Canada: Overview of the Market for Raw Hides And Skins of Cattle 2021

Market Size for Raw Hides And Skins of Cattle in Canada

After two years of growth, the Canadian cattle hide and skin market decreased by -X% to $X in 2019. In general, consumption, however, showed a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Production of Raw Hides And Skins of Cattle in Canada

In value terms, cattle hide and skin production declined significantly to $X in 2019 estimated in export prices. Overall, production, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% against the previous year. Cattle hide and skin production peaked at $X in 2008; however, from 2009 to 2019, production failed to regain the momentum.

The average yield of raw hides and skins of cattle in Canada was estimated at X kg per head in 2019, growing by X% on the year before. Overall, the yield, however, saw a mild setback. The pace of growth was the most pronounced in 2011 when the yield increased by X% year-to-year. As a result, the yield reached the peak level of X kg per head. From 2012 to 2019, the growth of the average cattle hide and skin yield failed to regain the momentum.

The number of animals slaughtered for cattle hide and skin production in Canada dropped to X heads in 2019, therefore, remained relatively stable against the year before. In general, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, the number of animals produced reached the peak level of X heads. From 2012 to 2019, the growth of this number failed to regain the momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Canada

In 2019, shipments abroad of raw hides and skins of cattle was finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, cattle hide and skin exports fell dramatically to $X in 2019. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China (X tonnes) was the main destination for cattle hide and skin exports from Canada, with a X% share of total exports. Moreover, cattle hide and skin exports to China exceeded the volume sent to the second major destination, Japan (X tonnes), tenfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and the U.S. (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-X% per year) and Japan (-X% per year).

Export Prices by Country

The average cattle hide and skin export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Overall, the export price showed a perceptible slump. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per tonne), while the average price for exports to Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Canada

In 2019, supplies from abroad of raw hides and skins of cattle decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports dropped remarkably to $X in 2019. In general, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of cattle hide and skin to Canada, with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. stood at -X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. amounted to -X%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw hides and skins of cattle in the world?

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China (2.4M tonnes) constituted the country with the largest volume of cattle hide and skin consumption, comprising approx. 25% of total volume. Moreover, cattle hide and skin consumption in China exceeded the figures recorded by the second-largest consumer, Brazil (1M tonnes), twofold. The third position in this ranking was occupied by India (565K tonnes), with a 5.9% share.

What are the largest producers of raw hides and skins of cattle in the world?

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The countries with the highest volumes of cattle hide and skin production in 2019 were China (1.5M tonnes), the U.S. (1.1M tonnes) and Brazil (996K tonnes), together comprising 38% of global production. India, Argentina, Pakistan, Australia, Mexico and Russia lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of raw hides and skins of cattle to Canada?

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In value terms, the U.S. ($772K) constituted the largest supplier of cattle hide and skin to Canada.

What are the leading importers of raw hides and skins of cattle from Canada?

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In value terms, China ($93M) remains the key foreign market for cattle hide and skin exports from Canada, comprising 66% of total exports. The second position in the ranking was occupied by South Korea ($9.4M), with a 6.7% share of total exports. It was followed by Japan, with a 6.3% share.

What is the average export price for raw hides and skins of cattle in Canada?

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In 2019, the average cattle hide and skin export price amounted to $1,318 per tonne, declining by -33.8% against the previous year.

What is the average import price for raw hides and skins of cattle in Canada?

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In 2019, the average cattle hide and skin import price amounted to $1,549 per tonne, reducing by -36.1% against the previous year.