Kuwait: Overview of the Market for Raw Hides And Skins of Cattle 2021

Market Size for Raw Hides And Skins of Cattle in Kuwait

The Kuwaiti cattle hide and skin market declined notably to $X in 2018, which is down by -X% against the previous year. Over the period under review, consumption continues to indicate a precipitous decrease. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Production of Raw Hides And Skins of Cattle in Kuwait

In value terms, cattle hide and skin production surged to $X in 2019 estimated in export prices. Over the period under review, production, however, saw a buoyant expansion. The growth pace was the most rapid in 2010 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

The average yield of raw hides and skins of cattle in Kuwait contracted remarkably to X kg per head in 2019, reducing by -X% on the previous year's figure. Overall, the yield, however, saw a tangible increase. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, the yield attained the peak level of X kg per head. From 2016 to 2019, the growth of the average cattle hide and skin yield remained at a lower figure.

In 2019, number of animals slaughtered for cattle hide and skin production in Kuwait rose slightly to X heads, increasing by X% on the previous year. This number increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2010; however, from 2011 to 2019, producing animals remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Kuwait

In 2019, overseas shipments of raw hides and skins of cattle increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2019 and are likely to see gradual growth in the immediate term.

In value terms, cattle hide and skin exports reduced to $X in 2019. Over the period under review, exports continue to indicate resilient growth. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2018, and then dropped in the following year.

Exports by Country

India (X tonnes) was the main destination for cattle hide and skin exports from Kuwait, with a X% share of total exports. Moreover, cattle hide and skin exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X tonnes), sixfold.

From 2007 to 2019, the average annual growth rate of volume to India amounted to +X%.

In value terms, India ($X) emerged as the key foreign market for cattle hide and skin exports from Kuwait, comprising X% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to India totaled +X%.

Export Prices by Country

The average cattle hide and skin export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the export price saw a deep slump. The growth pace was the most rapid in 2010 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to India totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to India.

Imports of Raw Hides And Skins of Cattle

Imports into Kuwait

After two years of growth, purchases abroad of raw hides and skins of cattle decreased by -X% to X tonnes in 2019. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports failed to regain the momentum.

In value terms, cattle hide and skin imports skyrocketed to $X in 2019. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of cattle hide and skin to Kuwait, accounting for a X% share of total imports. It was followed by Italy (X kg), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from the U.S. totaled -X%.

In value terms, the U.S. ($X) constituted the largest supplier of cattle hide and skin to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. stood at -X%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per tonne in 2019, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt shrinkage. Over the period under review, average import prices reached the peak figure at $X per tonne in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for the U.S. amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw hides and skins of cattle in the world?

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The country with the largest volume of cattle hide and skin consumption was China (2.4M tonnes), accounting for 25% of total volume. Moreover, cattle hide and skin consumption in China exceeded the figures recorded by the second-largest consumer, Brazil (1M tonnes), twofold. India (565K tonnes) ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of raw hides and skins of cattle in the world?

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The countries with the highest volumes of cattle hide and skin production in 2019 were China (1.5M tonnes), the U.S. (1.1M tonnes) and Brazil (996K tonnes), together accounting for 38% of global production. India, Argentina, Pakistan, Australia, Mexico and Russia lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of raw hides and skins of cattle to Kuwait?

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In value terms, the U.S. ($3.8K) constituted the largest supplier of cattle hide and skin to Kuwait, comprising 53% of total imports. The second position in the ranking was occupied by Italy ($1.6K), with a 22% share of total imports.

What are the leading importers of raw hides and skins of cattle from Kuwait?

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In value terms, India ($137K) emerged as the key foreign market for cattle hide and skin exports from Kuwait, comprising 83% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($27K), with a 17% share of total exports.

What is the average export price for raw hides and skins of cattle in Kuwait?

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In 2019, the average cattle hide and skin export price amounted to $444 per tonne, reducing by -21.2% against the previous year.

What is the average import price for raw hides and skins of cattle in Kuwait?

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The average cattle hide and skin import price stood at $4,425 per tonne in 2019, picking up by 65% against the previous year.