Denmark: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Denmark

In 2021, the Danish bovine and equine leather market increased by 118% to $X, rising for the second year in a row after four years of decline. In general, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Leather of Bovine and Equine Animals in Denmark

In value terms, bovine and equine leather production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45% against the previous year. Bovine and equine leather production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports from Denmark

Bovine and equine leather exports from Denmark plummeted to X tons in 2021, with a decrease of -22.7% against the previous year. Overall, total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -32.4% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 27%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, bovine and equine leather exports expanded significantly to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 36% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for bovine and equine leather exports from Denmark, with a 55% share of total exports. Moreover, bovine and equine leather exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.0% per year) and Poland (+5.8% per year).

In value terms, Italy ($X) remains the key foreign market for leather of bovine and equine animals exports from Denmark, comprising 41% of total exports. The second position in the ranking was taken by Poland ($X), with a 20% share of total exports. It was followed by Germany, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+2.0% per year) and Germany (-9.7% per year).

Export Prices by Country

In 2021, the average bovine and equine leather export price amounted to $X per ton, picking up by 43% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Japan (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Denmark

In 2021, approx. X tons of leather of bovine and equine animals were imported into Denmark; rising by 53% compared with the previous year's figure. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bovine and equine leather imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest bovine and equine leather supplier to Denmark, with a 55% share of total imports. Moreover, bovine and equine leather imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Sweden (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.7% per year) and Sweden (+5.2% per year).

In value terms, Italy ($X), Germany ($X) and Sweden ($X) were the largest bovine and equine leather suppliers to Denmark, together comprising 68% of total imports. These countries were followed by the Netherlands, Belgium, Brazil, Estonia, Poland and Finland, which together accounted for a further 26%.

Estonia, with a CAGR of +51.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bovine and equine leather import price stood at $X per ton in 2021, picking up by 2.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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