Asia: Market for Raw Hides And Skins of Cattle 2025

Market Size for Raw Hides And Skins of Cattle in Asia

After three years of decline, the Asian cattle hide and skin market increased by 6.3% to $X in 2021. In general, consumption, however, continues to indicate a noticeable slump. The level of consumption peaked 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

In value terms, cattle hide and skin production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible shrinkage. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The countries with the highest volumes of production in 2021 were China (X tons), India (X tons) and Pakistan (X tons), with a combined 77% share of total production. These countries were followed by Turkey, Uzbekistan, Kazakhstan and Vietnam, which together accounted for a further 9.6%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +7.1%), while production for the other leaders experienced more modest paces of growth.

The average cattle hide and skin yield amounted to X kg per head in 2021, with an increase of 1.7% against the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 2.2%. Over the period under review, the cattle hide and skin yield reached the maximum level in 2021 and is likely to see steady growth in the near future.

The global number of animals slaughtered for cattle hide and skin production rose modestly to X heads in 2021, increasing by 3% on 2020 figures. This number increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 with an increase of 4.1%. The level of producing animals peaked in 2021 and is expected to retain growth in years to come.

Exports of Raw Hides And Skins of Cattle

Exports in Asia

After three years of decline, overseas shipments of raw hides and skins of cattle increased by 57% to X tons in 2021. Overall, exports, however, saw a pronounced setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports soared to $X in 2021. Over the period under review, exports, however, recorded a drastic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Iraq (X tons), Japan (X tons), China (X tons), South Korea (X tons), Turkmenistan (X tons), Lebanon (X tons), Vietnam (X tons), Israel (X tons), Afghanistan (X tons), Saudi Arabia (X tons), Kyrgyzstan (X tons) and Kazakhstan (X tons) represented roughly 81% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +78.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin supplying countries in Asia were Iraq ($X), Japan ($X) and China ($X), with a combined 43% share of total exports. Israel, Turkmenistan, Saudi Arabia, South Korea, Afghanistan, Vietnam, Lebanon, Kazakhstan and Kyrgyzstan lagged somewhat behind, together comprising a further 37%.

Saudi Arabia, with a CAGR of +77.9%, saw the highest growth rate of the value of exports, among the main exporting countries 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 amounted to $X per ton, falling by -4.9% against the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 19%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Kyrgyzstan ($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 mixed trends in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports in Asia

In 2021, approx. X tons of raw hides and skins of cattle were imported in Asia; declining by -1.5% compared with 2020 figures. Overall, imports saw a mild slump. The most prominent rate of growth was recorded in 2020 when imports increased by 9%. The volume of import peaked at X tons in 2013; however, from 2014 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 showed a abrupt descent. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, accounting for X tons, which was approx. 75% of total imports in 2021. South Korea (X tons) ranks second in terms of the total imports with a 7.4% share, followed by Turkey (5.5%) and Thailand (4.6%). The following importers - Japan (X tons) and Indonesia (X tons) - each finished at a 4.4% 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%), Turkey (+7.1%) and Japan (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, 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. China (+11 p.p.) and Turkey (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by -3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported raw hides and skins of cattle in Asia, comprising 77% of total imports. The second position in the ranking was taken by South Korea ($X), with an 8.6% share of total imports. It was followed by Thailand, with a 4.2% share.

In China, cattle hide and skin imports decreased by an average annual rate of -6.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-12.6% per year) and Thailand (-9.8% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, jumping by 46% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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