Report Update Feb 1, 2025

Sri Lanka - Sheep or Lamb Skin Leather - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Sheep Leather Market 2025

Sheep Leather Market Size in Sri Lanka

The Sri Lankan sheep leather market surged to $X in 2021, with an increase of 18% against the previous year. In general, consumption posted temperate growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Sheep Leather Production in Sri Lanka

In value terms, sheep leather production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. Sheep leather production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Sheep Leather Exports

Exports from Sri Lanka

In 2021, the amount of sheep or lamb skin leather exported from Sri Lanka soared to X square meters, growing by 43% against the previous year. Over the period under review, exports, however, continue to indicate a sharp descent. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, sheep leather exports dropped rapidly to $X in 2021. Overall, exports, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2018 when exports increased by 35% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X square meters) was the main destination for sheep leather exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India amounted to -24.3%.

In value terms, India ($X) also remains the key foreign market for sheep or lamb skin leather exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled -32.3%.

Export Prices by Country

In 2021, the average sheep leather export price amounted to $X per square meter, declining by -56.6% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 17%. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -10.6% per year.

Sheep Leather Imports

Imports into Sri Lanka

In 2021, purchases abroad of sheep or lamb skin leather decreased by -72.8% to X square meters, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp decline. The most prominent rate of growth was recorded in 2013 when imports increased by 220%. Imports peaked at X square meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, sheep leather imports plummeted to $X in 2021. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 245%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X square meters) constituted the largest sheep leather supplier to Sri Lanka, accounting for a 49% share of total imports. Moreover, sheep leather imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), twofold. The third position in this ranking was taken by India (X square meters), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia stood at -25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+18.3% per year) and India (-24.6% per year).

In value terms, India ($X), Italy ($X) and Malaysia ($X) appeared to be the largest sheep leather suppliers to Sri Lanka, with a combined 66% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +15.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average sheep leather import price amounted to $X per square meter, growing by 81% against the previous year. In general, the import price continues to indicate significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Saudi Arabia ($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 Italy (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sheep or lamb skin leather in the world?

The countries with the highest volumes of sheep leather consumption in 2021 were China, the United States and India, together accounting for 30% of global consumption. These countries were followed by Japan, Russia, Pakistan, Nigeria, Brazil, Indonesia, Bangladesh, the UK, Mexico and Ethiopia, which together accounted for a further 26%.

What are the largest producers of sheep or lamb skin leather in the world?

The countries with the highest volumes of sheep leather production in 2021 were China, the United States and India, together accounting for 29% of global production. These countries were followed by Japan, Nigeria, Russia, Pakistan, Brazil, Indonesia, Bangladesh, the UK, Mexico and Ethiopia, which together accounted for a further 26%.

What are the leading suppliers of sheep or lamb skin leather to Sri Lanka?

In value terms, the largest sheep leather suppliers to Sri Lanka were Italy, Malaysia and Pakistan, together accounting for 90% of total imports.

What is the average export price for sheep or lamb skin leather in Sri Lanka?

In 2021, the average sheep leather export price amounted to $14 per square meter, falling by -72.4% against the previous year.

What is the average import price for sheep or lamb skin leather in Sri Lanka?

The average sheep leather import price stood at $80 per square meter in 2021, increasing by 38% against the previous year.

This report provides an in-depth analysis of the sheep leather market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15114130 - Sheep or lamb skin leather without wool on, tanned but not further prepared (excluding chamois leather)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024