Bulgaria: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Bulgaria

The Bulgarian cattle hide and skin market dropped markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Raw Hides And Skins of Cattle in Bulgaria

In value terms, cattle hide and skin production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of raw hides and skins of cattle in Bulgaria reached X kg per head in 2022, increasing by X% compared with the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 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 2016 when the yield increased by X% against the previous year. The cattle hide and skin yield peaked at X kg per head in 2020; however, from 2021 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for cattle hide and skin production in Bulgaria contracted to X heads, shrinking by X% on 2021 figures. In general, the number of producing animals saw a perceptible shrinkage. The growth pace was the most rapid in 2021 when the number of producing animals increased by X%. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

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Exports of Raw Hides And Skins of Cattle

Exports from Bulgaria

In 2022, the amount of raw hides and skins of cattle exported from Bulgaria soared to X tons, growing by X% against 2021. Overall, exports, however, continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cattle hide and skin exports surged to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for cattle hide and skin exports from Bulgaria, with a X% share of total exports. Moreover, cattle hide and skin exports to Turkey exceeded the volume sent to the second major destination, Serbia (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Italy (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for raw hides and skins of cattle exports from Bulgaria, comprising X% of total exports. The second position in the ranking was taken by Serbia ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average cattle hide and skin export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Serbia ($X per ton) and India ($X per ton), while the average price for exports to Turkey ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

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

Imports of Raw Hides And Skins of Cattle

Imports into Bulgaria

In 2022, imports of raw hides and skins of cattle into Bulgaria skyrocketed to X tons, jumping by X% against the year before. In general, imports posted a pronounced increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cattle hide and skin imports rose significantly to $X in 2022. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Greece (X tons), Bosnia and Herzegovina (X tons) and Romania (X tons) were the main suppliers of cattle hide and skin imports to Bulgaria, 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 Greece (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Greece ($X), Bosnia and Herzegovina ($X) and South Africa ($X) appeared to be the largest cattle hide and skin suppliers to Bulgaria, with a combined X% share of total imports.

Greece, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price faced a deep downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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