Eastern Asia: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Eastern Asia

The East Asian cattle hide and skin market was estimated at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a slight descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Eastern Asia

In value terms, cattle hide and skin production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

China (X tons) remains the largest cattle hide and skin producing country in Eastern Asia, accounting for X% of total volume. It was followed by South Korea (X tons), with a X% share of total production.

In China, cattle hide and skin production increased at an average annual rate of X% over the period from 2012-2022.

In 2022, the average cattle hide and skin yield in Eastern Asia declined modestly to X kg per head, remaining relatively unchanged against the year before. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2020 to 2022, the growth of the cattle hide and skin yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for cattle hide and skin production in Eastern Asia; stabilizing at the year before. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2021, and then dropped in the following year.

Exports of Raw Hides And Skins of Cattle

Exports in Eastern Asia

In 2022, exports of raw hides and skins of cattle in Eastern Asia dropped dramatically to X tons, reducing by X% compared with the previous year. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cattle hide and skin exports reduced to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) and Japan (X tons) were the largest exporters of raw hides and skins of cattle in Eastern Asia, together reaching near X% of total exports. It was distantly followed by South Korea (X tons), making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total exports.

Among the main exporting countries, South Korea, with a CAGR of X%, 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 trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports in Eastern Asia

In 2022, cattle hide and skin imports in Eastern Asia expanded significantly to X tons, growing by X% on the previous year's figure. Over the period under review, imports, however, saw a mild curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, cattle hide and skin imports reached $X in 2022. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X tons), making up an X% share of total imports. Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of raw hides and skins of cattle. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported raw hides and skins of cattle in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

In China, cattle hide and skin imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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