Kenya: Leather Market 2022

Leather Market Size in Kenya

The Kenyan leather market skyrocketed to $X in 2021, picking up by 24% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Leather Production in Kenya

In value terms, leather production soared to $X in 2021 estimated in export price. In general, production, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 24% against the previous year. Leather production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Leather Exports

Exports from Kenya

In 2021, overseas shipments of leather decreased by -10.1% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, leather exports reduced to $X in 2021. Over the period under review, exports faced a deep setback. The pace of growth was the most pronounced in 2013 when exports increased by 17%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Italy (X tons) and India (X tons) were the main destinations of leather exports from Kenya, together comprising 90% of total exports. These countries were followed by Indonesia, Pakistan, Bangladesh, Democratic Republic of the Congo and Turkey, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +96.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Indonesia ($X) were the largest markets for leather exported from Kenya worldwide, with a combined 76% share of total exports. These countries were followed by Pakistan, Bangladesh, India, Democratic Republic of the Congo and Turkey, which together accounted for a further 31%.

Bangladesh, with a CAGR of +112.2%, 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 mixed trend patterns.

Export Prices by Country

The average leather export price stood at $X per ton in 2021, dropping by -3.4% against the previous year. Overall, the export price saw a deep reduction. The growth pace was the most rapid in 2014 when the average export price increased by 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per ton), while the average price for exports to India ($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 Bangladesh (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Imports

Imports into Kenya

Leather imports into Kenya reduced dramatically to X tons in 2021, with a decrease of -31.6% against the previous year's figure. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 96%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, leather imports fell notably to $X in 2021. Overall, imports faced a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 72%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Uganda (X tons) constituted the largest leather supplier to Kenya, with a 83% share of total imports. Moreover, leather imports from Uganda exceeded the figures recorded by the second-largest supplier, Rwanda (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Uganda amounted to -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Rwanda (+52.2% per year) and Tanzania (-26.8% per year).

In value terms, Uganda ($X) constituted the largest supplier of leather to Kenya, comprising 71% of total imports. The second position in the ranking was taken by Rwanda ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Uganda stood at -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Rwanda (+51.4% per year) and Tanzania (-24.3% per year).

Import Prices by Country

The average leather import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Tanzania ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :