ASEAN: Cows Skin Market 2024

Cows Skin Market Size in ASEAN

The ASEAN cows skin market surged to $X in 2023, growing by X% against the previous year. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cows Skin Production in ASEAN

In value terms, cows skin production rose significantly to $X in 2023 estimated in export price. In general, production, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of cows skin production was Indonesia (X tons), comprising approx. X% of total volume. Moreover, cows skin production in Indonesia exceeded the figures recorded by the second-largest producer, Vietnam (X tons), twofold. Thailand (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2023, the average annual growth rate of volume in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Cows Skin Exports

Exports in ASEAN

In 2023, shipments abroad of raw hides and skins of bovine animals increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a deep setback. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, cows skin exports shrank to $X in 2023. Overall, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Myanmar represented the largest exporter of raw hides and skins of bovine animals in ASEAN, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. Vietnam (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%).

From 2012 to 2023, average annual rates of growth with regard to cows skin exports from Myanmar stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. From 2012 to 2023, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

In value terms, Thailand ($X), Myanmar ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Cows Skin Imports

Imports in ASEAN

In 2023, after three years of growth, there was significant decline in supplies from abroad of raw hides and skins of bovine animals, when their volume decreased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X tons in 2022, and then fell sharply in the following year.

In value terms, cows skin imports dropped significantly to $X in 2023. In general, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. 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

Indonesia represented the major importer of raw hides and skins of bovine animals in ASEAN, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by Cambodia (X%).

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Cambodia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia and Cambodia increased by X and X percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported raw hides and skins of bovine animals in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Indonesia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Cambodia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform