Russian Federation: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in the Russian Federation

In 2021, the Russian bovine and equine leather market decreased by -63.4% to $X, falling for the sixth consecutive year after four years of growth. Overall, consumption faced a abrupt decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Leather of Bovine and Equine Animals in the Russian Federation

In value terms, bovine and equine leather production reached $X in 2021 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.3% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Bovine and equine leather production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from the Russian Federation

In 2021, overseas shipments of leather of bovine and equine animals were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, faced a deep slump. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports surged to $X in 2021. In general, exports, however, showed a deep contraction. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Belarus (X tons) and Spain (X tons) were the main destinations of bovine and equine leather exports from Russia, with a combined 71% share of total exports. China, Ukraine, India, Mongolia, Poland, Estonia, Turkey and Hong Kong SAR lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +159.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Italy ($X) and Spain ($X) appeared to be the largest markets for bovine and equine leather exported from Russia worldwide, together accounting for 67% of total exports. China, India, Ukraine, Mongolia, Poland, Estonia, Hong Kong SAR and Turkey lagged somewhat behind, together accounting for a further 27%.

India, with a CAGR of +168.4%, recorded the highest growth rate of 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, shrinking by -11% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% 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 -22.6% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 49%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Turkey ($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 Estonia (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into the Russian Federation

In 2021, after three years of growth, there was significant decline in purchases abroad of leather of bovine and equine animals, when their volume decreased by -32.9% to X tons. In general, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 34% against the previous year. Imports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, bovine and equine leather imports rose significantly to $X in 2021. Over the period under review, imports faced a deep slump. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belarus (X tons), India (X tons) and Turkey (X tons) were the main suppliers of bovine and equine leather imports to Russia, together accounting for 78% of total imports. These countries were followed by Italy, Lithuania, China, Estonia and South Korea, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +90.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Belarus ($X) and Italy ($X) constituted the largest bovine and equine leather suppliers to Russia, with a combined 48% share of total imports. Turkey, Lithuania, China, Estonia and South Korea lagged somewhat behind, together accounting for a further 24%.

China, with a CAGR of +91.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average bovine and equine leather import price stood at $X per ton in 2021, surging by 58% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 South Korea ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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