Asia-Pacific: Cows Skin Market 2025

Cows Skin Market Size in Asia-Pacific

In 2021, the Asia-Pacific cows skin market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Cows Skin Production in Asia-Pacific

In value terms, cows skin production expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

China (X tons) remains the largest cows skin producing country in Asia-Pacific, comprising approx. 40% of total volume. Moreover, cows skin production in China exceeded the figures recorded by the second-largest producer, India (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in China totaled +6.2%. The remaining producing countries recorded the following average annual rates of production growth: India (+5.2% per year) and Indonesia (+6.2% per year).

Cows Skin Exports

Exports in Asia-Pacific

In 2021, overseas shipments of raw hides and skins of bovine animals decreased by -1.9% to X tons, falling for the fourth year in a row after six years of growth. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -31.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cows skin exports amounted to $X in 2021. In general, exports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 53% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) were the main exporters of raw hides and skins of bovine animals in 2021, recording approx. 39% and 27% of total exports, respectively. Australia (X tons) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Japan (11%). Thailand (X tons) and Vietnam (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +26.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Australia ($X) were the countries with the highest levels of exports in 2021, together comprising 81% of total exports. These countries were followed by Japan, Thailand and Vietnam, which together accounted for a further 16%.

In terms of the main exporting countries, Vietnam, with a CAGR of +18.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 3.2% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 13%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.9%), while the other leaders experienced a decline in the export price figures.

Cows Skin Imports

Imports in Asia-Pacific

In 2021, overseas purchases of raw hides and skins of bovine animals increased by 19% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2017 with an increase of 30% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, cows skin imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by 32% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan (X tons) and Indonesia (X tons) were the major importers of raw hides and skins of bovine animals in 2021, amounting to approx. 29% and 25% of total imports, respectively. Thailand (X tons) ranks next in terms of the total imports with a 12% share, followed by China (9.8%), India (7.9%), Cambodia (7.3%) and Australia (5.3%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 67% of total imports.

Indonesia, with a CAGR of +29.0%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 7.5% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 13%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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