Bulgaria: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Bulgaria

The Bulgarian 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, recorded a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Bulgaria

In value terms, cattle hide and skin production soared to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt shrinkage. Cattle hide and skin production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

In 2021, the average cattle hide and skin yield in Bulgaria expanded notably to X kg per head, surging by 7.2% on the previous year. Over the period under review, the yield, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2019 when the yield increased by 27% against the previous year. The cattle hide and skin yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield remained at a lower figure.

The number of animals slaughtered for cattle hide and skin production in Bulgaria totaled X heads in 2021, picking up by 10% compared with 2020 figures. Overall, the number of producing animals, however, recorded a mild decrease. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2021, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Bulgaria

In 2021, approx. X tons of raw hides and skins of cattle were exported from Bulgaria; picking up by 15% compared with the previous year. Over the period under review, exports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2019 when exports increased by 42% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports surged to $X in 2021. Overall, exports, however, saw a deep reduction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Serbia (X tons) and Turkey (X tons) were the main destinations of cattle hide and skin exports from Bulgaria, with a combined 60% share of total exports. These countries were followed by Bosnia and Herzegovina, India, Ukraine, Albania and the Netherlands, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +53.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cattle hide and skin exported from Bulgaria were Italy ($X), Serbia ($X) and India ($X), together accounting for 59% of total exports. Bosnia and Herzegovina, Ukraine, Turkey, Albania and the Netherlands lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Ukraine, with a CAGR of +84.8%, recorded the highest growth rate of 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

The average cattle hide and skin export price stood at $X per ton in 2021, surging by 40% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Turkey ($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 Ukraine (+20.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Hides And Skins of Cattle

Imports into Bulgaria

Cattle hide and skin imports into Bulgaria shrank markedly to X tons in 2021, which is down by -83.2% against the previous year. In general, imports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2016 with an increase of 453%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, cattle hide and skin imports shrank rapidly to $X in 2021. Over the period under review, imports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2016 when imports increased by 350% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Bosnia and Herzegovina (X tons) and Serbia (X tons) were the main suppliers of cattle hide and skin imports to Bulgaria.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of -2.9%).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of raw hides and skins of cattle to Bulgaria, comprising 76% of total imports. The second position in the ranking was held by Serbia ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled -1.2%.

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, which is down by -17.7% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 59%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 Bosnia and Herzegovina ($X per ton), while the price for Serbia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+70.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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