Eastern Asia: Market for Raw Hides And Skins of Cattle 2025

Market Size for Raw Hides And Skins of Cattle in Eastern Asia

The East Asian cattle hide and skin market expanded modestly to $X in 2021, with an increase of 2.8% against the previous year. In general, consumption showed a slight reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Eastern 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 mild reduction. The pace of growth was the most pronounced in 2015 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

China (X tons) remains the largest cattle hide and skin producing country in Eastern Asia, comprising approx. 96% of total volume. It was followed by South Korea (X tons), with a 2% share of total production.

From 2012 to 2021, the average annual rate of growth in terms of volume in China amounted to +2.4%.

The average cattle hide and skin yield totaled X kg per head in 2021, with an increase of 2.2% compared with 2020 figures. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by 3.1% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2020 to 2021, the growth of the cattle hide and skin yield remained at a somewhat lower figure.

In 2021, the number of animals slaughtered for cattle hide and skin production in Eastern Asia totaled X heads, remaining stable against the previous year's figure. 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 recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 9.6%. Over the period under review, this number hit record highs in 2021 and is likely to see steady growth in years to come.

Exports of Raw Hides And Skins of Cattle

Exports in Eastern Asia

After three years of decline, shipments abroad of raw hides and skins of cattle increased by 52% to X tons in 2021. Over the period under review, exports, however, saw a drastic downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cattle hide and skin exports surged to $X in 2021. Overall, exports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 30%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of raw hides and skins of cattle, namely Japan, China and South Korea, represented more than two-thirds of total export. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +37.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together comprising 94% of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of +14.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, waning by -17.3% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the export price increased by 27%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.9%), while the other leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports in Eastern Asia

In 2021, supplies from abroad of raw hides and skins of cattle decreased by -3.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports saw a mild contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports soared to $X in 2021. Overall, imports showed a abrupt descent. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China dominates imports structure, recording X tons, which was near 87% of total imports in 2021. It was distantly followed by South Korea (X tons), making up an 8.7% share of total imports. Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of imports of raw hides and skins of cattle. At the same time, Japan (+1.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +1.1% from 2012-2021. By contrast, South Korea (-5.2%) illustrated a downward trend over the same period. While the share of China (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-3.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported raw hides and skins of cattle in Eastern Asia, comprising 86% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value in China stood at -6.9%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-12.6% per year) and Japan (-9.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 52% against the previous year. In general, the import price, however, showed a deep contraction. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-7.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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