Dominican Republic: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in the Dominican Republic

In 2021, the Dominican bovine and equine leather market increased by 140% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from the Dominican Republic

In 2021, exports of leather of bovine and equine animals from the Dominican Republic dropped to X tons, waning by -12.6% compared with the previous year. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 57%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of bovine and equine leather exports from the Dominican Republic, with a combined 44% share of total exports. Germany, Mexico, Turkey, the United States, Cambodia, Spain, Haiti and Hong Kong SAR lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +32.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bovine and equine leather exported from the Dominican Republic were Italy ($X), Germany ($X) and the United States ($X), with a combined 48% share of total exports.

Germany, with a CAGR of +31.0%, recorded the highest rates of growth with regard to 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

In 2021, the average bovine and equine leather export price amounted to $X per ton, rising by 53% against the previous year. Over the period under review, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Turkey (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into the Dominican Republic

After two years of decline, purchases abroad of leather of bovine and equine animals increased by 110% to X tons in 2021. In general, imports, however, faced a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, bovine and equine leather imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Italy (X tons) and Bolivia (X tons) were the main suppliers of bovine and equine leather imports to the Dominican Republic, together comprising 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +30.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Mexico ($X) and Italy ($X) were the largest bovine and equine leather suppliers to the Dominican Republic, with a combined 53% share of total imports. These countries were followed by Taiwan (Chinese), Brazil, Bolivia, South Korea, Colombia, Vietnam, Costa Rica and Paraguay, which together accounted for a further 21%.

Paraguay, with a CAGR of +16.3%, saw 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, reducing by -19.7% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bovine and equine leather import price decreased by -15.0% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 54%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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