ASEAN: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in ASEAN

In 2022, the ASEAN cattle hide and skin market increased by X% to $X, rising for the second year in a row after five years of decline. Overall, consumption, however, showed a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in ASEAN

In value terms, cattle hide and skin production dropped modestly to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Vietnam (X tons), Indonesia (X tons) and Myanmar (X tons), together comprising X% of total production.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average cattle hide and skin yield reduced to X kg per head in 2022, waning by X% on the previous year. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per head, and then shrank in the following year.

In 2022, number of animals slaughtered for cattle hide and skin production in ASEAN expanded notably to X heads, with an increase of X% compared with the previous year's figure. Overall, the number of producing animals, however, showed a slight setback. Over the period under review, this number attained the maximum level at X heads in 2013; however, from 2014 to 2022, producing animals remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports in ASEAN

In 2022, shipments abroad of raw hides and skins of cattle increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, cattle hide and skin exports rose modestly to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Cambodia (X tons), distantly followed by Malaysia (X tons), Myanmar (X tons), Thailand (X tons) and Vietnam (X tons) represented the largest exporters of raw hides and skins of cattle, together achieving X% of total exports. Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin supplying countries in ASEAN were Thailand ($X), Cambodia ($X) and Malaysia ($X), with a combined X% share of total exports.

Among the main exporting countries, Cambodia, with a CAGR of X%, saw 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

The export price in ASEAN stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, 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.

Imports of Raw Hides And Skins of Cattle

Imports in ASEAN

In 2022, supplies from abroad of raw hides and skins of cattle increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports soared to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Thailand represented the major importing country with an import of around X tons, which resulted at X% of total imports. Indonesia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (X%) and Vietnam (X%).

Thailand experienced a relatively flat trend pattern with regard to volume of imports of raw hides and skins of cattle. At the same time, Cambodia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.) and Vietnam (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported raw hides and skins of cattle in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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