Japan: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Japan

In 2022, the Japanese cattle hide and skin market was finally on the rise to reach $X after seven years of decline. Over the period under review, consumption, however, recorded a deep slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Japan

In value terms, cattle hide and skin production fell to $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of raw hides and skins of cattle in Japan totaled X kg per head in 2022, almost unchanged from 2021. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. Over the period under review, the average cattle hide and skin yield reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

In 2022, the number of animals slaughtered for cattle hide and skin production in Japan contracted to X heads, remaining relatively unchanged against 2021. Overall, the number of producing animals continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the maximum level at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Japan

Cattle hide and skin exports from Japan reduced markedly to X tons in 2022, waning by X% on 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, cattle hide and skin exports fell dramatically to $X in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for cattle hide and skin exports from Japan, accounting for a X% share of total exports. Moreover, cattle hide and skin exports to Thailand exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and South Korea (X% per year).

In value terms, Thailand ($X), South Korea ($X) and Vietnam ($X) were the largest markets for cattle hide and skin exported from Japan worldwide, together accounting for X% of total exports.

Among the main countries of destination, Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a deep downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and South Korea ($X per ton), while the average price for exports to Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Japan

In 2022, the amount of raw hides and skins of cattle imported into Japan expanded remarkably to X tons, growing by X% on the year before. The total import volume 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 in certain years. The growth pace was the most rapid in 2019 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, cattle hide and skin imports surged to $X in 2022. Overall, imports, however, saw a abrupt downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Canada (X tons) and China (X tons) were the main suppliers of cattle hide and skin imports to Japan, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), the United States ($X) and China ($X) constituted the largest cattle hide and skin suppliers to Japan, together accounting for X% of total imports. South Korea, Italy, the Netherlands, Australia and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average cattle hide and skin import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a abrupt descent. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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