015 when imports increased by 46%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, bovine and equine leather imports expanded rapidly to $X in 2021. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by 20%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mongolia (X tons) represented the main importer of leather of bovine and equine animals, committing 57% of total imports. It was distantly followed by Kazakhstan (X tons) and Kyrgyzstan (X tons), together mixing up a 38% share of total imports. Uzbekistan (X tons) took a little share of total imports.

Imports into Mongolia increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, Kyrgyzstan (+94.7%) and Uzbekistan (+32.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +94.7% from 2012-2021. By contrast, Kazakhstan (-12.9%) illustrated a downward trend over the same period. While the share of Mongolia (+30 p.p.), Kyrgyzstan (+14 p.p.) and Uzbekistan (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-42 p.p.) displayed negative dynamics.

In value terms, the largest bovine and equine leather importing markets in Central Asia were Mongolia ($X), Kazakhstan ($X) and Uzbekistan ($X), together comprising 90% of total imports. Kyrgyzstan lagged somewhat behind, accounting for a further 3.9%.

Among the main importing countries, Kyrgyzstan, with a CAGR of +75.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, which is down by -8.7% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by 43% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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