Nigeria: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Nigeria

The Nigerien cattle hide and skin market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Raw Hides And Skins of Cattle in Nigeria

In value terms, cattle hide and skin production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Cattle hide and skin production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of raw hides and skins of cattle in Nigeria was estimated at X kg per head in 2022, standing approx. at 2021. Over the period under review, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the average cattle hide and skin yield hit record highs at X kg per head in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for cattle hide and skin production in Nigeria fell modestly to X heads in 2022, almost unchanged from the previous year's figure. In general, the number of producing animals, however, showed a modest increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2021, and then declined modestly in the following year.

Exports of Raw Hides And Skins of Cattle

Exports from Nigeria

In 2022, overseas shipments of raw hides and skins of cattle decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports showed a mild contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports contracted notably to $X in 2022. Overall, exports faced a sharp downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) and Taiwan (Chinese) (X tons) were the main destinations of cattle hide and skin exports from Nigeria. Moreover, cattle hide and skin exports in India exceeded the figures recorded by the second-largest exporter, Taiwan (Chinese), twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of X%).

In value terms, the largest markets for cattle hide and skin exported from Nigeria were India ($X) and Taiwan (Chinese) ($X).

Among the main countries of destination, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Hides And Skins of Cattle

Imports into Nigeria

In 2022, cattle hide and skin imports into Nigeria skyrocketed to X tons, rising by X% against 2021. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cattle hide and skin imports soared to $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Madagascar (X tons) constituted the largest cattle hide and skin supplier to Nigeria, accounting for a X% share of total imports. Moreover, cattle hide and skin imports from Madagascar exceeded the figures recorded by the second-largest supplier, Kenya (X tons), twofold. Sudan (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Madagascar amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and Sudan (X% per year).

In value terms, Ethiopia ($X), Madagascar ($X) and Sudan ($X) were the largest cattle hide and skin suppliers to Nigeria, together comprising X% of total imports. Kenya, Tanzania, Italy, Saudi Arabia and Colombia lagged somewhat behind, together accounting for a further X%.

Kenya, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cattle hide and skin import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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