South Africa: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in South Africa

The South African tanned or dressed furskins market shrank to $X in 2022, with a decrease of -3.8% against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Tanned or Dressed Furskins in South Africa

In value terms, tanned or dressed furskins production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a slight expansion. The growth pace was the most rapid in 2018 when the production volume increased by 26%. Tanned or dressed furskins production peaked at $X in 2019; afterwards, it flattened through to 2022.

Exports of Tanned or Dressed Furskins

Exports from South Africa

In 2022, overseas shipments of tanned or dressed furskins increased by 22% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 29%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, tanned or dressed furskins exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for tanned or dressed furskins exports from South Africa, accounting for a 59% share of total exports. Moreover, tanned or dressed furskins exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+23.6% per year) and Germany (+9.7% per year).

In value terms, the United States ($X) remains the key foreign market for tanned or dressed furskins exports from South Africa, comprising 52% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 26% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+23.3% per year) and Germany (+8.0% per year).

Export Prices by Country

In 2022, the average tanned or dressed furskins export price amounted to $X per unit, increasing by 5.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 28%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Tanned or Dressed Furskins

Imports into South Africa

Tanned or dressed furskins imports into South Africa shrank to X units in 2022, which is down by -13.7% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 274%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tanned or dressed furskins imports shrank modestly to $X in 2022. In general, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 when imports increased by 216% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest tanned or dressed furskins supplier to South Africa, accounting for a 70% share of total imports. Moreover, tanned or dressed furskins imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.0% per year) and Colombia (+23.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of tanned or dressed furskins to South Africa, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+49.8% per year) and Colombia (+12.0% per year).

Import Prices by Country

The average tanned or dressed furskins import price stood at $X per unit in 2022, rising by 14% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 an increase of 28%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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