Spain: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Spain

In 2021, the Spanish bovine and equine leather market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a perceptible descent. Bovine and equine leather consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Leather of Bovine and Equine Animals in Spain

In value terms, bovine and equine leather production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Leather of Bovine and Equine Animals

Exports from Spain

In 2021, after three years of decline, there was significant growth in shipments abroad of leather of bovine and equine animals, when their volume increased by 30% to X tons. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, bovine and equine leather exports surged to $X in 2021. Overall, exports, however, showed a mild contraction. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Portugal (X tons) and France (X tons) were the main destinations of bovine and equine leather exports from Spain, together comprising 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +18.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bovine and equine leather exported from Spain were France ($X), Italy ($X) and Portugal ($X), with a combined 58% share of total exports. Morocco, Germany, China, the United States, India and Hong Kong SAR lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Germany, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bovine and equine leather export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 15%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Leather of Bovine and Equine Animals

Imports into Spain

In 2021, after two years of decline, there was significant growth in purchases abroad of leather of bovine and equine animals, when their volume increased by 50% to X tons. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, bovine and equine leather imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a pronounced slump. The growth pace was the most rapid in 2013 when imports increased by 33% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest bovine and equine leather supplier to Spain, accounting for a 43% share of total imports. Moreover, bovine and equine leather imports from Italy exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+14.5% per year) and Portugal (+6.5% per year).

In value terms, Italy ($X) constituted the largest supplier of leather of bovine and equine animals to Spain, comprising 49% of total imports. The second position in the ranking was taken by Egypt ($X), with a 6.8% share of total imports. It was followed by Russia, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-5.7% per year) and Russia (-1.0% per year).

Import Prices by Country

The average bovine and equine leather import price stood at $X per ton in 2021, declining by -12.6% against the previous year. In general, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 8.1% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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