Saudi Arabia: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Saudi Arabia

In 2021, after two years of decline, there was growth in the Saudi bovine and equine leather market, when its value increased by 3.4% to $X. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.5% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Saudi Arabia

In value terms, bovine and equine leather production rose rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 -21.9% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 61% against the previous year. Bovine and equine leather production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Saudi Arabia

In 2021, the amount of leather of bovine and equine animals exported from Saudi Arabia soared to X tons, increasing by 75% against the previous year's figure. Overall, exports enjoyed a modest increase. The most prominent rate of growth was recorded in 2013 when exports increased by 92% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, bovine and equine leather exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by 59%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons), India (X tons) and Portugal (X tons) were the main destinations of bovine and equine leather exports from Saudi Arabia, with a combined 69% share of total exports. These countries were followed by Nigeria, Hong Kong SAR, the United Arab Emirates, Egypt, Turkey, Italy and China, which together accounted for 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 Nigeria (with a CAGR of +493.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bovine and equine leather exported from Saudi Arabia were Spain ($X), India ($X) and Hong Kong SAR ($X), with a combined 72% share of total exports. Portugal, Turkey, Italy, Nigeria, China, the United Arab Emirates and Egypt lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, Nigeria, with a CAGR of +939.8%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average bovine and equine leather export price amounted to $X per ton, falling by -18.3% against the previous year. In general, the export price saw a deep reduction. The growth pace was the most rapid in 2015 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Egypt ($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 Nigeria (+75.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Leather of Bovine and Equine Animals

Imports into Saudi Arabia

In 2021, imports of leather of bovine and equine animals into Saudi Arabia skyrocketed to X tons, picking up by 283% on 2020 figures. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 597% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, bovine and equine leather imports surged to $X in 2021. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 388% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Egypt (X tons) was the main bovine and equine leather supplier to Saudi Arabia, accounting for a 411% share of total imports. It was followed by Italy (X tons), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt totaled +1,150.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.4% per year) and Lebanon (-97.0% per year).

In value terms, the largest bovine and equine leather suppliers to Saudi Arabia were Egypt ($X), Italy ($X) and Lebanon ($X), together accounting for 82% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +1,233.6%, saw the highest rates of growth with regard to the value of imports, 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, waning by -42.1% against the previous year. Overall, the import price saw a precipitous decrease. The pace of growth was the most pronounced in 2014 an increase of 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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