Trinidad and Tobago: Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in Trinidad and Tobago

The revenue of the bovine hide and skin market in Trinidad and Tobago amounted to $X in 2018, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, bovine hide and skin consumption continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. In that year, the bovine hide and skin market attained its peak level of $X. From 2012 to 2018, the growth of the bovine hide and skin market remained at a somewhat lower figure.

Exports of Raw Hides And Skins Of Cattle

Exports by Country

The U.S. represented the largest exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Australia (X units), Germany (X units) and France (X units), together creating a X% share of total exports. The Netherlands (X units), Canada (X units), Italy (X units), the UK (X units), Austria (X units), Spain (X units), Ireland (X units) and Belgium (X units) followed a long way behind the leaders.

Exports from the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the UK (+X%), Belgium (+X%), Austria (+X%), Germany (+X%), Spain (+X%), Ireland (+X%), Australia (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-X%) and Canada (-X%) illustrated a downward trend over the same period. The UK (+X p.p.) significantly strengthened its position in terms of the global exports, while France, Canada and the U.S. saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest bovine hide and skin supplier from Trinidad and Tobago, comprising X% of global exports. The second position in the ranking was occupied by France ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

In the U.S., bovine hide and skin exports decreased by an average annual rate of -X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: France (-X% per year) and Australia (-X% per year).

Export Prices by Country

The bovine hide and skin export price in Trinidad and Tobago stood at $X per unit in 2018, remaining constant against the previous year. Overall, the bovine hide and skin export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for raw hides and skins of cattle reached their peak figure at $X per unit in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Imports of Raw Hides And Skins Of Cattle

Imports into Trinidad and Tobago

In 2018, approx. X units of raw hides and skins of cattle were imported into Trinidad and Tobago; falling by -X% against the previous year. In general, bovine hide and skin imports continue to indicate a drastic reduction. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Trinidad and Tobago imports peaked at X units in 2011; however, from 2012 to 2018, imports remained at a lower figure.

In value terms, bovine hide and skin imports amounted to $X in 2018. In general, bovine hide and skin imports continue to indicate a sharp deduction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. In that year, bovine hide and skin imports reached their peak of $X. From 2011 to 2018, the growth of bovine hide and skin imports remained at a lower figure.

Imports by Country

In 2018, China (X units) was the key importer of raw hides and skins of cattle, generating X% of total imports. Italy (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%) and Mexico (X%). Germany (X units), the Netherlands (X units), Austria (X units), Thailand (X units), Vietnam (X units) and Turkey (X units) held a relatively small share of total imports.

From 2007 to 2018, average annual rates of growth with regard to bovine hide and skin imports into China stood at +X%. At the same time, Vietnam (+X%), the Netherlands (+X%), Mexico (+X%), Austria (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), South Korea (-X%) and Thailand (-X%) illustrated a downward trend over the same period. China (+X p.p.), Mexico (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while Italy saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bovine hide and skin importing markets into Trinidad and Tobago were China ($X), Italy ($X) and South Korea ($X), together accounting for X% of total imports. These countries were followed by Germany, Thailand, the Netherlands, Mexico, Austria, Turkey, Vietnam and Trinidad and Tobago, which together accounted for a further X Netherlands experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the bovine hide and skin import price in Trinidad and Tobago amounted to $X per unit, falling by -X% against the previous year. Overall, the bovine hide and skin import price continues to indicate a deep decline. The pace of growth was the most pronounced in 2010 an increase of X% year-to-year. In that year, the import prices for raw hides and skins of cattle attained their peak level of $X per unit. From 2011 to 2018, the growth in terms of the import prices for raw hides and skins of cattle failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform