The Leather of Bovine or Equine Animals market in India experienced significant growth from 2012 to 2015, peaking at 3.5629 billion USD in 2015. However, the market faced declines starting in 2016, reaching its lowest point in 2020 at 2.3301 billion USD. Despite a slight recovery in 2021 and 2022, the market has shown overall fluctuations with a recent CAGR of -2.96% over the last 5 years.
Noteworthy variations include a steep rise of 37.21% in 2014, followed by a series of declines, particularly in 2018, 2019, and 2020, before recovering with a 21.51% increase in 2021. The market size value in 2023 is yet to be determined.
Future trends to watch for:
- Impact of regulatory changes on leather production and exports
- Technological advancements in leather processing
- Shifts in consumer preferences towards sustainable and ethical leather products
- Global economic conditions and their effect on the leather industry
How does India rank in Leather of Bovine or Equine Animals Market Size Value?
| # | 5 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 17,323,000,000 | 2023 | +0.52% | +0.53% | View data |
| 2 | 2 India | 2,877,800,000 | 2023 | +0.81% | -0.44% | |
| 3 | 3 France | 1,647,900,000 | 2023 | +0.26% | -1.13% | View data |
| 4 | 4 Poland | 1,152,400,000 | 2023 | -1.26% | -1.21% | View data |
| 5 | 5 Thailand | 1,004,300,000 | 2023 | +1.35% | +1.5% | View data |
