Scandinavia: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Scandinavia

In 2021, the Scandinavia bovine and equine leather market increased by 28% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Leather of Bovine and Equine Animals in Scandinavia

In value terms, bovine and equine leather production rose rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in Scandinavia

In 2021, exports of leather of bovine and equine animals in Scandinavia shrank significantly to X tons, dropping by -17.3% compared with the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, bovine and equine leather exports expanded rapidly to $X in 2021. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when exports increased by 15%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Denmark (X tons) was the largest exporter of leather of bovine and equine animals, generating 81% of total exports. It was distantly followed by Sweden (X tons) and Norway (X tons), together achieving a 17% share of total exports.

Denmark was also the fastest-growing in terms of the leather of bovine and equine animals exports, with a CAGR of +2.8% from 2012 to 2021. Norway experienced a relatively flat trend pattern. Sweden (-6.8%) illustrated a downward trend over the same period. Denmark (+15 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -10.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest bovine and equine leather supplier in Scandinavia, comprising 58% of total exports. The second position in the ranking was taken by Sweden ($X), with a 28% share of total exports.

In Denmark, bovine and equine leather exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-7.2% per year) and Norway (+0.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 38% against the previous year. In general, the export price, however, continues to indicate a pronounced decrease. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in Scandinavia

In 2021, supplies from abroad of leather of bovine and equine animals increased by 23% to X tons, rising for the second consecutive year after seven years of decline. In general, imports, however, saw a noticeable slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bovine and equine leather imports skyrocketed to $X in 2021. Overall, imports, however, saw a perceptible slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) and Norway (X tons) represented the key importers of leather of bovine and equine animals in Scandinavia, together resulting at approx. 79% of total imports. Sweden (X tons) held the next position in the ranking, followed by Finland (X tons). All these countries together took approx. 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +0.8%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest bovine and equine leather importing markets in Scandinavia were Denmark ($X), Norway ($X) and Sweden ($X), together accounting for 93% of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +0.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 7.1% against the previous year. Overall, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2014 an increase of 11%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform