Cabo Verde: Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in Cabo Verde

The revenue of the bovine hide and skin market in Cabo Verde amounted to $X in 2018, coming down by -X% against the previous year. Overall, bovine hide and skin consumption continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2013 when the market value increased by X% year-to-year. In that year, the bovine hide and skin market reached its peak level of $X. From 2014 to 2018, the growth of the bovine hide and skin market failed to regain its momentum.

Production of Raw Hides And Skins Of Cattle in Cabo Verde

In value terms, bovine hide and skin production amounted to $X in 2018 estimated in export prices. In general, bovine hide and skin production continues to indicate a relatively flat trend pattern. Over the period under review, bovine hide and skin production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Exports of Raw Hides And Skins Of Cattle

Exports by Country

In 2018, the U.S. (X units) represented the main exporter of raw hides and skins of cattle, making up X% of total exports. Australia (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%) and France (X%). The Netherlands (X units), Canada (X units), Italy (X units), the UK (X units), Austria (X units), Spain (X units), Ireland (X units) and Belgium (X units) held a minor share of total exports.

Exports from the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the UK (+X%), Belgium (+X%), Austria (+X%), Germany (+X%), Spain (+X%), Ireland (+X%), Australia (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-X%) and Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the UK increased by +X% percentage points, while France (-X p.p.), Canada (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest bovine hide and skin supplier from Cabo Verde, comprising X% of global exports. The second position in the ranking was occupied by France ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to -X%. In the other countries, the average annual rates were as follows: France (-X% per year) and Australia (-X% per year).

Export Prices by Country

In 2018, the bovine hide and skin export price in Cabo Verde amounted to $X per unit, remaining stable against the previous year. Overall, the bovine hide and skin export price continues to indicate a relatively flat trend pattern. Cabo Verde export price peaked at $X per unit in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Imports of Raw Hides And Skins Of Cattle

Imports into Cabo Verde

In 2018, the amount of raw hides and skins of cattle imported into Cabo Verde stood at X units, increasing by X% against the previous year. In general, bovine hide and skin imports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. In that year, bovine hide and skin imports reached their peak of X units. From 2014 to 2018, the growth of bovine hide and skin imports failed to regain its momentum.

In value terms, bovine hide and skin imports amounted to $X in 2018. Over the period under review, bovine hide and skin imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, bovine hide and skin imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

China represented the main importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Italy (X units), South Korea (X units) and Mexico (X units), together constituting a X% share of total imports. Germany (X units), the Netherlands (X units), Austria (X units), Thailand (X units), Vietnam (X units) and Turkey (X units) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), the Netherlands (+X%), Mexico (+X%), Austria (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), South Korea (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Mexico and the Netherlands increased by +X%, +X% and +X% percentage points, while Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Germany, Thailand, the Netherlands, Mexico, Austria, Turkey, Vietnam and Cabo Verde, which together accounted for a further X the main importing countries, the Netherlands experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The bovine hide and skin import price in Cabo Verde stood at $X per unit in 2018, going down by -X% against the previous year. Over the period under review, the bovine hide and skin import price, however, continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2017 when the import price increased by X% year-to-year. In that year, the import prices for raw hides and skins of cattle attained their peak level of $X per unit, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform