Hong Kong SAR, China: Cows Skin Market 2025

Cows Skin Market Size in Hong Kong SAR, China

In 2021, the Hong Kong cows skin market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.2% against 2018 indices. Cows skin consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Cows Skin Production in Hong Kong SAR, China

In value terms, cows skin production expanded modestly to $X in 2021 estimated in export price. Overall, production saw resilient growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 79% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Cows Skin Exports

Exports from Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in overseas shipments of raw hides and skins of bovine animals, which decreased by -2.5% to X tons in 2021. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 263%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cows skin exports reduced slightly to $X in 2021. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 211%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for cows skin exports from Hong Kong SAR, accounting for a 95% share of total exports. Moreover, cows skin exports to China exceeded the volume sent to the second major destination, Thailand (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +12.7%.

In value terms, China ($X) remains the key foreign market for raw hides and skins of bovine animals exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +9.3%.

Export Prices by Country

The average cows skin export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 16%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.0%).

Cows Skin Imports

Imports into Hong Kong SAR, China

For the fourth consecutive year, Hong Kong SAR recorded decline in purchases abroad of raw hides and skins of bovine animals, which decreased by -40.9% to X tons in 2021. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2017 when imports increased by 285%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, cows skin imports declined significantly to $X in 2021. In general, imports showed a sharp contraction. The pace of growth was the most pronounced in 2017 with an increase of 336%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Malawi (X tons), South Africa (X tons) and the United States (X tons) were the main suppliers of cows skin imports to Hong Kong SAR, with a combined 44% share of total imports. These countries were followed by China, Egypt, Brazil, the Netherlands, Denmark, Mozambique, Uruguay, France, Japan and Kenya, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +4.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cows skin suppliers to Hong Kong SAR were Brazil ($X), South Africa ($X) and China ($X), with a combined 45% share of total imports.

South Africa, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cows skin import price amounted to $X per ton, jumping by 23% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a 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 Brazil ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :