Morocco: Leather Market 2022

Leather Market Size in Morocco

In 2021, after three years of decline, there was significant growth in the Moroccan leather market, when its value increased by 6.2% to $X. Over the period under review, consumption continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Leather Production in Morocco

In value terms, leather production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Leather Exports

Exports from Morocco

In 2021, overseas shipments of leather increased by 8% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -21.8% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 52% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, leather exports surged to $X in 2021. In general, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for leather exports from Morocco, accounting for a 71% share of total exports. Moreover, leather exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), fivefold. Portugal (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+0.7% per year) and Portugal (+5.4% per year).

In value terms, Italy ($X) remains the key foreign market for leather exports from Morocco, comprising 75% of total exports. The second position in the ranking was held by Spain ($X), with an 11% share of total exports. It was followed by Portugal, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-4.0% per year) and Portugal (+6.0% per year).

Export Prices by Country

In 2021, the average leather export price amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Leather Imports

Imports into Morocco

In 2021, the amount of leather imported into Morocco fell to X tons, dropping by -6.3% compared with the previous year. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 when imports increased by 19%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, leather imports contracted to $X in 2021. In general, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 22% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest leather supplier to Morocco, with a 57% share of total imports. Moreover, leather imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.2% per year) and France (-9.2% per year).

In value terms, Spain ($X) constituted the largest supplier of leather to Morocco, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by France, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.4% per year) and France (-7.2% per year).

Import Prices by Country

In 2021, the average leather import price amounted to $X per ton, falling by -7.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 18%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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