Southern Asia: Market for Leather Further Prepared After Tanning or Crusting 2025

Market Size for Leather Further Prepared After Tanning or Crusting in Southern Asia

In 2021, the South Asian market for leather further prepared after tanning or crusting was finally on the rise to reach $X after five years of decline. In general, consumption, however, recorded a pronounced shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Leather Further Prepared After Tanning or Crusting in Southern Asia

In value terms, production of leather further prepared after tanning or crusting skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

Exports of Leather Further Prepared After Tanning or Crusting

Exports in Southern Asia

In 2021, shipments abroad of leather further prepared after tanning or crusting increased by 52% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 321%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of leather further prepared after tanning or crusting soared to $X in 2021. In general, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 316%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The shipments of the two major exporters of leather further prepared after tanning or crusting, namely Pakistan and Bangladesh, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +16.6%).

In value terms, the largest leather further prepared after tanning or crusting supplying countries in Southern Asia were Bangladesh ($X) and Pakistan ($X).

Bangladesh, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, increasing by 5.6% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for leather further prepared after tanning or crusting increased by +58.6% against 2017 indices. The growth pace was the most rapid in 2020 when the export price increased by 34% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.8%).

Imports of Leather Further Prepared After Tanning or Crusting

Imports in Southern Asia

In 2021, imports of leather further prepared after tanning or crusting in Southern Asia skyrocketed to X tons, increasing by 88% compared with the year before. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% 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 -16.6% against 2019 indices. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of leather further prepared after tanning or crusting skyrocketed to $X in 2021. Overall, imports saw a pronounced increase. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Bangladesh (X tons) was the key importer of leather further prepared after tanning or crusting, committing 71% of total imports. It was distantly followed by India (X tons), making up a 28% share of total imports.

Bangladesh was also the fastest-growing in terms of the leather further prepared after tanning or crusting imports, with a CAGR of +9.1% from 2012 to 2021. India experienced a relatively flat trend pattern. Bangladesh (+24 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -15.3% from 2012 to 2021, respectively.

In value terms, Bangladesh ($X) constitutes the largest market for imported leather further prepared after tanning or crusting in Southern Asia, comprising 67% of total imports. The second position in the ranking was taken by India ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Bangladesh stood at +6.6%.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 31% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.6%).

Source: IndexBox Platform