GCC: Cows Skin Market 2024

Cows Skin Market Size in GCC

The GCC cows skin market rose remarkably to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, recorded a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Cows Skin Production in GCC

In value terms, cows skin production expanded significantly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

The country with the largest volume of cows skin production was Saudi Arabia (X tons), comprising approx. X% of total volume. Moreover, cows skin production in Saudi Arabia exceeded the figures recorded by the second-largest producer, the United Arab Emirates (X tons), sixfold. Oman (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in Saudi Arabia stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Cows Skin Exports

Exports in GCC

In 2023, approx. X tons of raw hides and skins of bovine animals were exported in GCC; leveling off at the previous year. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons; afterwards, it flattened through to 2023.

In value terms, cows skin exports shrank to $X in 2023. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Saudi Arabia (X tons) represented the main exporter of raw hides and skins of bovine animals, committing X% of total exports. Oman (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held approx. X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the raw hides and skins of bovine animals exports, with a CAGR of X% from 2012 to 2023. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. From 2012 to 2023, the share of Saudi Arabia increased by X percentage points.

In value terms, Saudi Arabia ($X) remains the largest cows skin supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In Saudi Arabia, cows skin exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Oman (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, waning by X% against the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the export price figures.

Cows Skin Imports

Imports in GCC

In 2023, purchases abroad of raw hides and skins of bovine animals decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2022, and then contracted remarkably in the following year.

In value terms, cows skin imports expanded remarkably to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Oman (X tons), comprising a X% share of total imports. Saudi Arabia (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the raw hides and skins of bovine animals imports, with a CAGR of X% from 2012 to 2023. Oman (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates and Saudi Arabia increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported raw hides and skins of bovine animals in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform