Southern Asia: Market for Leather of Bovine and Equine Animals 2025

Market Size for Leather of Bovine and Equine Animals in Southern Asia

The South Asian bovine and equine leather market fell to $X in 2021, reducing by -9.5% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Southern Asia

In value terms, bovine and equine leather production dropped to $X in 2021 estimated in export price. Overall, production continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 14%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Leather of Bovine and Equine Animals

Exports in Southern Asia

In 2021, overseas shipments of leather of bovine and equine animals were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a slight downturn. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, bovine and equine leather exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) and Bangladesh (X tons) dominates exports structure, together creating 89% of total exports. Pakistan (X tons) took a 5.9% share (based on physical terms) of total exports, which put it in second place, followed by Nepal (4.6%).

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +1.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, India ($X) remains the largest bovine and equine leather supplier in Southern Asia, comprising 53% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 26% share of total exports. It was followed by Pakistan, with a 20% share.

From 2012 to 2021, the average annual growth rate of value in India amounted to -6.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (-6.0% per year) and Pakistan (-6.6% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -23.5% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 9.4%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

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 Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.7%), while the other leaders experienced a decline in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in Southern Asia

After two years of decline, supplies from abroad of leather of bovine and equine animals increased by 14% to X tons in 2021. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 40%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bovine and equine leather imports surged to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.3% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 35%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India represented the major importer of leather of bovine and equine animals in Southern Asia, with the volume of imports reaching X tons, which was near 78% of total imports in 2021. It was distantly followed by Bangladesh (X tons), making up an 18% share of total imports.

Imports into India increased at an average annual rate of +7.5% from 2012 to 2021. At the same time, Bangladesh (+17.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.1% from 2012-2021. While the share of Bangladesh (+9.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-6 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported leather of bovine and equine animals in Southern Asia, comprising 65% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India was relatively modest.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price, however, saw a noticeable downturn. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-3.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :