Nigeria - Raw Hides And Skins Of Cattle - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Cattle Hide and Skin in Nigeria - 2022
Contents:
- Price for Cattle Hide and Skin in Nigeria (CIF) - 2022
- Price for Cattle Hide and Skin in Nigeria (FOB) - 2022
- Imports of Cattle Hide and Skin in Nigeria
- Exports of Cattle Hide and Skin in Nigeria
Price for Cattle Hide and Skin in Nigeria (CIF) - 2022
In 2022, the average cattle hide and skin import price amounted to $798 per ton, reducing by -13% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2014 when the average import price increased by 43% against the previous year. The import price peaked at $1,878 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 Oman ($2,359 per ton), while the price for Botswana ($346 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+35.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cattle Hide and Skin in Nigeria (FOB) - 2022
In 2022, the average cattle hide and skin export price amounted to $1,365 per ton, declining by -5% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 13%. The export price peaked at $3,675 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +37.8% per year.
Imports of Cattle Hide and Skin in Nigeria
In 2022, approx. 121K tons of raw hides and skins of cattle were imported into Nigeria; jumping by 110% against 2021 figures. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 264% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, cattle hide and skin imports surged to $96M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 328%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Cattle Hide and Skin in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 5.3 | 18.7 | 9.3 | 21.2 | 58.7% |
| Madagascar | 0.2 | 8.7 | 8.8 | 17.3 | 342.3% |
| Sudan | 2.1 | 6.0 | 6.1 | 12.0 | 78.8% |
| Oman | 0.2 | 0.6 | 2.2 | 4.2 | 175.9% |
| Brazil | N/A | 1.4 | 1.1 | 3.4 | 55.8% |
| Italy | 0.2 | 1.2 | 1.8 | 3.4 | 157.1% |
| Lebanon | 1.1 | 2.9 | 1.4 | 3.4 | 45.7% |
| Turkey | 1.0 | 2.5 | 1.5 | 3.2 | 47.4% |
| Saudi Arabia | N/A | 0.2 | 1.6 | 3.2 | 300.0% |
| Togo | 0.4 | 3.2 | 0.5 | 2.6 | 86.6% |
| Niger | 0.4 | 1.0 | 1.3 | 2.5 | 84.2% |
| China | N/A | 0.1 | 1.0 | 2.0 | 347.2% |
| Botswana | N/A | 0.1 | 0.5 | 0.9 | 200.0% |
| Others | 5.1 | 22.1 | 15.7 | 17.0 | 49.4% |
| Total | 16.0 | 68.6 | 52.9 | 96.5 | 82.0% |
Top Suppliers of Cattle Hide and Skin to Nigeria in 2022:
- Tanzania (31.1K tons)
- Madagascar (20.0K tons)
- Sudan (8.0K tons)
- Italy (6.6K tons)
- Lebanon (5.3K tons)
- Brazil (4.9K tons)
- Turkey (3.9K tons)
- Saudi Arabia (3.8K tons)
- Togo (3.4K tons)
- Botswana (2.6K tons)
- Oman (1.8K tons)
- Niger (1.8K tons)
- China (1.7K tons)
Exports of Cattle Hide and Skin in Nigeria
In 2022, cattle hide and skin exports from Nigeria rose notably to 7.1K tons, growing by 9.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, cattle hide and skin exports rose slightly to $9.7M in 2022. Over the period under review, exports, however, showed a pronounced slump.
| Export of Cattle Hide and Skin in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 10.0 | 9.4 | 9.7 | -2.6% |
| Malaysia | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.9 | 10.1 | 9.4 | 9.7 | -3.8% |
Top Export Markets for Cattle Hide and Skin from Nigeria in 2022:
- China (7.1K tons)
This report provides an in-depth analysis of the market for cattle hide and skin in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 919 - Cattle hides, fresh
- FCL 957 - Buffalo hides, fresh
- FCL 1102 - Horse hides, fresh
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, raw hides and skins of bovine imports stood at $X in 2016. In general, raw hides and skins of bovine imports continue to indicate a relatively flat trend pattern. Over the period un...
1697
In value terms, fresh raw hides and skins imports amounted to $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total imports value decreased at an average annual rate of -X>
964
In value terms, raw hides and skins of bovine exports stood at $X in 2016. In general, raw hides and skins of bovine exports continue to indicate a relatively flat trend pattern. Global raw hides a...
1010
In value terms, fresh raw hides and skins exports totaled $X in 2016. Overall, it indicated a modest growth from 2007 to 2016: the total exports value decreased at an average annual rate of -X% o...
2276
From 2007 to 2016, the global bovine hide market grew steadily to X tons in 2016. In value terms, the market stood at $X. After a noticable decline of market value in 2009, there was a recovery and a period of further growth, peaking at $X
4820
Global bovine hide and skin exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
6663
In 2015, the countries with the highest levels of production in 2015 were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
2297
The global market for raw cattle hides and skins earned total revenues of $X in 2016, which was $X (or X%) less than the highest level of market value achieved in 2014.
1327
In value terms, tanned and crust hides and skins of bovine imports stood at $X in 2016. Overall, tanned and crust hides and skins of bovine imports continue to indicate a mild decline. Over the per...
832
In value terms, tanned and crust hides and skins of other animals without wool imports amounted to $X in 2016. Overall, tanned and crust hides and skins of other animals without wool imports contin...
