Pakistan: Sheep Leather Market 2024

Sheep Leather Market Size in Pakistan

The Pakistani sheep leather market soared to $X in 2023, growing by X% against the previous year. Over the period under review, consumption showed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Sheep Leather Production in Pakistan

In value terms, sheep leather production skyrocketed to $X in 2023 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Sheep Leather Exports

Exports from Pakistan

Sheep leather exports from Pakistan soared to X square meters in 2023, jumping by X% compared with 2022 figures. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X square meters in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, sheep leather exports declined significantly to $X in 2023. Over the period under review, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

China (X square meters) was the main destination for sheep leather exports from Pakistan, with a X% share of total exports. Moreover, sheep leather exports to China exceeded the volume sent to the second major destination, Vietnam (X square meters), twofold. The third position in this ranking was held by Taiwan (Chinese) (X square meters), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest markets for sheep leather exported from Pakistan were China ($X), Taiwan (Chinese) ($X) and Vietnam ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sheep leather export price stood at $X per square meter in 2023, declining by X% against the previous year. Over the period under review, the export price saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per square meter in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per square meter), while the average price for exports to Vietnam ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sheep Leather Imports

Imports into Pakistan

In 2023, the amount of sheep or lamb skin leather imported into Pakistan shrank markedly to X square meters, waning by X% against the previous year. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. Imports peaked at X square meters in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, sheep leather imports shrank remarkably to $X in 2023. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X square meters), Iran (X square meters) and Nigeria (X square meters) were the main suppliers of sheep leather imports to Pakistan, with a combined X% share of total imports. Kenya, the United Arab Emirates, Senegal, Italy and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iran ($X) and Kenya ($X) constituted the largest sheep leather suppliers to Pakistan, together comprising X% of total imports. Senegal, China, Italy, Nigeria and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, 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 more modest paces of growth.

Import Prices by Country

The average sheep leather import price stood at $X per square meter in 2023, waning by X% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for Nigeria ($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 New Zealand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform