Oman: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Oman

In 2021, the Omani bovine and equine leather market decreased by -13.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Leather of Bovine and Equine Animals in Oman

In value terms, bovine and equine leather production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 37%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Leather of Bovine and Equine Animals

Exports from Oman

In 2021, overseas shipments of leather of bovine and equine animals increased by 49% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 334% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 149% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons) was the main destination for bovine and equine leather exports from Oman, with a 71% share of total exports. Moreover, bovine and equine leather exports to Pakistan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Yemen (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to Pakistan stood at +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+33.1% per year) and Yemen (0.0% per year).

In value terms, Pakistan ($X), the United Arab Emirates ($X) and India ($X) constituted the largest markets for bovine and equine leather exported from Oman worldwide, with a combined 96% share of total exports.

Pakistan, with a CAGR of +34.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bovine and equine leather export price stood at $X per ton in 2021, picking up by 18% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Pakistan ($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 Pakistan (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Oman

After three years of decline, overseas purchases of leather of bovine and equine animals increased by 39% to X tons in 2021. Overall, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 108%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bovine and equine leather imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a slight decline. The pace of growth appeared the most rapid in 2016 with an increase of 46%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Thailand (X tons), Italy (X tons) and Lebanon (X tons) were the main suppliers of bovine and equine leather imports to Oman, with a combined 59% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +148.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of leather of bovine and equine animals to Oman, comprising 38% of total imports. The second position in the ranking was taken by Lebanon ($X), with an 11% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+134.4% per year) and Thailand (+12.1% per year).

Import Prices by Country

In 2021, the average bovine and equine leather import price amounted to $X per ton, rising by 4.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2018 an increase of 40%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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