Republic of Korea: Prepared Sheep Leather Market 2020

Prepared Sheep Leather Exports

Exports from Republic of Korea

Prepared sheep leather exports from South Korea totaled X square meters in 2018, declining by -X% against the previous year. In general, prepared sheep leather exports continue to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, prepared sheep leather exports reached their peak figure at X square meters in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, prepared sheep leather exports stood at $X in 2018. In general, prepared sheep leather exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

China (X square meters) was the main destination for prepared sheep leather exports from South Korea, accounting for a X% share of total exports. Moreover, prepared sheep leather exports to China exceeded the volume sent to the second major destination, China, Hong Kong SAR (X square meters), more than tenfold. The third position in this ranking was occupied by Vietnam (X square meters), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China, Hong Kong SAR (-X% per year) and Vietnam (+X% per year).

In value terms, China ($X) remains the key foreign market for prepared sheep leather exports from South Korea, comprising X% of total prepared sheep leather exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

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

Export Prices by Country

In 2018, the average prepared sheep leather export price amounted to $X per square meter, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices for sheep or lamb skin leather, prepared reached their maximum at $X per square meter in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, the countries with the highest prices were Bangladesh ($X per square meter) and Indonesia ($X per square meter), while the average price for exports to China ($X per square meter) and Vietnam ($X per square meter) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Prepared Sheep Leather Imports

Imports into Republic of Korea

In 2018, approx. X square meters of sheep or lamb skin leather, prepared were imported into South Korea; waning by -X% against the previous year. Overall, prepared sheep leather imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Imports peaked at X square meters in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, prepared sheep leather imports totaled $X in 2018. Over the period under review, prepared sheep leather imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, prepared sheep leather imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

Imports by Country

Italy (X square meters), India (X square meters) and Turkey (X square meters) were the main suppliers of prepared sheep leather imports to South Korea, with a combined X% share of total imports. Pakistan, Indonesia, Spain and China lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Pakistan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of prepared sheep leather to South Korea, comprising X% of total prepared sheep leather imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and India (-X% per year).

Import Prices by Country

The average prepared sheep leather import price stood at $X per square meter in 2018, jumping by X% against the previous year. Over the period under review, the prepared sheep leather import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of 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 2013 to 2018, the growth in terms of the average import prices for sheep or lamb skin leather, prepared remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per square meter), while the price for India ($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, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform