GCC: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in GCC

In 2022, the GCC cattle hide and skin market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a pronounced shrinkage. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in GCC

In value terms, cattle hide and skin production dropped slightly to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

From 2012 to 2022, the average annual growth rate of volume in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and the United Arab Emirates (X% per year).

The average cattle hide and skin yield stood at X kg per head in 2022, growing by X% compared with the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of yield peaked in 2022 and is likely to continue growth in years to come.

In 2022, number of animals slaughtered for cattle hide and skin production in GCC reduced slightly to X heads, approximately mirroring the previous year's figure. In general, the number of producing animals recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the number of animals produced attained the peak level of X heads. From 2014 to 2022, the growth of this number remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports in GCC

In 2022, overseas shipments of raw hides and skins of cattle increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cattle hide and skin exports rose rapidly to $X in 2022. Over the period under review, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Saudi Arabia was the key exporter of raw hides and skins of cattle in GCC, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Oman (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%). Kuwait (X tons) followed a long way behind the leaders.

Saudi Arabia was also the fastest-growing in terms of the raw hides and skins of cattle exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and Oman (X%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Oman and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest cattle hide and skin supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

In Saudi Arabia, cattle hide and skin exports increased at an average annual rate of X% over the period from 2012-2022. 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 2022, the export price in GCC amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2014 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 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while Kuwait ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, 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.

Imports of Raw Hides And Skins of Cattle

Imports in GCC

In 2022, the amount of raw hides and skins of cattle imported in GCC skyrocketed to X tons, jumping by X% against the previous year's figure. In general, imports, however, recorded a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports fell notably to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Oman (X tons), creating a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the raw hides and skins of cattle imports, with a CAGR of X% from 2012 to 2022. Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, cattle hide and skin imports shrank by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%).

Source: IndexBox Platform

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