Brazil: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Brazil

The Brazilian cattle hide and skin market fell modestly to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. Cattle hide and skin consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Brazil

In value terms, cattle hide and skin production declined to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average cattle hide and skin yield in Brazil reduced slightly to X kg per head, dropping by X% on 2021. Overall, the yield indicated measured growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cattle hide and skin yield increased by X% against 2012 indices. The growth pace was the most rapid in 2017 when the yield increased by X%. The cattle hide and skin yield peaked at X kg per head in 2021, and then reduced in the following year.

In 2022, the number of animals slaughtered for cattle hide and skin production in Brazil rose modestly to X heads, picking up by X% compared with the previous year. In general, the number of producing animals, however, showed a pronounced reduction. 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 from Brazil

In 2022, approx. X tons of raw hides and skins of cattle were exported from Brazil; growing by X% against the previous year's figure. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, cattle hide and skin exports skyrocketed to $X in 2022. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for cattle hide and skin exports from Brazil, with a X% share of total exports. Moreover, cattle hide and skin exports to Nigeria exceeded the volume sent to the second major destination, Turkey (X tons), twofold. Uruguay (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Uruguay (X% per year).

In value terms, Hong Kong SAR ($X), Nigeria ($X) and Uruguay ($X) constituted the largest markets for cattle hide and skin exported from Brazil worldwide, together comprising X% of total exports.

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cattle hide and skin export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Hides And Skins of Cattle

Imports into Brazil

In 2022, approx. X tons of raw hides and skins of cattle were imported into Brazil; remaining stable against the previous year's figure. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cattle hide and skin imports reached $X in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Uruguay (X tons), the United States (X tons) and Argentina (X tons) were the main suppliers of cattle hide and skin imports to Brazil, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin suppliers to Brazil were the United States ($X), Uruguay ($X) and Argentina ($X), together comprising X% of total imports.

Among the main suppliers, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, stabilizing at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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