Nigeria: Prepared Sheep Leather Market 2020

Prepared Sheep Leather Exports

Exports from Nigeria

Prepared sheep leather exports from Nigeria amounted to X square meters in 2018, dropping by -X% against the previous year. In general, prepared sheep leather exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, prepared sheep leather exports attained their peak figure at X square meters in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, prepared sheep leather exports totaled $X in 2018. Over the period under review, prepared sheep leather exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Spain (X square meters), Botswana (X square meters) and Italy (X square meters) were the main destinations of prepared sheep leather exports from Nigeria, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Spain, while the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) emerged as the key foreign market for prepared sheep leather exports from Nigeria, comprising X% of total prepared sheep leather exports. The second position in the ranking was occupied by Botswana ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Italy stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-X% per year) and Spain (+X% per year).

Export Prices by Country

In 2018, the average prepared sheep leather export price amounted to $X per square meter, shrinking by -X% against the previous year. Overall, the prepared sheep leather export price continues to indicate a slight decline. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was China ($X per square meter), while the average price for exports to Spain ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced mixed trend patterns.

Prepared Sheep Leather Imports

Imports into Nigeria

In 2018, approx. X square meters of sheep or lamb skin leather, prepared were imported into Nigeria; increasing by X% against the previous year. Over the period under review, prepared sheep leather imports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. Over the period under review, prepared sheep leather imports attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, prepared sheep leather imports stood at $X in 2018. Over the period under review, prepared sheep leather imports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. In that year, prepared sheep leather imports attained their peak of $X. From 2017 to 2018, the growth of prepared sheep leather imports remained at a somewhat lower figure.

Imports by Country

In 2018, China (X square meters) constituted the largest prepared sheep leather supplier to Nigeria, with a X% share of total imports. Moreover, prepared sheep leather imports from China exceeded the figures recorded by the second-largest supplier, Spain (X square meters), fivefold. Germany (X square meters) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Germany (+X% per year).

In value terms, Turkey ($X), Spain ($X) and China ($X) appeared to be the largest prepared sheep leather suppliers to Nigeria, together accounting for X% of total imports.

Turkey (+X% per year) recorded the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2018, the average prepared sheep leather import price amounted to $X per square meter, shrinking by -X% against the previous year. In general, the prepared sheep leather import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. In that year, the average import prices for sheep or lamb skin leather, prepared attained their peak level of $X per square meter. From 2015 to 2018, the growth in terms of the average import prices for sheep or lamb skin leather, prepared remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per square meter), while the price for Italy ($X per square meter) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey (+X% per year), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform