U.S.: Overview of the Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in the U.S.

The revenue of the bovine hide and skin market in the U.S. amounted to $X in 2018, surging by X% against the previous year. Over the period under review, bovine hide and skin consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Bovine hide and skin consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Production of Raw Hides And Skins Of Cattle in the U.S.

In value terms, bovine hide and skin production stood at $X in 2018. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Bovine hide and skin production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Exports of Raw Hides And Skins Of Cattle

Exports from the U.S.

Bovine hide and skin exports from the U.S. amounted to X units in 2018, going down by -X% against the previous year. In general, bovine hide and skin exports continue to indicate a drastic curtailment. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, bovine hide and skin exports reached their peak figure at X units in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, bovine hide and skin exports totaled $X in 2018. In general, bovine hide and skin exports continue to indicate a moderate drop. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, bovine hide and skin exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for bovine hide and skin exports from the U.S., accounting for a X% share of total exports. Moreover, bovine hide and skin exports to China exceeded the volume sent to the second major destination, South Korea (X units), fourfold. The third position in this ranking was occupied by Mexico (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-X% per year) and Mexico (+X% per year).

In value terms, China ($X) remains the key foreign market for bovine hide and skin exports from the U.S., comprising X% of total bovine hide and skin exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-X% per year) and Mexico (+X% per year).

Export Prices by Country

The average bovine hide and skin export price stood at $X per unit in 2018, coming down by -X% against the previous year. Overall, the export price indicated mild growth from 2007 to 2018: its price 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 2018 figures, bovine hide and skin export price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Taiwan, Chinese ($X per unit), while the average price for exports to China, Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan, Chinese, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Hides And Skins Of Cattle

Imports into the U.S.

Bovine hide and skin imports into the U.S. stood at X units in 2018, waning by -X% against the previous year. In general, bovine hide and skin imports continue to indicate a deep decline. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, bovine hide and skin imports amounted to $X in 2018. Over the period under review, bovine hide and skin imports continue to indicate a drastic descent. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Canada (X units) constituted the largest bovine hide and skin supplier to the U.S., with a X% share of total imports. Moreover, bovine hide and skin imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. Brazil (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Canada stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Brazil (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of bovine hide and skin to the U.S., comprising X% of total bovine hide and skin imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Canada totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Brazil (+X% per year).

Import Prices by Country

The average bovine hide and skin import price stood at $X per unit in 2018, reducing by -X% against the previous year. Overall, the bovine hide and skin import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. In that year, the average import prices for raw hides and skins of cattle reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the average import prices for raw hides and skins of cattle remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per unit), while the price for Belgium ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform