Morocco: Sheep Leather Market 2024

Sheep Leather Market Size in Morocco

The Moroccan sheep leather market surged to $X in 2021, increasing by 18% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.7% against 2019 indices. Sheep leather consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Sheep Leather Production in Morocco

In value terms, sheep leather production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 68% against the previous year. Sheep leather production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Sheep Leather Exports

Exports from Morocco

Sheep leather exports from Morocco soared to X square meters in 2021, picking up by 137% against the previous year. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports attained the peak figure at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sheep leather exports soared to $X in 2021. In general, exports, however, saw a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters) was the main destination for sheep leather exports from Morocco, accounting for a 85% share of total exports. Moreover, sheep leather exports to Italy exceeded the volume sent to the second major destination, France (X square meters), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to -7.6%.

In value terms, Italy ($X) remains the key foreign market for sheep or lamb skin leather exports from Morocco, comprising 85% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to -7.4%.

Export Prices by Country

The average sheep leather export price stood at $X per square meter in 2021, almost unchanged from the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per square meter), while the average price for exports to France totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.2%).

Sheep Leather Imports

Imports into Morocco

In 2021, approx. X square meters of sheep or lamb skin leather were imported into Morocco; reducing by -41.7% on 2020 figures. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 112% against the previous year. As a result, imports reached the peak of X square meters. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sheep leather imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 132%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest supplier of sheep leather to Morocco, with a 88% share of total imports. Moreover, sheep leather imports from Italy exceeded the figures recorded by the second-largest supplier, France (X square meters), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +22.6%.

In value terms, Italy ($X) constituted the largest supplier of sheep or lamb skin leather to Morocco, comprising 90% of total imports. The second position in the ranking was taken by France ($X), with a 5.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +32.8%.

Import Prices by Country

In 2021, the average sheep leather import price amounted to $X per square meter, surging by 169% against the previous year. Over the period under review, the import price continues to indicate significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for France amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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