Central Asia: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in Central Asia

The Central Asian bovine and equine leather market declined to $X in 2023, reducing by X% against the previous year. In general, consumption, however, showed a moderate increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in Central Asia

In value terms, bovine and equine leather production fell to $X in 2023 estimated in export price. In general, production enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports in Central Asia

In 2023, bovine and equine leather exports in Central Asia reached X square meters, surging by X% against the previous year's figure. In general, exports showed noticeable growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X square meters. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, bovine and equine leather exports expanded markedly to $X in 2023. Overall, exports recorded resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Uzbekistan (X square meters) was the main exporter of leather of bovine and equine animals, generating X% of total exports. Kazakhstan (X square meters) took the second position in the ranking, followed by Kyrgyzstan (X square meters) and Tajikistan (X square meters). All these countries together held near X% share of total exports. Mongolia (X square meters) held a minor share of total exports.

Exports from Uzbekistan decreased at an average annual rate of X% from 2012 to 2023. At the same time, Tajikistan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Kyrgyzstan (X%), Kazakhstan (X%) and Mongolia (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Mongolia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest bovine and equine leather supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Tajikistan, with a X% share.

In Uzbekistan, bovine and equine leather exports declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Tajikistan (X% per year).

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per square meter, with an increase of X% against the previous year. In general, the export price recorded a perceptible expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per square meter), while Kyrgyzstan ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in Central Asia

In 2023, supplies from abroad of leather of bovine and equine animals increased by X% to X square meters, rising for the third year in a row after two years of decline. In general, imports recorded modest growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, bovine and equine leather imports skyrocketed to $X in 2023. Overall, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Kazakhstan (X square meters), Mongolia (X square meters) and Kyrgyzstan (X square meters) represented roughly X% of total imports in 2023. It was distantly followed by Uzbekistan (X square meters), constituting a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bovine and equine leather importing markets in Central Asia were Kazakhstan ($X), Mongolia ($X) and Uzbekistan ($X), with a combined X% share of total imports. These countries were followed by Kyrgyzstan, which accounted for a further X%.

In terms of the main importing countries, Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per square meter, declining by X% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Uzbekistan ($X per square meter), while Kyrgyzstan ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform