Denmark: Cows Skin Market 2025

Cows Skin Market Size in Denmark

In 2021, the Danish cows skin market increased by 41% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a noticeable decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cows Skin Production in Denmark

In value terms, cows skin production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decrease. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Cows Skin Exports

Exports from Denmark

For the third consecutive year, Denmark recorded decline in shipments abroad of raw hides and skins of bovine animals, which decreased by -4.8% to X tons in 2021. In general, exports faced a precipitous curtailment. The growth pace was the most rapid in 2016 when exports increased by 94% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, cows skin exports rose modestly to $X in 2021. Over the period under review, exports saw a dramatic descent. The growth pace was the most rapid in 2016 when exports increased by 73% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo (X tons) was the main destination for cows skin exports from Denmark, with a 42% share of total exports. Moreover, cows skin exports to Togo exceeded the volume sent to the second major destination, Italy (X tons), twofold. Ghana (X tons) ranked third in terms of total exports with a 21% share.

From 2012 to 2021, the average annual growth rate of volume to Togo amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-12.7% per year) and Ghana (+8.1% per year).

In value terms, Iceland ($X), Togo ($X) and Italy ($X) were the largest markets for cows skin exported from Denmark worldwide, with a combined 87% share of total exports.

Iceland, with a CAGR of +861.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average cows skin export price amounted to $X per ton, increasing by 9.2% against the previous year. Overall, the export price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Iceland ($X per ton), while the average price for exports to Ghana ($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 Iceland (+82.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cows Skin Imports

Imports into Denmark

Cows skin imports into Denmark shrank to X kg in 2021, dropping by -14.2% against the previous year's figure. In general, imports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 466% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cows skin imports dropped notably to $X in 2021. Over the period under review, imports faced a significant curtailment. The pace of growth was the most pronounced in 2013 with an increase of 546%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X kg), Canada (X kg) and Spain (X kg) were the main suppliers of cows skin imports to Denmark, with a combined 100% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +25.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of raw hides and skins of bovine animals to Denmark, comprising 86% of total imports. The second position in the ranking was held by Spain ($X), with a 7.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-48.7% per year) and Canada (0.0% per year).

Import Prices by Country

In 2021, the average cows skin import price amounted to $X per ton, waning by -56% against the previous year. Over the period under review, the import price, however, recorded resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 1,234% 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+83.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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