Jamaica: Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in Jamaica

The revenue of the bovine hide and skin market in Jamaica amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, bovine hide and skin consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. In that year, the bovine hide and skin market attained its peak level of $X. From 2013 to 2018, the growth of the bovine hide and skin market remained at a somewhat lower figure.

Exports of Raw Hides And Skins Of Cattle

Exports by Country

In 2018, the U.S. (X units) was the major exporter of raw hides and skins of cattle, generating X% of total exports. Australia (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%) and France (X%). The Netherlands (X units), Canada (X units), Italy (X units), the UK (X units), Austria (X units), Spain (X units), Ireland (X units) and Belgium (X units) occupied a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to bovine hide and skin exports from the U.S. stood at -X%. At the same time, the UK (+X%), Belgium (+X%), Austria (+X%), Germany (+X%), Spain (+X%), Ireland (+X%), Australia (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of the UK (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of France (-X p.p.), Canada (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest bovine hide and skin supplier from Jamaica, comprising X% of global exports. The second position in the ranking was occupied by France ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: France (-X% per year) and Australia (-X% per year).

Export Prices by Country

In 2018, the bovine hide and skin export price in Jamaica amounted to $X per unit, remaining stable against the previous year. In general, the bovine hide and skin export price continues to indicate a relatively flat trend pattern. In that year, the export prices for raw hides and skins of cattle reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for raw hides and skins of cattle remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Imports of Raw Hides And Skins Of Cattle

Imports into Jamaica

In 2018, approx. X units of raw hides and skins of cattle were imported into Jamaica; increasing by X% against the previous year. Over the period under review, bovine hide and skin imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, bovine hide and skin imports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

In value terms, bovine hide and skin imports amounted to $X in 2018. Overall, bovine hide and skin imports continue to indicate a sharp drop. The most prominent rate of growth was recorded in 2015 with a decrease of -X% against the previous year. Over the period under review, bovine hide and skin imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X units) represented the major importer of raw hides and skins of cattle, achieving X% of total imports. Italy (X units) ranks second in terms of the total imports with a X% share, followed by South Korea (X%) and Mexico (X%). Germany (X units), the Netherlands (X units), Austria (X units), Thailand (X units), Vietnam (X units) and Turkey (X units) occupied a relatively small share of total imports.

From 2007 to 2018, average annual rates of growth with regard to bovine hide and skin imports into China stood at +X%. At the same time, Vietnam (+X%), the Netherlands (+X%), Mexico (+X%), Austria (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), South Korea (-X%) and Thailand (-X%) illustrated a downward trend over the same period. China (+X p.p.), Mexico (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while Italy saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bovine hide and skin importing markets into Jamaica were China ($X), Italy ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by Germany, Thailand, the Netherlands, Mexico, Austria, Turkey, Vietnam and Jamaica, which together accounted for a further X terms of the main importing countries, the Netherlands recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The bovine hide and skin import price in Jamaica stood at $X per unit in 2018, reducing by -X% against the previous year. In general, the bovine hide and skin import price continues to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2012 when the import price increased by X% year-to-year. In that year, the import prices for raw hides and skins of cattle attained their peak level of $X per unit. From 2013 to 2018, the growth in terms of the import prices for raw hides and skins of cattle remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform