New Zealand: Leather Market 2022

Leather Market Size in New Zealand

The New Zealand leather market surged to $X in 2021, increasing by 32% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Leather consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Leather Production in New Zealand

In value terms, leather production surged to $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Leather Exports

Exports from New Zealand

In 2021, approx. X tons of leather were exported from New Zealand; surging by 6.2% compared with the previous year. Over the period under review, exports, however, recorded a noticeable descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, leather exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt contraction. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for leather exports from New Zealand, accounting for a 80% share of total exports. Moreover, leather exports to Italy exceeded the volume sent to the second major destination, China (X tons), sixfold. India (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.2% per year) and India (+6.6% per year).

In value terms, Italy ($X) remains the key foreign market for leather exports from New Zealand, comprising 59% of total exports. The second position in the ranking was taken by China ($X), with a 9.4% share of total exports. It was followed by India, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-4.7% per year) and India (-3.5% per year).

Export Prices by Country

The average leather export price stood at $X per ton in 2021, growing by 32% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 Hong Kong SAR (+18.6%), while the prices for the other major destinations experienced a decline.

Leather Imports

Imports into New Zealand

In 2021, overseas purchases of leather increased by 10% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 24% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, leather imports soared to $X in 2021. Overall, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 50%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of leather to New Zealand, accounting for a 30% share of total imports. Moreover, leather imports from Italy exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.8% per year) and Australia (+3.4% per year).

In value terms, Italy ($X), India ($X) and Australia ($X) appeared to be the largest leather suppliers to New Zealand, with a combined 56% share of total imports. These countries were followed by Brazil, Mexico, the UK, China, Spain, the United States, Sweden, Germany, Uruguay and Japan, which together accounted for a further 35%.

Among the main suppliers, Uruguay, with a CAGR of +16.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average leather import price stood at $X per ton in 2021, with an increase of 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 an increase of 32%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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