Portugal: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Portugal

After two years of decline, the Portuguese bovine and equine leather market increased by 0.2% to $X in 2021. Overall, consumption, however, recorded a deep reduction. Bovine and equine leather consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Portugal

In value terms, bovine and equine leather production dropped to $X in 2021 estimated in export price. In general, production saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Bovine and equine leather production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Portugal

After two years of decline, shipments abroad of leather of bovine and equine animals increased by 17% to X tons in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 24%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bovine and equine leather exports soared to $X in 2021. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Spain (X tons) and India (X tons) were the main destinations of bovine and equine leather exports from Portugal, with a combined 65% share of total exports. Morocco, Vietnam, France, Germany, Moldova, Italy and Hong Kong SAR lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of +53.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bovine and equine leather exported from Portugal were Morocco ($X), Spain ($X) and Moldova ($X), with a combined 47% share of total exports.

In terms of the main countries of destination, Moldova, with a CAGR of +85.2%, saw 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, with an increase of 1.5% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bovine and equine leather export price decreased by -19.0% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Hong Kong SAR ($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 Moldova (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Portugal

In 2021, after two years of decline, there was significant growth in supplies from abroad of leather of bovine and equine animals, when their volume increased by 18% to X tons. Over the period under review, imports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2013 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, bovine and equine leather imports rose markedly to $X in 2021. Overall, imports, however, showed a perceptible slump. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and Turkey (X tons) were the main suppliers of bovine and equine leather imports to Portugal, with a combined 62% share of total imports. Algeria, Brazil, Uzbekistan, Germany, Argentina, Egypt, Morocco, India and the Netherlands lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +51.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of leather of bovine and equine animals to Portugal, comprising 47% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Turkey, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.0% per year) and Turkey (+44.4% per year).

Import Prices by Country

The average bovine and equine leather import price stood at $X per ton in 2021, shrinking by -4.9% against the previous year. In general, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 an increase of 7.2%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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