Overview of the Global Market for Raw Hides And Skins of Cattle

Market Size for Raw Hides And Skins of Cattle

In 2021, the global cattle hide and skin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a slight contraction. Over the period under review, the global market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle

In value terms, cattle hide and skin production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt slump. Global production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were China (X tons), the United States (X tons) and Brazil (X tons), together accounting for 39% of global production. These countries were followed by India, Argentina, Pakistan, Australia, Mexico, Canada and Russia, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Pakistan (with a CAGR of +4.0%), while production for the other global leaders experienced more modest paces of growth.

The global average cattle hide and skin yield shrank to X kg per head in 2021, remaining stable against the previous year's figure. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by 4.2%. Over the period under review, the average cattle hide and skin yield reached the maximum level at X kg per head in 2020, and then dropped in the following year.

In 2021, global number of animals slaughtered for cattle hide and skin production was estimated at X heads, remaining stable against 2020 figures. Over the period under review, the number of producing animals showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the number of producing animals increased by 1.8% against the previous year. The global producing animals peaked at X heads in 2019; however, from 2020 to 2021, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports

In 2021, after three years of decline, there was significant growth in overseas shipments of raw hides and skins of cattle, when their volume increased by 18% to X tons. Overall, exports, however, continue to indicate a noticeable decrease. The global exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cattle hide and skin exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep slump. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Germany (X tons), Italy (X tons), France (X tons), Canada (X tons), Australia (X tons), Argentina (X tons), the Netherlands (X tons), the UK (X tons), Austria (X tons), Spain (X tons), Ireland (X tons) and Poland (X tons) represented the major exporter of raw hides and skins of cattle in the world, mixing up 64% of total export. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +46.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 19% share of global exports. These countries were followed by Canada, Australia, Spain, Italy, New Zealand, the UK, Poland, Ireland, Austria and Argentina, which together accounted for a further 32%.

Argentina, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, rising by 32% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.7%), while the other global leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports

In 2021, supplies from abroad of raw hides and skins of cattle increased by 10% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. Over the period under review, global imports reached the peak figure at X tons in 2013; afterwards, it flattened through to 2021.

In value terms, cattle hide and skin imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep setback. Global imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) represented the largest importer of raw hides and skins of cattle, generating 38% of total imports. It was distantly followed by Italy (X tons) and Mexico (X tons), together creating a 22% share of total imports. The following importers - South Korea (X tons), Vietnam (X tons), Germany (X tons), Turkey (X tons), Austria (X tons), the Netherlands (X tons), Thailand (X tons), Nigeria (X tons) and Brazil (X tons) - together made up 24% of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of raw hides and skins of cattle. At the same time, Brazil (+49.0%), Nigeria (+26.9%), Turkey (+7.1%), Mexico (+4.5%) and Vietnam (+2.7%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +49.0% from 2012-2021. Italy and the Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-1.6%), Austria (-2.4%), Thailand (-2.6%) and South Korea (-5.2%) illustrated a downward trend over the same period. While the share of Nigeria (+1.8 p.p.), Brazil (+1.7 p.p.) and Mexico (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of South Korea (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together comprising 63% of global imports. These countries were followed by South Korea, Mexico, Germany, Austria, the Netherlands, Thailand, Nigeria, Brazil and Turkey, which together accounted for a further 21%.

Brazil, with a CAGR of +48.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, surging by 32% against the previous year. In general, the import price, however, showed a deep reduction. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.6%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :