China: Market for Raw Hides And Skins of Cattle 2022

Market Size for Raw Hides And Skins of Cattle in China

The Chinese cattle hide and skin market rose modestly to $X in 2021, increasing by 4% against the previous year. Overall, consumption recorded a mild descent. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in China

In value terms, cattle hide and skin production rose rapidly to $X in 2021 estimated in export price. In general, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 48%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

The average yield of raw hides and skins of cattle in China contracted modestly to X kg per head in 2021, almost unchanged from the year before. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 1.2%. The cattle hide and skin yield peaked at X kg per head in 2020, and then dropped slightly in the following year.

The number of animals slaughtered for cattle hide and skin production in China shrank modestly to X heads in 2021, leveling off at 2020 figures. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 2.9% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2020, and then fell slightly in the following year.

Exports of Raw Hides And Skins of Cattle

Exports from China

Cattle hide and skin exports from China reduced slightly to X tons in 2021, flattening at the previous year. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +24.7% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cattle hide and skin exports amounted to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), Japan (X tons) and Indonesia (X tons) were the main destinations of cattle hide and skin exports from China, together comprising 94% of total exports. These countries were followed by Australia, which accounted for a further 3.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +59.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for cattle hide and skin exports from China, comprising 61% of total exports. The second position in the ranking was held by South Korea ($X), with a 26% share of total exports. It was followed by Australia, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+10.3% per year) and Australia (+54.0% per year).

Export Prices by Country

In 2021, the average cattle hide and skin export price amounted to $X per ton, increasing by 5.1% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into China

After two years of growth, supplies from abroad of raw hides and skins of cattle decreased by -5.4% to X tons in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, cattle hide and skin imports surged to $X in 2021. Overall, imports continue to indicate a deep slump. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of cattle hide and skin to China, accounting for a 41% share of total imports. Moreover, cattle hide and skin imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. The third position in this ranking was taken by Argentina (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-1.6% per year) and Argentina (+120.5% per year).

In value terms, the United States ($X) constituted the largest supplier of cattle hide and skin to China, comprising 45% of total imports. The second position in the ranking was held by Australia ($X), with a 12% share of total imports. It was followed by Canada, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-9.5% per year) and Canada (-5.4% per year).

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, increasing by 55% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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