Republic of Korea: Market for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather 2025

Market Size for Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in Republic of Korea

After three years of decline, the South Korean market for sheep, goat, swine or reptile leather, excluding chamois leather increased by 8.8% to $X in 2022. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather in Republic of Korea

In value terms, production of sheep, goat, swine or reptile leather, excluding chamois leather declined to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Exports from Republic of Korea

In 2022, approx. X tons of sheep, goat, swine or reptile leather, excluding chamois leather were exported from South Korea; falling by -65.5% compared with the previous year's figure. In general, exports saw a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of sheep, goat, swine or reptile leather, excluding chamois leather shrank sharply to $X in 2022. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 21% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of sheep, goat, swine or reptile leather, excluding chamois leather from South Korea, accounting for a 57% share of total exports. Moreover, exports of sheep, goat, swine or reptile leather, excluding chamois leather to China exceeded the volume sent to the second major destination, Vietnam (X tons), fourfold. The third position in this ranking was taken by Pakistan (X tons), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-11.2% per year) and Pakistan (-0.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for sheep, goat, swine or reptile leather, excluding chamois leather exports from South Korea, comprising 37% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+22.6% per year) and China (-29.1% per year).

Export Prices by Country

In 2022, the average export price for sheep, goat, swine or reptile leather, excluding chamois leather amounted to $X per ton, falling by -2.3% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sheep, goat, swine or reptile leather, excluding chamois leather increased by +2.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 34%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep, Goat, Swine or Reptile Leather, excluding Chamois Leather

Imports into Republic of Korea

In 2022, imports of sheep, goat, swine or reptile leather, excluding chamois leather into South Korea reduced to X tons, which is down by -14% against the previous year's figure. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of sheep, goat, swine or reptile leather, excluding chamois leather rose rapidly to $X in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), India (X tons) and China (X tons) were the main suppliers of imports of sheep, goat, swine or reptile leather, excluding chamois leather to South Korea, together comprising 52% of total imports. These countries were followed by Turkey, Pakistan, Indonesia, Bangladesh, the United Arab Emirates, France, Japan, New Zealand and Syrian Arab Republic, which together accounted for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and India ($X) constituted the largest sheep, goat, swine or reptile leather suppliers to South Korea, together accounting for 44% of total imports.

Among the main suppliers, Turkey, with a CAGR of +19.5%, recorded the highest growth rate of 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

In 2022, the average import price for sheep, goat, swine or reptile leather, excluding chamois leather amounted to $X per ton, increasing by 28% against the previous year. Over the period under review, the import price, however, saw a perceptible setback. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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