Canada: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Canada

In 2021, the Canadian cattle hide and skin market decreased by -13.8% to $X, falling for the fifth consecutive year after five years of growth. Overall, consumption recorded a sharp curtailment. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Canada

In value terms, cattle hide and skin production soared to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2015 with an increase of 93%. Cattle hide and skin production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

In 2021, the average cattle hide and skin yield in Canada surged to X kg per head, picking up by 15% against the year before. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 46% against the previous year. Over the period under review, the average cattle hide and skin yield hit record highs at X kg per head in 2014; however, from 2015 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for cattle hide and skin production in Canada shrank to X heads, which is down by -6.2% against 2020. In general, the number of producing animals recorded a mild slump. The most prominent rate of growth was recorded in 2017 when the number of producing animals increased by 6.6% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Canada

In 2021, the amount of raw hides and skins of cattle exported from Canada expanded remarkably to X tons, surging by 8.5% on 2020 figures. Overall, exports, however, saw a slight decrease. The pace of growth was the most pronounced in 2017 when exports increased by 217% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, cattle hide and skin exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for cattle hide and skin exports from Canada, with a 61% share of total exports. Moreover, cattle hide and skin exports to China exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. The third position in this ranking was held by South Korea (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.0% per year) and South Korea (+8.1% per year).

In value terms, China ($X) remains the key foreign market for raw hides and skins of cattle exports from Canada, comprising 61% of total exports. The second position in the ranking was taken by South Korea ($X), with a 9% share of total exports. It was followed by the United States, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to China totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.7% per year) and the United States (-10.8% per year).

Export Prices by Country

In 2021, the average cattle hide and skin export price amounted to $X per ton, increasing by 55% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 103%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Mexico ($X per ton), while the average price for exports to the United States ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-3.1%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Canada

In 2021, overseas purchases of raw hides and skins of cattle increased by 25% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 35%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cattle hide and skin imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt curtailment. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of cattle hide and skin to Canada, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -13.4%.

In value terms, the United States ($X) constituted the largest supplier of raw hides and skins of cattle to Canada.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -17.1%.

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, growing by 54% against the previous year. In general, the import price, however, showed a pronounced slump. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.3% per year.

Source: IndexBox Platform

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