Southern Asia: Market for Tanned or Dressed Furskins 2025

Market Size for Tanned or Dressed Furskins in Southern Asia

The South Asian tanned or dressed furskins market rose notably to $X in 2022, increasing by 13% against the previous year. Overall, consumption posted a resilient increase. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Tanned or Dressed Furskins in Southern Asia

In value terms, tanned or dressed furskins production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 14%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports in Southern Asia

In 2022, overseas shipments of tanned or dressed furskins increased by 38% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 378%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports surged to $X in 2022. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2014 with an increase of 75%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Pakistan (X units) was the key exporter of tanned or dressed furskins, comprising 52% of total exports. It was distantly followed by Afghanistan (X units), Nepal (X units), India (X units) and Bangladesh (X units), together creating a 48% share of total exports.

Exports from Pakistan decreased at an average annual rate of -17.1% from 2012 to 2022. At the same time, Nepal (+36.1%), Bangladesh (+6.9%) and Afghanistan (+3.0%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +36.1% from 2012-2022. By contrast, India (-29.2%) illustrated a downward trend over the same period. Afghanistan (+22 p.p.), Nepal (+9 p.p.) and Bangladesh (+5.8 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan and India saw its share reduced by -3.1% and -33.6% from 2012 to 2022, respectively.

In value terms, Afghanistan ($X) remains the largest tanned or dressed furskins supplier in Southern Asia, comprising 41% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 19% share of total exports. It was followed by Bangladesh, with an 18% share.

In Afghanistan, tanned or dressed furskins exports plunged by an average annual rate of -3.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-19.6% per year) and Bangladesh (+14.2% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with a decrease of -13.7% against the previous year. Overall, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 203%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tanned or Dressed Furskins

Imports in Southern Asia

In 2022, tanned or dressed furskins imports in Southern Asia soared to X units, jumping by 39% compared with the year before. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by 83% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, tanned or dressed furskins imports rose remarkably to $X in 2022. In general, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 192%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India was the main importing country with an import of around X units, which recorded 78% of total imports. It was distantly followed by Pakistan (X units), committing a 20% share of total imports. Bangladesh (X units) held a little share of total imports.

India was also the fastest-growing in terms of the tanned or dressed furskins imports, with a CAGR of +10.2% from 2012 to 2022. At the same time, Bangladesh (+8.4%) and Pakistan (+1.4%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tanned or dressed furskins in Southern Asia, comprising 82% of total imports. The second position in the ranking was held by Pakistan ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-1.4% per year) and Bangladesh (+5.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, which is down by -18.2% against the previous year. In general, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when the import price increased by 59% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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