Southern Asia: Sheep Leather Market 2024

Sheep Leather Market Size in Southern Asia

The South Asian sheep leather market expanded notably to $X in 2021, growing by 6.1% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Sheep Leather Production in Southern Asia

In value terms, sheep leather production expanded sharply to $X in 2021 estimated in export price. In general, production showed a resilient increase. The growth pace was the most rapid in 2019 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Sheep Leather Exports

Exports in Southern Asia

After two years of decline, overseas shipments of sheep or lamb skin leather increased by 148% to X square meters in 2021. Overall, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 569% against the previous year. As a result, the exports reached the peak of X square meters. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sheep leather exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of 178% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, India (X square meters) was the largest exporter of sheep or lamb skin leather, generating 65% of total exports. Pakistan (X square meters) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Bangladesh (7.5%), Nepal (5.1%) and Afghanistan (5.1%). Sri Lanka (X square meters) followed a long way behind the leaders.

India was also the fastest-growing in terms of the sheep or lamb skin leather exports, with a CAGR of +36.2% from 2012 to 2021. At the same time, Nepal (+23.5%) displayed positive paces of growth. By contrast, Pakistan (-19.6%), Afghanistan (-22.1%), Bangladesh (-22.8%) and Sri Lanka (-24.2%) illustrated a downward trend over the same period. India (+64 p.p.) and Nepal (+4.9 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka, Afghanistan, Bangladesh and Pakistan saw its share reduced by -6.2%, -13.6%, -22% and -26.8% from 2012 to 2021, respectively.

In value terms, Pakistan ($X) emerged as the largest sheep leather supplier in Southern Asia, comprising 64% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 23% share of total exports. It was followed by India, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Pakistan amounted to -14.2%. In the other countries, the average annual rates were as follows: Bangladesh (-23.8% per year) and India (-5.2% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per square meter, waning by -49.1% against the previous year. Overall, the export price recorded a abrupt slump. The growth pace was the most rapid in 2015 an increase of 127% against the previous year. The level of export peaked at $X per square meter in 2017; however, from 2018 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 ($X per square meter), while India ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+6.7%), while the other leaders experienced a decline in the export price figures.

Sheep Leather Imports

Imports in Southern Asia

In 2021, overseas purchases of sheep or lamb skin leather decreased by -28.3% to X square meters, falling for the third year in a row after two years of growth. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 45%. The volume of import peaked at X square meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, sheep leather imports declined notably to $X in 2021. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of 28%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India was the main importer of sheep or lamb skin leather in Southern Asia, with the volume of imports amounting to X square meters, which was approx. 87% of total imports in 2021. It was distantly followed by Pakistan (X square meters), making up a 12% share of total imports.

India was also the fastest-growing in terms of the sheep or lamb skin leather imports, with a CAGR of +2.1% from 2012 to 2021. Pakistan (-9.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +16 percentage points.

In value terms, India ($X) constitutes the largest market for imported sheep or lamb skin leather in Southern Asia, comprising 78% of total imports. The second position in the ranking was taken by Pakistan ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India amounted to -8.8%.

Import Prices by Country

The import price in Southern Asia stood at $X per square meter in 2021, which is down by -8.1% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 an increase of 18% against the previous year. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per square meter), while India stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-4.2%).

Source: IndexBox Platform

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