Bangladesh: Cows Skin Market 2025

Cows Skin Market Size in Bangladesh

The Bangladeshi cows skin market rose notably to $X in 2021, with an increase of 5.4% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Cows Skin Production in Bangladesh

In value terms, cows skin production rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Cows Skin Exports

Exports from Bangladesh

For the fourth year in a row, Bangladesh recorded decline in shipments abroad of raw hides and skins of bovine animals, which decreased by -3.3% to X tons in 2021. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2017 when exports increased by 387%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cows skin exports rose markedly to $X in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 834%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

India (X tons) was the main destination for cows skin exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +23.8%.

In value terms, India ($X) also remains the key foreign market for raw hides and skins of bovine animals exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +29.3%.

Export Prices by Country

In 2021, the average cows skin export price amounted to $X per ton, picking up by 16% against the previous year. Over the period under review, the export price enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2017 an increase of 92%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +4.5% per year.

Cows Skin Imports

Imports into Bangladesh

In 2021, overseas purchases of raw hides and skins of bovine animals decreased by -28.1% to X tons, falling for the second consecutive year after six years of growth. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 519%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cows skin imports declined markedly to $X in 2021. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 887% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Australia (X tons) were the main suppliers of cows skin imports to Bangladesh, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +58.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cows skin suppliers to Bangladesh were Italy ($X), Germany ($X) and the United States ($X), together comprising 68% of total imports.

Among the main suppliers, Italy, with a CAGR of +39.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cows skin import price stood at $X per ton in 2021, increasing by 9.5% against the previous year. Overall, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+35.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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