Report Update Nov 1, 2024

Singapore - Sheep or Lamb Skin Leather - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Sheep Leather Market 2024

Sheep Leather Market Size in Singapore

After two years of decline, the Singaporean sheep leather market increased by 25% to $X in 2021. In general, consumption posted a tangible increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Sheep Leather Production in Singapore

In value terms, sheep leather production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 79%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Sheep Leather Exports

Exports from Singapore

In 2021, overseas shipments of sheep or lamb skin leather decreased by -1.8% to X square meters, falling for the fifth consecutive year after five years of growth. Over the period under review, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, the exports attained the maximum at X square meters in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, sheep leather exports contracted to $X in 2021. In general, exports saw a significant decline. The growth pace was the most rapid in 2014 with an increase of 61%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

India (X square meters) was the main destination for sheep leather exports from Singapore, with a 87% share of total exports. Moreover, sheep leather exports to India exceeded the volume sent to the second major destination, Hong Kong SAR (X square meters), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to -5.2%.

In value terms, India ($X) remains the key foreign market for sheep or lamb skin leather exports from Singapore, comprising 96% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at -18.2%.

Export Prices by Country

The average sheep leather export price stood at $X per square meter in 2021, declining by -9.1% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2018 when the average export price increased by 89%. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per square meter), while the average price for exports to Hong Kong SAR stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-13.6%).

Sheep Leather Imports

Imports into Singapore

In 2021, the amount of sheep or lamb skin leather imported into Singapore shrank slightly to X square meters, which is down by -3.9% compared with 2020. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 792%. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sheep leather imports contracted to $X in 2021. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 407% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X square meters) and Pakistan (X square meters) were the main suppliers of sheep leather imports to Singapore.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +29.6%).

In value terms, Pakistan ($X) and Saudi Arabia ($X) constituted the largest sheep leather suppliers to Singapore.

Pakistan, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average sheep leather import price stood at $X per square meter in 2021, remaining stable against the previous year. Over the period under review, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of 50%. Over the period under review, average import prices hit record highs at $X per square meter in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per square meter), while the price for Saudi Arabia amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+20.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sheep or lamb skin leather in the world?

The countries with the highest volumes of sheep leather consumption in 2021 were China, the United States and India, with a combined 30% share of global consumption. Japan, Russia, Pakistan, Nigeria, Brazil, Indonesia, Bangladesh, the UK, Mexico and Ethiopia lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of sheep or lamb skin leather in the world?

The countries with the highest volumes of sheep leather production in 2021 were China, the United States and India, together accounting for 29% of global production. Japan, Nigeria, Russia, Pakistan, Brazil, Indonesia, Bangladesh, the UK, Mexico and Ethiopia lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of sheep or lamb skin leather to Singapore?

In value terms, Saudi Arabia constituted the largest supplier of sheep leather to Singapore, comprising 77% of total imports. The second position in the ranking was occupied by Pakistan, with a 22% share of total imports.

What are the leading importers of sheep or lamb skin leather from Singapore?

In value terms, India, Hong Kong SAR and Malaysia $352) were the largest markets for sheep leather exported from Singapore worldwide.

What is the average export price for sheep or lamb skin leather in Singapore?

The average sheep leather export price stood at $13 per square meter in 2021, reducing by -4.1% against the previous year.

What is the average import price for sheep or lamb skin leather in Singapore?

In 2021, the average sheep leather import price amounted to $5 per square meter, flattening at the previous year.

This report provides an in-depth analysis of the sheep leather market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15114130 - Sheep or lamb skin leather without wool on, tanned but not further prepared (excluding chamois leather)

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023