MERCOSUR: Leather Market 2024

Leather Market Size in MERCOSUR

The MERCOSUR leather market declined markedly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption showed a perceptible shrinkage. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Leather Production in MERCOSUR

In value terms, leather production dropped markedly to $X in 2023 estimated in export price. Overall, production saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Leather Exports

Exports in MERCOSUR

After five years of decline, shipments abroad of leather increased by X% to X square meters in 2023. In general, exports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The volume of export peaked at X square meters in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, leather exports reduced to $X in 2023. Overall, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Brazil represented the main exporting country with an export of around X square meters, which resulted at X% of total exports. Argentina (X square meters) held the second position in the ranking, followed by Paraguay (X square meters) and Uruguay (X square meters). All these countries together held approx. X% share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of leather. Paraguay experienced a relatively flat trend pattern. Uruguay (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest leather supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with an X% share of total exports. It was followed by Uruguay, with a X% share.

In Brazil, leather exports contracted by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per square meter, shrinking by X% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2023, the export prices remained at a 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 Uruguay ($X per square meter), while Paraguay ($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 Brazil (X%), while the other leaders experienced a decline in the export price figures.

Leather Imports

Imports in MERCOSUR

In 2023, the amount of leather imported in MERCOSUR contracted slightly to X square meters, reducing by X% compared with 2022. Total imports indicated modest growth from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, leather imports dropped to $X in 2023. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Brazil represented the major importer of leather in MERCOSUR, with the volume of imports amounting to X square meters, which was near X% of total imports in 2023. It was distantly followed by Uruguay (X square meters), Argentina (X square meters), Paraguay (X square meters) and Colombia (X square meters), together constituting a X% share of total imports. The following importers - Chile (X square meters) and Ecuador (X square meters) - each accounted for an X% share of total imports.

Brazil was also the fastest-growing in terms of the leather imports, with a CAGR of X% from 2012 to 2023. At the same time, Ecuador (X%) and Colombia (X%) displayed positive paces of growth. Argentina and Paraguay experienced a relatively flat trend pattern. By contrast, Uruguay (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Argentina (X p.p.), Paraguay (X p.p.), Chile (X p.p.) and Uruguay (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Uruguay ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Colombia, Chile, Paraguay and Ecuador lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 MERCOSUR amounted to $X per square meter, declining by X% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per square meter), while Paraguay ($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 Argentina (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform