Cuba: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Cuba

In 2021, after two years of growth, there was significant decline in the Cuban cattle hide and skin market, when its value decreased by -10.8% to $X. Over the period under review, consumption showed a mild slump. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Cuba

In value terms, cattle hide and skin production declined to $X in 2021 estimated in export price. In general, production saw a perceptible reduction. The pace of growth was the most pronounced in 2019 with an increase of 44% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The average yield of raw hides and skins of cattle in Cuba amounted to X kg per head in 2021, standing approx. at 2020 figures. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by 5.6% against the previous year. Over the period under review, the average cattle hide and skin yield hit record highs in 2021 and is expected to retain growth in the immediate term.

The number of animals slaughtered for cattle hide and skin production in Cuba shrank to X heads in 2021, with a decrease of -7.8% against the previous year. Over the period under review, the number of producing animals continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2015 with an increase of 8.7% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2017; however, from 2018 to 2021, producing animals remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Cuba

After two years of decline, shipments abroad of raw hides and skins of cattle increased by 28% to X tons in 2021. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 139% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports shrank to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 76%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Italy (X tons) and Indonesia (X tons) were the main destinations of cattle hide and skin exports from Cuba, together comprising 69% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +33.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cattle hide and skin exported from Cuba were Turkey ($X), Italy ($X) and Indonesia ($X), together comprising 71% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, waning by -29.9% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 49%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to South Africa ($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 Nigeria (+97.9%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Cuba

In 2021, after nine years of growth, there was significant decline in purchases abroad of raw hides and skins of cattle, when their volume decreased by -60.2% to X tons. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 5% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank notably in the following year.

In value terms, cattle hide and skin imports plummeted to $X in 2021. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 70%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Dominican Republic (X tons) was the main cattle hide and skin supplier to Cuba, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Dominican Republic amounted to -5.8%.

In value terms, the Dominican Republic ($X) constituted the largest supplier of raw hides and skins of cattle to Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value from the Dominican Republic amounted to -14.4%.

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, increasing by 64% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the Dominican Republic amounted to -9.1% per year.

Source: IndexBox Platform

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