EU: Market for Leather of Bovine and Equine Animals 2024

Market Size for Leather of Bovine and Equine Animals in the EU

The EU bovine and equine leather market expanded modestly to $X in 2023, surging by X% against the previous year. Over the period under review, consumption continues to indicate a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Leather of Bovine and Equine Animals in the EU

In value terms, bovine and equine leather production rose markedly to $X in 2023 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Exports of Leather of Bovine and Equine Animals

Exports in the EU

After two years of growth, overseas shipments of leather of bovine and equine animals decreased by X% to X square meters in 2023. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X square meters in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, bovine and equine leather exports contracted modestly to $X in 2023. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Italy (X square meters) represented the key exporter of leather of bovine and equine animals, creating X% of total exports. Poland (X square meters) held the second position in the ranking, followed by Spain (X square meters) and Germany (X square meters). All these countries together took approx. X% share of total exports. The following exporters - the Netherlands (X square meters), France (X square meters), Denmark (X square meters), Belgium (X square meters), Austria (X square meters) and the Czech Republic (X square meters) - together made up X% of total exports.

Exports from Italy decreased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Spain and Belgium experienced a relatively flat trend pattern. By contrast, France (X%), Germany (X%), the Netherlands (X%), the Czech Republic (X%) and Austria (X%) illustrated a downward trend over the same period. Italy (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while France, the Czech Republic, Austria, the Netherlands and Germany saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest bovine and equine leather supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by Spain, with an X% share.

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

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per square meter, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2023, the export prices failed to regain momentum.

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 Austria ($X per square meter), while Poland ($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 Austria (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Leather of Bovine and Equine Animals

Imports in the EU

Bovine and equine leather imports dropped to X square meters in 2023, with a decrease of X% compared with the previous year. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, bovine and equine leather imports declined to $X in 2023. Overall, imports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Italy dominates imports structure, resulting at X square meters, which was near X% of total imports in 2023. It was distantly followed by Spain (X square meters), making up a X% share of total imports. Portugal (X square meters), Poland (X square meters), Germany (X square meters) and France (X square meters) followed a long way behind the leaders.

Italy was also the fastest-growing in terms of the leather of bovine and equine animals imports, with a CAGR of X% from 2012 to 2023. Spain (X%), Portugal (X%), Poland (X%), France (X%) and Germany (X%) illustrated a downward trend over the same period. Italy (X p.p.) significantly strengthened its position in terms of the total imports, while France, Portugal, Poland, Spain and Germany saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, Italy ($X) constitutes the largest market for imported leather of bovine and equine animals in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Italy totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per square meter in 2023, surging by X% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2023, 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 France ($X per square meter), while Italy ($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 Germany (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform