Hong Kong SAR, China: Market for Raw Hides And Skins of Cattle 2025

Market Size for Raw Hides And Skins of Cattle in Hong Kong SAR, China

After seven years of decline, the Hong Kong cattle hide and skin market increased by 27% to $X in 2021. Overall, consumption, however, faced a dramatic curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Hong Kong SAR, China

In value terms, cattle hide and skin production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a deep setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 37% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

The average yield of raw hides and skins of cattle in Hong Kong SAR reduced sharply to X kg per head in 2021, declining by -19.5% against 2020 figures. In general, the yield showed a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 2,515% against the previous year. The cattle hide and skin yield peaked at X tons per head in 2015; however, from 2016 to 2021, the yield remained at a lower figure.

The number of animals slaughtered for cattle hide and skin production in Hong Kong SAR totaled X heads in 2021, approximately mirroring 2020 figures. Overall, the number of producing animals, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2019 when the number of producing animals increased by 4.4% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2013; however, from 2014 to 2021, producing animals remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Hong Kong SAR, China

Cattle hide and skin exports from Hong Kong SAR fell remarkably to X tons in 2021, which is down by -47.4% on the previous year's figure. Overall, exports showed a significant decrease. The pace of growth was the most pronounced in 2017 when exports increased by 119%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cattle hide and skin exports fell remarkably to $X in 2021. In general, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 79% 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 failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cattle hide and skin exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -31.1%.

In value terms, China ($X) also remains the key foreign market for raw hides and skins of cattle exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -34.5%.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, waning by -9.5% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to -2.1% per year.

Imports of Raw Hides And Skins of Cattle

Imports into Hong Kong SAR, China

After three years of decline, purchases abroad of raw hides and skins of cattle increased by 0.9% to X tons in 2021. In general, imports, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 195% against the previous year. Imports peaked at X tons in 2013; however, from 2014 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, continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 129%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), India (X tons) and Colombia (X tons) were the main suppliers of cattle hide and skin imports to Hong Kong SAR, together accounting for 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +20.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Colombia ($X) and Japan ($X) were the largest cattle hide and skin suppliers to Hong Kong SAR, with a combined 84% share of total imports.

Among the main suppliers, India, with a CAGR of +31.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, with an increase of 33% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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