Italy: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Italy

In 2021, the Italian bovine and equine leather market decreased by -12.4% to $X, falling for the third year in a row after three years of growth. In general, consumption saw a mild setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Italy

In value terms, bovine and equine leather production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 44% against the previous year. Bovine and equine leather production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Italy

Bovine and equine leather exports from Italy expanded significantly to X tons in 2021, with an increase of 15% compared with the previous year's figure. Overall, exports, however, recorded a slight decrease. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Vietnam (X tons) and Spain (X tons) were the main destinations of bovine and equine leather exports from Italy, with a combined 57% share 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 Vietnam (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bovine and equine leather exported from Italy were Vietnam ($X), Romania ($X) and China ($X), with a combined 21% share of total exports.

Vietnam, with a CAGR of +16.9%, recorded the highest growth rate of the value of exports, in terms of 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

The average bovine and equine leather export price stood at $X per ton in 2021, surging by 8.3% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The growth pace was the most rapid in 2018 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to China ($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 France (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Italy

In 2021, purchases abroad of leather of bovine and equine animals decreased by -0.3% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bovine and equine leather imports skyrocketed to $X in 2021. Overall, imports recorded a deep contraction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), the United States (X tons) and New Zealand (X tons) were the main suppliers of bovine and equine leather imports to Italy, with a combined 47% share of total imports. These countries were followed by Paraguay, Australia, Venezuela, Colombia, Ukraine, the UK, Bolivia, Kenya, India and Russia, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Venezuela (with a CAGR of +6.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the United States ($X) and Ukraine ($X) constituted the largest bovine and equine leather suppliers to Italy, together accounting for 36% of total imports. These countries were followed by New Zealand, India, Paraguay, Australia, Colombia, Russia, the UK, Venezuela, Bolivia and Kenya, which together accounted for a further 24%.

Among the main suppliers, Venezuela, with a CAGR of -2.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average bovine and equine leather import price amounted to $X per ton, jumping by 41% against the previous year. In general, the import price, however, continues to indicate a pronounced decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 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 India ($X per ton), while the price for Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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