Myanmar: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Myanmar

After three years of growth, the Myanmar's cattle hide and skin market decreased by X% to $X in 2022. Overall, consumption recorded a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Myanmar

In value terms, cattle hide and skin production reached $X in 2022 estimated in export price. Over the period under review, production saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average cattle hide and skin yield in Myanmar contracted notably to X kg per head, shrinking by X% compared with the year before. In general, the yield continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The cattle hide and skin yield peaked at X kg per head in 2016; however, from 2017 to 2022, the yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for cattle hide and skin production in Myanmar; picking up by X% compared with the year before. Over the period under review, the number of producing animals, however, showed a slight descent. Over the period under review, this number reached the maximum level at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

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Exports of Raw Hides And Skins of Cattle

Exports from Myanmar

In 2022, shipments abroad of raw hides and skins of cattle was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cattle hide and skin exports skyrocketed to $X in 2022. Overall, exports, however, showed a precipitous setback. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for cattle hide and skin exports from Myanmar, with a X% share of total exports. Moreover, cattle hide and skin exports to India exceeded the volume sent to the second major destination, Thailand (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%.

In value terms, India ($X) emerged as the key foreign market for raw hides and skins of cattle exports from Myanmar, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled X%.

Export Prices by Country

In 2022, the average cattle hide and skin export price amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Thailand totaled $X per ton.

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

Imports of Raw Hides And Skins of Cattle

Imports into Myanmar

In 2022, cattle hide and skin imports into Myanmar surged to X tons, with an increase of X% on the year before. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cattle hide and skin imports skyrocketed to $X in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of cattle hide and skin imports to Myanmar, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and India ($X) appeared to be the largest cattle hide and skin suppliers to Myanmar.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cattle hide and skin import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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