Report Update Nov 1, 2024

Ecuador - Leather of Bovine and Equine Animals - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Ecuador

The Ecuadorian bovine and equine leather market declined dramatically to $X in 2021, reducing by -46.8% against the previous year. In general, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Ecuador

In value terms, bovine and equine leather production rose markedly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 60%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Ecuador

In 2021, overseas shipments of leather of bovine and equine animals were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports posted prominent growth. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, bovine and equine leather exports surged to $X in 2021. Overall, exports saw a prominent expansion. Over the period under review, the exports attained the maximum 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 Thailand (X tons) were the main destinations of bovine and equine leather exports from Ecuador, together comprising 72% 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 +560.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bovine and equine leather exported from Ecuador were Hong Kong SAR ($X), China ($X) and Italy ($X), together comprising 69% of total exports. Thailand, Mexico, Panama and Brazil lagged somewhat behind, together accounting for a further 18%.

In terms of the main countries of destination, Thailand, with a CAGR of +560.2%, 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, with a decrease of -34.9% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 37%. The export price peaked at $X per ton in 2019; however, from 2020 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 Hong Kong SAR ($X per ton), while the average price for exports to Brazil ($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 Hong Kong SAR (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Ecuador

In 2021, purchases abroad of leather of bovine and equine animals was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 289%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, bovine and equine leather imports skyrocketed to $X in 2021. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) was the main bovine and equine leather supplier to Ecuador, accounting for a 91% share of total imports. Moreover, bovine and equine leather imports from Brazil exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +80.9%.

In value terms, Brazil ($X) constituted the largest supplier of leather of bovine and equine animals to Ecuador, comprising 84% of total imports. The second position in the ranking was held by Colombia ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +44.2%.

Import Prices by Country

The average bovine and equine leather import price stood at $X per ton in 2021, increasing by 61% against the previous year. Overall, the import price, however, recorded a deep slump. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Colombia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-9.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for leather of bovine and equine animals in the world?

The countries with the highest volumes of bovine and equine leather consumption in 2020 were Italy, China and Turkey, with a combined 33% share of global consumption.

What are the largest producers of leather of bovine and equine animals in the world?

The countries with the highest volumes of bovine and equine leather production in 2020 were Brazil, Italy and the United States, together comprising 32% of global production. Turkey, India, Argentina, China, Russia, Pakistan, Germany, Bangladesh, Nigeria and South Korea lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of leather of bovine and equine animals to Ecuador?

In value terms, Brazil constituted the largest supplier of bovine and equine leather to Ecuador, comprising 71% of total imports. The second position in the ranking was occupied by Colombia, with a 13% share of total imports.

What are the leading importers of leather of bovine and equine animals from Ecuador?

In value terms, Hong Kong SAR emerged as the key foreign market for bovine and equine leather exports from Ecuador, comprising 52% of total exports. The second position in the ranking was occupied by China, with a 16% share of total exports. It was followed by Italy, with a 7.8% share.

What is the average export price for leather of bovine and equine animals in Ecuador?

In 2020, the average bovine and equine leather export price amounted to $6,146 per ton, growing by 28% against the previous year.

What is the average import price for leather of bovine and equine animals in Ecuador?

The average bovine and equine leather import price stood at $2,390 per ton in 2020, reducing by -3.4% against the previous year.

This report provides an in-depth analysis of the market for bovine and equine leather in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15113100 - Leather, of bovine animals, without hair, whole
Prodcom 15113200 - Leather, of bovine animals, without hair, not whole
Prodcom 15113300 - Leather, of equine animals, without hair

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023