Canada: Market for Raw Hides And Skins of Cattle 2022

Market Size for Raw Hides And Skins of Cattle in Canada

In 2021, the Canadian cattle hide and skin market decreased by -3.2% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, saw a prominent increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Canada

In value terms, cattle hide and skin production surged to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2014 with an increase of 24%. Cattle hide and skin production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

In 2021, the average yield of raw hides and skins of cattle in Canada fell slightly to X kg per head, remaining constant against 2020. The yield figure increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the yield increased by 27%. Over the period under review, the average cattle hide and skin yield attained the peak level at X kg per head in 2015; however, from 2016 to 2021, the yield failed to regain momentum.

The number of animals slaughtered for cattle hide and skin production in Canada reached X heads in 2021, approximately mirroring the previous year. In general, the number of producing animals, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by 6.6% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2012; however, from 2013 to 2021, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Canada

In 2021, the amount of raw hides and skins of cattle exported from Canada amounted to X tons, picking up by 8.5% against 2020. In general, exports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The exports peaked 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 Canada, accounting for a 61% share of total exports. Moreover, cattle hide and skin exports to China exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. South Korea (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.0% per year) and South Korea (+8.1% per year).

In value terms, China ($X) remains the key foreign market for cattle hide and skin exports from Canada, comprising 61% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9% share of total exports. It was followed by the United States, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.7% per year) and the United States (-10.8% per year).

Export Prices by Country

In 2021, the average cattle hide and skin export price amounted to $X per ton, jumping by 55% against the previous year. Overall, the export price, however, showed a noticeable decline. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Italy ($X per ton) and Mexico ($X per ton), while the average price for exports to the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-3.1%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Canada

In 2021, overseas purchases of raw hides and skins of cattle increased by 25% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 35% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of cattle hide and skin to Canada, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -13.4%.

In value terms, the United States ($X) constituted the largest supplier of cattle hide and skin to Canada.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -17.1%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, jumping by 54% against the previous year. In general, the import price, however, recorded a perceptible downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.3% per year.

Source: IndexBox Market Intelligence Platform