Saudi Arabia: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Saudi Arabia

The Saudi cattle hide and skin market reduced slightly to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, saw a perceptible reduction. Over the period under review, the market attained 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 Saudi Arabia

In value terms, cattle hide and skin production reduced to $X in 2022 estimated in export price. Overall, production enjoyed a measured expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Cattle hide and skin production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

The average yield of raw hides and skins of cattle in Saudi Arabia expanded notably to X kg per head in 2022, increasing by X% against the previous year. In general, the yield indicated buoyant growth from 2012 to 2022: its figure 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, cattle hide and skin yield increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The cattle hide and skin yield peaked in 2022 and is expected to retain growth in the near future.

In 2022, number of animals slaughtered for cattle hide and skin production in Saudi Arabia amounted to X heads, remaining relatively unchanged against the year before. Over the period under review, the number of producing animals, however, continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2013; however, from 2014 to 2022, producing animals remained at a lower figure.

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Exports of Raw Hides And Skins of Cattle

Exports from Saudi Arabia

In 2022, shipments abroad 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. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cattle hide and skin exports totaled $X in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X tons) and Nigeria (X tons) were the main destinations of cattle hide and skin exports from Saudi Arabia.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%).

In value terms, India ($X) and Nigeria ($X) appeared to be the largest markets for cattle hide and skin exported from Saudi Arabia worldwide.

Among the main countries of destination, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Nigeria totaled $X per ton.

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

Imports of Raw Hides And Skins of Cattle

Imports into Saudi Arabia

In 2021, approx. X tons of raw hides and skins of cattle were imported into Saudi Arabia; with a decrease of X% against the previous year's figure. Overall, imports faced a sharp slump. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports plummeted to $X in 2021. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest cattle hide and skin supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, cattle hide and skin imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2017 to 2021, the average annual growth rate of volume from Italy totaled X%.

In value terms, Italy ($X) constituted the largest supplier of raw hides and skins of cattle to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2017 to 2021, the average annual rate of growth in terms of value from Italy totaled X%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, surging by X% against the previous year. In general, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China stood at $X per ton.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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