Hong Kong SAR, China - Leather Of Bovine And Equine Animals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Bovine and Equine Leather in Hong Kong SAR - 2023
Contents:
- Price for Bovine and Equine Leather in Hong Kong SAR (CIF) - 2023
- Price for Bovine and Equine Leather in Hong Kong SAR (FOB) - 2023
- Imports of Bovine and Equine Leather in Hong Kong SAR
- Exports of Bovine and Equine Leather in Hong Kong SAR
Price for Bovine and Equine Leather in Hong Kong SAR (CIF) - 2023
The average bovine and equine leather import price stood at $16,245 per ton in June 2023, with an increase of 9.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 17% against the previous month. Over the period under review, average import prices reached the maximum at $17,908 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was India ($26,481 per ton), while the price for Brazil ($5,241 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Bovine and Equine Leather in Hong Kong SAR (FOB) - 2023
The average bovine and equine leather export price stood at $17,254 per ton in June 2023, with an increase of 7.6% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 23% month-to-month. As a result, the export price reached the peak level of $21,141 per ton. From March 2023 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Cambodia ($24,248 per ton), while the average price for exports to Vietnam ($14,351 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Bovine and Equine Leather in Hong Kong SAR
In 2022, imports of leather of bovine and equine animals into Hong Kong SAR declined markedly to 27K tons, with a decrease of -33.7% against 2021. Over the period under review, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
In value terms, bovine and equine leather imports fell significantly to $425M in 2022. Overall, imports faced a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 16%.
Import of Bovine and Equine Leather in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 173 | 139 | 155 | 106 | -15.1% |
Italy | 168 | 106 | 111 | 86.0 | -20.0% |
Brazil | 56.3 | 23.5 | 47.9 | 48.2 | -5.0% |
Thailand | 70.7 | 50.9 | 53.2 | 41.7 | -16.1% |
Vietnam | 58.0 | 38.3 | 49.2 | 21.1 | -28.6% |
Argentina | 76.5 | 26.9 | 26.3 | 18.4 | -37.8% |
South Korea | 42.2 | 14.9 | 19.5 | 18.4 | -24.2% |
India | 41.4 | 16.5 | 18.5 | 16.8 | -26.0% |
Bangladesh | 24.8 | 13.0 | 8.4 | 6.2 | -37.0% |
Taiwan (Chinese) | 22.1 | 13.7 | 16.5 | 5.0 | -39.1% |
Turkey | 5.1 | 2.2 | 8.1 | 4.5 | -4.1% |
United States | 12.7 | 6.1 | 6.4 | 3.9 | -32.5% |
Mexico | 7.1 | 4.7 | 3.7 | 0.7 | -53.8% |
Others | 78.7 | 46.3 | 60.5 | 47.3 | -15.6% |
Total | 836 | 502 | 584 | 425 | -20.2% |
Top Suppliers of Bovine and Equine Leather to Hong Kong SAR in 2022:
- Brazil (6.9K tons)
- China (5.4K tons)
- Italy (4.0K tons)
- Thailand (1.9K tons)
- Vietnam (1.3K tons)
- Argentina (1.1K tons)
- India (1.0K tons)
- Turkey (0.9K tons)
- South Korea (0.8K tons)
- Bangladesh (0.5K tons)
- Taiwan (Chinese) (0.3K tons)
- United States (0.3K tons)
- Mexico (0.1K tons)
Exports of Bovine and Equine Leather in Hong Kong SAR
In 2022, approx. 23K tons of leather of bovine and equine animals were exported from Hong Kong SAR; dropping by -38.1% compared with 2021. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.
In value terms, bovine and equine leather exports declined dramatically to $393M in 2022. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year.
Export of Bovine and Equine Leather in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 611 | 352 | 410 | 282 | -22.7% |
Vietnam | 47.8 | 45.8 | 46.0 | 50.9 | 2.1% |
Indonesia | 24.1 | 18.9 | 20.5 | 19.1 | -7.5% |
Cambodia | 19.7 | 12.6 | 16.8 | 14.5 | -9.7% |
Bangladesh | 17.4 | 12.7 | 21.7 | 9.1 | -19.4% |
India | 19.0 | 9.8 | 9.3 | 4.8 | -36.8% |
Others | 21.8 | 20.3 | 14.2 | 12.4 | -17.1% |
Total | 761 | 472 | 538 | 393 | -19.8% |
Top Export Markets for Bovine and Equine Leather from Hong Kong SAR in 2022:
- China (17.9K tons)
- Vietnam (2.7K tons)
- Indonesia (0.9K tons)
- Cambodia (0.7K tons)
- Bangladesh (0.5K tons)
- India (0.2K tons)
This report provides an in-depth analysis of the market for bovine and equine leather in Hong Kong SAR, China. 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 15113100 - Leather, of bovine animals, without hair, whole
- Prodcom 15113200 - Leather, of bovine animals, without hair, not whole
- Prodcom 15113300 - Leather, of equine animals, without hair
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for bovine and equine leather in Hong Kong SAR, China.
This report provides an in-depth analysis of the global market for bovine and equine leather.
This report provides an in-depth analysis of the market for bovine and equine leather in Hong Kong SAR, China.
This report provides an in-depth analysis of the global market for bovine and equine leather.
Explore the top 10 countries by import value of bovine and equine leather in 2023. Learn about the key players shaping the global leather trade landscape.
Explore the top 10 countries by import value of bovine and equine leather in 2023. Learn about the key players shaping the global leather trade landscape.