Angola: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Angola

The Angolan cattle hide and skin market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Angola

In value terms, cattle hide and skin production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2017 with an increase of 112% against the previous year. Cattle hide and skin production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

In 2021, the average cattle hide and skin yield in Angola shrank slightly to X kg per head, remaining relatively unchanged against 2020. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 1.2%. The cattle hide and skin yield peaked at X kg per head in 2020, and then shrank in the following year.

In 2021, approx. X heads of animals slaughtered for cattle hide and skin production in Angola; approximately mirroring the previous year's figure. Overall, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by 3.3% against the previous year. Over the period under review, this number attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of Raw Hides And Skins of Cattle

Exports from Angola

In 2021, approx. X tons of raw hides and skins of cattle were exported from Angola; waning by -26.5% on the previous year's figure. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 361% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, cattle hide and skin exports shrank significantly to $X in 2021. Over the period under review, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2015 when exports increased by 181%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Togo (X tons), Nigeria (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of cattle hide and skin exports from Angola.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the key foreign market for raw hides and skins of cattle exports from Angola, comprising 61% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Togo amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+167.5% per year) and Democratic Republic of the Congo (0.0% per year).

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, increasing by 4.5% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 105% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 Democratic Republic of the Congo ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+60.2%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Angola

Cattle hide and skin imports into Angola surged to X kg in 2021, increasing by 916% against the previous year. In general, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cattle hide and skin imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 691% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Namibia (X kg) constituted the largest cattle hide and skin supplier to Angola, accounting for a 87% share of total imports. Moreover, cattle hide and skin imports from Namibia exceeded the figures recorded by the second-largest supplier, Portugal (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Namibia totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+2.8% per year) and China (-47.3% per year).

In value terms, Portugal ($X) constituted the largest supplier of raw hides and skins of cattle to Angola, comprising 64% of total imports. The second position in the ranking was held by Namibia ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (-14.5% per year) and China (-42.6% per year).

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, reducing by -43.3% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 163% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+34.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :