Serbia: Cows Skin Market 2024

Cows Skin Market Size in Serbia

The Serbian cows skin market stood at $X in 2023, flattening at the previous year. Over the period under review, consumption recorded prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Cows Skin Production in Serbia

In value terms, cows skin production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Cows skin production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Cows Skin Exports

Exports from Serbia

In 2023, after three years of decline, there was significant growth in shipments abroad of raw hides and skins of bovine animals, when their volume increased by X% to X tons. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, cows skin exports soared to $X in 2023. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Slovenia (X tons) and Austria (X tons) were the main destinations of cows skin exports from Serbia, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) remains the key foreign market for raw hides and skins of bovine animals exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2023, the average cows skin export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cows Skin Imports

Imports into Serbia

After three years of growth, overseas purchases of raw hides and skins of bovine animals decreased by X% to X tons in 2023. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell in the following year.

In value terms, cows skin imports rose to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Slovakia (X tons) and Austria (X tons) were the main suppliers of cows skin imports to Serbia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovakia ($X) and Austria ($X) appeared to be the largest cows skin suppliers to Serbia, together accounting for X% of total imports.

Italy, with a CAGR of X%, recorded 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

The average cows skin import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform