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Report Hong Kong SAR, China - Sheep or Lamb Skin Leather - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Hong Kong SAR, China - Sheep or Lamb Skin Leather - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Sheep Leather Market 2024

Sheep Leather Market Size in Hong Kong SAR, China

The Hong Kong sheep leather market surged to $X in 2021, growing by 42% against the previous year. Over the period under review, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sheep Leather Production in Hong Kong SAR, China

In value terms, sheep leather production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 82%. Sheep leather production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Sheep Leather Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of sheep or lamb skin leather decreased by -40.8% to X square meters, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 148% against the previous year. As a result, the exports attained the peak of X square meters. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, sheep leather exports reduced sharply to $X in 2021. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 77%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X square meters) was the main destination for sheep leather exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -31.1%.

In value terms, China ($X) also remains the key foreign market for sheep or lamb skin leather exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -32.6%.

Export Prices by Country

In 2021, the average sheep leather export price amounted to $X per square meter, growing by 3.6% against the previous year. Overall, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 146%. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.1% per year.

Sheep Leather Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of sheep or lamb skin leather decreased by -72.3% to X square meters, falling for the fourth year in a row after two years of growth. Over the period under review, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 20% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, sheep leather imports dropped sharply to $X in 2021. Overall, imports continue to indicate a dramatic slump. The growth pace was the most rapid in 2017 with an increase of 13%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Oman (X square meters) constituted the largest sheep leather supplier to Hong Kong SAR, accounting for a 78% share of total imports. Moreover, sheep leather imports from Oman exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X square meters), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-50.1% per year) and India (-30.8% per year).

In value terms, India ($X) constituted the largest supplier of sheep or lamb skin leather to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled -19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-36.7% per year) and Oman (0.0% per year).

Import Prices by Country

In 2021, the average sheep leather import price amounted to $X per square meter, picking up by 28% against the previous year. In general, the import price saw prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 120%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

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 India ($X per square meter), while the price for Oman ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sudan (+48.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of sheep leather consumption in 2021 were China, the United States and India, together comprising 30% of global consumption. These countries were followed by Japan, Russia, Pakistan, Nigeria, Brazil, Indonesia, Bangladesh, the UK, Mexico and Ethiopia, which together accounted for a further 26%.
The countries with the highest volumes of sheep leather production in 2021 were China, the United States and India, together accounting for 29% of global production. These countries were followed by Japan, Nigeria, Russia, Pakistan, Brazil, Indonesia, Bangladesh, the UK, Mexico and Ethiopia, which together accounted for a further 26%.
In value terms, the largest sheep leather suppliers to Hong Kong SAR were Switzerland, Italy and the UK, with a combined 96% share of total imports.
In value terms, China remains the key foreign market for sheep leather exports from Hong Kong SAR.
The average sheep leather export price stood at $7.8 per square meter in 2021, which is down by -6.6% against the previous year.
In 2021, the average sheep leather import price amounted to $60 per square meter, picking up by 380% against the previous year.

This report provides an in-depth analysis of the sheep leather market in Hong Kong SAR, China. 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 15114130 - Sheep or lamb skin leather without wool on, tanned but not further prepared (excluding chamois leather)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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