Morocco: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Morocco

The Moroccan bovine and equine leather market fell to $X in 2021, reducing by -7% against the previous year. Overall, consumption showed a pronounced decline. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Leather of Bovine and Equine Animals in Morocco

In value terms, bovine and equine leather production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of 18%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Morocco

After three years of decline, overseas shipments of leather of bovine and equine animals increased by 121% to X tons in 2021. Overall, exports continue to indicate prominent growth. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bovine and equine leather exports surged to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 64%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for bovine and equine leather exports from Morocco, with a 67% share of total exports. Moreover, bovine and equine leather exports to Italy exceeded the volume sent to the second major destination, Portugal (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+6.1% per year) and Spain (-2.6% per year).

In value terms, Italy ($X) remains the key foreign market for leather of bovine and equine animals exports from Morocco, comprising 64% of total exports. The second position in the ranking was held by Portugal ($X), with a 16% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+5.7% per year) and Spain (-0.1% per year).

Export Prices by Country

In 2021, the average bovine and equine leather export price amounted to $X per ton, shrinking by -26.7% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Turkey ($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 Spain (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Leather of Bovine and Equine Animals

Imports into Morocco

Bovine and equine leather imports into Morocco rose remarkably to X tons in 2021, growing by 12% on the year before. Overall, imports, however, showed a deep reduction. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, bovine and equine leather imports expanded sharply to $X in 2021. Over the period under review, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 17%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), France (X tons) and Italy (X tons) were the main suppliers of bovine and equine leather imports to Morocco, with a combined 69% share of total imports. Portugal, the Netherlands, Slovakia and Germany lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +14.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest bovine and equine leather suppliers to Morocco were Spain ($X), France ($X) and Italy ($X), together comprising 66% of total imports. Portugal, the Netherlands, Slovakia and Germany lagged somewhat behind, together comprising a further 27%.

Portugal, with a CAGR of +17.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average bovine and equine leather import price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :