Malaysia: Sheep Leather Market 2025

Sheep Leather Market Size in Malaysia

The Malaysian sheep leather market expanded sharply to $X in 2021, rising by 5.6% against the previous year. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Sheep Leather Production in Malaysia

In value terms, sheep leather production rose modestly to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 43%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Sheep Leather Exports

Exports from Malaysia

After five years of decline, shipments abroad of sheep or lamb skin leather increased by 1% to X square meters in 2021. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 35%. As a result, the exports reached the peak of X square meters. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sheep leather exports amounted to $X in 2021. In general, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 11% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X square meters) was the main destination for sheep leather exports from Malaysia, with a 92% share of total exports. Moreover, sheep leather exports to Thailand exceeded the volume sent to the second major destination, Indonesia (X square meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand amounted to -13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-13.0% per year) and the UK (+48.9% per year).

In value terms, Thailand ($X) remains the key foreign market for sheep or lamb skin leather exports from Malaysia, comprising 98% of total exports. The second position in the ranking was held by Indonesia ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-0.3% per year) and the UK (+35.1% per year).

Export Prices by Country

In 2021, the average sheep leather export price amounted to $X per square meter, flattening at the previous year. In general, the export price, however, showed resilient growth. The growth pace was the most rapid in 2018 an increase of 63% against the previous year. The export price peaked at $X per square meter in 2020, and then fell modestly in the following year.

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 Thailand ($X per square meter), while the average price for exports to Indonesia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+231.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep Leather Imports

Imports into Malaysia

In 2021, supplies from abroad of sheep or lamb skin leather was finally on the rise to reach X square meters after three years of decline. In general, imports, however, recorded a sharp shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 347% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sheep leather imports shrank to $X in 2021. Overall, imports, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of 440%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Uganda (X square meters), Yemen (X square meters) and Saudi Arabia (X square meters) were the main suppliers of sheep leather imports to Malaysia, with a combined 80% share of total imports. These countries were followed by the United States, Turkey, India and China, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, the largest sheep leather suppliers to Malaysia were Uganda ($X), Yemen ($X) and the United States ($X), together accounting for 87% of total imports. Saudi Arabia, India, Turkey and China lagged somewhat behind, together accounting for a further 5.4%.

Turkey, with a CAGR of 0.0%, 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 a decline.

Import Prices by Country

The average sheep leather import price stood at $X per square meter in 2021, shrinking by -11.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 73%. Over the period under review, average import prices reached the maximum at $X per square meter in 2013; however, from 2014 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 India ($X per square meter), while the price for Saudi Arabia ($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 Uganda (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :