Eritrea: Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in Eritrea

The revenue of the bovine hide and skin market in Eritrea amounted to $X in 2018, falling by -X% against the previous year. In general, bovine hide and skin consumption continues to indicate extraordinary growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Eritrea bovine hide and skin consumption peaked at $X in 2014; however, from 2015 to 2018, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins Of Cattle in Eritrea

In value terms, bovine hide and skin production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2008 when production volume increased by X% against the previous year. In that year, bovine hide and skin production reached its peak level of $X. From 2009 to 2018, bovine hide and skin production growth failed to regain its momentum.

Exports of Raw Hides And Skins Of Cattle

Exports from Eritrea

Bovine hide and skin exports from Eritrea totaled X units in 2018, increasing by X% against the previous year. Overall, bovine hide and skin exports, however, continue to indicate a drastic decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. Eritrea exports peaked at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, bovine hide and skin exports amounted to $X in 2018. Over the period under review, bovine hide and skin exports, however, continue to indicate a drastic deduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Eritrea exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The U.S. was the key exporter of raw hides and skins of cattle in the world, with the volume of exports finishing at X units, which was near X% of total exports in 2018. It was distantly followed by Australia (X units), Germany (X units) and France (X units), together making up a X% share of total exports. The Netherlands (X units), Canada (X units), Italy (X units), the UK (X units), Austria (X units), Spain (X units), Ireland (X units) and Belgium (X units) followed a long way behind the leaders.

Exports from the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the UK (+X%), Belgium (+X%), Austria (+X%), Germany (+X%), Spain (+X%), Ireland (+X%), Australia (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of the UK (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of France (-X p.p.), Canada (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest bovine hide and skin supplier from Eritrea, comprising X% of global exports. The second position in the ranking was occupied by France ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

In the U.S., bovine hide and skin exports decreased by an average annual rate of -X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: France (-X% per year) and Australia (-X% per year).

Export Prices by Country

The bovine hide and skin export price in Eritrea stood at $X per unit in 2018, remaining stable against the previous year. Overall, the bovine hide and skin export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% year-to-year. In that year, the export prices for raw hides and skins of cattle reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for raw hides and skins of cattle failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Imports of Raw Hides And Skins Of Cattle

Imports by Country

China was the key importing country with an import of around X units, which reached X% of total imports. Italy (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%) and Mexico (X%). Germany (X units), the Netherlands (X units), Austria (X units), Thailand (X units), Vietnam (X units) and Turkey (X units) occupied a minor share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), the Netherlands (+X%), Mexico (+X%), Austria (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), South Korea (-X%) and Thailand (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Mexico (+X p.p.) and the Netherlands (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and South Korea ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. Germany, Thailand, the Netherlands, Mexico, Austria, Turkey, Vietnam and Eritrea lagged somewhat behind, together comprising a further X Netherlands recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the bovine hide and skin import price in Eritrea amounted to $X per unit, leveling off at the previous year. In general, the bovine hide and skin import price continues to indicate a relatively flat trend pattern. Eritrea import price peaked at $X per unit in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform