Pakistan: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Pakistan

The Pakistani bovine and equine leather market fell to $X in 2021, declining by -7% against the previous year. Overall, consumption saw a mild reduction. Bovine and equine leather consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Pakistan

In value terms, bovine and equine leather production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a mild descent. The growth pace was the most rapid in 2014 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Pakistan

In 2021, after six years of decline, there was significant growth in overseas shipments of leather of bovine and equine animals, when their volume increased by 43% to X tons. In general, exports, however, recorded a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports soared to $X in 2021. Overall, exports, however, saw a deep reduction. 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), China (X tons) and Hong Kong SAR (X tons) were the main destinations of bovine and equine leather exports from Pakistan, together comprising 52% of total exports. These countries were followed by Vietnam, Bangladesh, Indonesia, Cambodia, Spain, South Africa, Portugal, Turkey, South Korea and Taiwan (Chinese), which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +5.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for bovine and equine leather exported from Pakistan were Italy ($X), China ($X) and Vietnam ($X), with a combined 51% share of total exports. Hong Kong SAR, Bangladesh, Indonesia, Spain, Cambodia, South Africa, Portugal, Turkey, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Portugal, with a CAGR of +8.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bovine and equine leather export price amounted to $X per ton, almost unchanged from the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Indonesia ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Pakistan

In 2021, the amount of leather of bovine and equine animals imported into Pakistan fell to X tons, shrinking by -7.8% compared with 2020 figures. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, bovine and equine leather imports skyrocketed to $X in 2021. Overall, imports continue to indicate a abrupt slump. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Thailand (X tons) and Italy (X tons) were the main suppliers of bovine and equine leather imports to Pakistan, together accounting for 28% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +93.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bovine and equine leather suppliers to Pakistan were Taiwan (Chinese) ($X), Thailand ($X) and South Korea ($X), together comprising 62% of total imports.

Taiwan (Chinese), with a CAGR of +96.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bovine and equine leather import price stood at $X per ton in 2021, jumping by 85% against the previous year. In general, the import price, however, recorded a slight slump. The import price peaked at $X per ton in 2013; however, from 2014 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 China ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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