Asia-Pacific: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Asia-Pacific

In 2021, the Asia-Pacific cattle hide and skin market increased by 6.2% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a noticeable decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Asia-Pacific

In value terms, cattle hide and skin production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 14%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were China (X tons), India (X tons) and Pakistan (X tons), with a combined 83% share of total production. Australia, New Zealand and Vietnam lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Vietnam (with a CAGR of +5.7%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average cattle hide and skin yield in Asia-Pacific amounted to X kg per head, remaining constant against the year before. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 1.9% against the previous year. Over the period under review, the cattle hide and skin yield attained the peak level at X kg per head in 2012; however, from 2013 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for cattle hide and skin production in Asia-Pacific totaled X heads, increasing by 1.6% against 2020 figures. This number increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by 4.7%. Over the period under review, this number hit record highs in 2021 and is likely to see gradual growth in years to come.

Exports of Raw Hides And Skins of Cattle

Exports in Asia-Pacific

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 5.1% to X tons. Overall, exports, however, saw a perceptible contraction. The growth pace was the most rapid in 2014 with an increase of 9.9%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, cattle hide and skin exports surged to $X in 2021. In general, exports, however, saw a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the main exporting country with an export of about X tons, which amounted to 55% of total exports. New Zealand (X tons) ranks second in terms of the total exports with a 15% share, followed by Japan (7.8%), China (7%) and South Korea (5.3%). The following exporters - Vietnam (X tons) and Afghanistan (X tons) - together made up 5.2% of total exports.

From 2012 to 2021, average annual rates of growth with regard to cattle hide and skin exports from Australia stood at -5.8%. At the same time, South Korea (+37.0%), Vietnam (+13.3%), China (+7.8%), New Zealand (+4.4%) and Japan (+3.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +37.0% from 2012-2021. By contrast, Afghanistan (-5.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand, South Korea, China, Japan and Vietnam increased by +8.8, +5.1, +4.7, +4 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest cattle hide and skin supplier in Asia-Pacific, comprising 62% of total exports. The second position in the ranking was held by New Zealand ($X), with a 22% share of total exports. It was followed by Japan, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled -9.4%. In the other countries, the average annual rates were as follows: New Zealand (-4.5% per year) and Japan (-8.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 27% against the previous year. In general, the export price, however, continues to indicate a noticeable decline. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+9.4%), while the other leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports in Asia-Pacific

In 2021, cattle hide and skin imports in Asia-Pacific fell slightly to X tons, dropping by -1.7% against 2020. In general, imports saw a slight setback. The growth pace was the most rapid in 2020 with an increase of 7.5% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports soared to $X in 2021. Overall, imports continue to indicate a deep contraction. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China prevails in imports structure, amounting to X tons, which was near 79% of total imports in 2021. South Korea (X tons) ranks second in terms of the total imports with a 7.9% share, followed by Thailand (4.9%). The following importers - Japan (X tons) and Indonesia (X tons) - each accounted for a 4.6% share 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, Indonesia (+10.0%) and Japan (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +10.0% from 2012-2021. By contrast, Thailand (-2.6%) and South Korea (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported raw hides and skins of cattle in Asia-Pacific, comprising 79% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.8% share of total imports. It was followed by Thailand, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to -6.9%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-12.6% per year) and Thailand (-9.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 48% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The level of import peaked at $X per ton in 2014; however, from 2015 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 South Korea ($X per ton), while Indonesia ($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 (+4.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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