Australia: Market for Raw Hides And Skins of Cattle 2023

Market Size for Raw Hides And Skins of Cattle in Australia

The Australian cattle hide and skin market fell to $X in 2021, dropping by -11.9% against the previous year. Overall, consumption, however, posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Australia

In value terms, cattle hide and skin production soared to $X in 2021 estimated in export price. Overall, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 35% against the previous year. Cattle hide and skin production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

In 2021, the average cattle hide and skin yield in Australia rose remarkably to X kg per head, with an increase of 7.3% compared with 2020 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

In 2021, number of animals slaughtered for cattle hide and skin production in Australia shrank dramatically to X heads, waning by -23.9% compared with 2020. Over the period under review, the number of producing animals continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by 13% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2015; however, from 2016 to 2021, producing animals remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Australia

In 2021, approx. X tons of raw hides and skins of cattle were exported from Australia; declining by -8.9% compared with the previous year. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 with an increase of 13% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cattle hide and skin exports skyrocketed to $X in 2021. Over the period under review, exports showed a abrupt slump. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cattle hide and skin exports from Australia, accounting for a 88% share of total exports. Moreover, cattle hide and skin exports to China exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold. The third position in this ranking was taken by Nigeria (X tons), with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-15.3% per year) and Nigeria (+85.0% per year).

In value terms, China ($X) remains the key foreign market for raw hides and skins of cattle exports from Australia, comprising 91% of total exports. The second position in the ranking was taken by Thailand ($X), with a 3.3% share of total exports. It was followed by Italy, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-19.8% per year) and Italy (-7.6% per year).

Export Prices by Country

In 2021, the average cattle hide and skin export price amounted to $X per ton, with an increase of 50% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+23.1%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Australia

In 2021, supplies from abroad of raw hides and skins of cattle decreased by -4.8% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 103% against the previous year. Imports peaked at X tons in 2020, and then declined in the following year.

In value terms, cattle hide and skin imports dropped to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +11.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.3% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 89%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tons), China (X tons) and Vanuatu (X tons) were the main suppliers of cattle hide and skin imports to Australia, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +68.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X), China ($X) and Vanuatu ($X) constituted the largest cattle hide and skin suppliers to Australia, with a combined 99% share of total imports.

In terms of the main suppliers, China, with a CAGR of +41.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, rising by 2% against the previous year. In general, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vanuatu ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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