Report Update Nov 1, 2024

Kuwait - Raw Hides and Skins of Bovine Animals - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Cows Skin Market 2024

Cows Skin Market Size in Kuwait

In 2021, the Kuwaiti cows skin market increased by 3.7% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Cows Skin Production in Kuwait

In value terms, cows skin production rose to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Cows Skin Exports

Exports from Kuwait

In 2021, overseas shipments of raw hides and skins of bovine animals decreased by -63.2% to X tons, falling for the fifth consecutive year after two years of growth. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2015 when exports increased by 104%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, cows skin exports dropped remarkably to $X in 2021. Overall, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2015 with an increase of 92%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for cows skin exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at -21.9%.

In value terms, India ($X) also remains the key foreign market for raw hides and skins of bovine animals exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to India stood at -24.9%.

Export Prices by Country

The average cows skin export price stood at $X per ton in 2021, picking up by 64% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. 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 stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -3.8% per year.

Cows Skin Imports

Imports into Kuwait

Cows skin imports into Kuwait skyrocketed to X tons in 2021, increasing by 23% compared with 2020. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 781% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, cows skin imports rose sharply to $X in 2021. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,444% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of cows skin to Kuwait, accounting for a 99% share of total imports. It was followed by Spain (X kg), with a 0.3% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -33.4%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of raw hides and skins of bovine animals to Kuwait, comprising 99% of total imports. The second position in the ranking was taken by Spain ($X), with a 0.7% share of total imports.

From 2015 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +7.0%.

Import Prices by Country

In 2021, the average cows skin import price amounted to $X per ton, which is down by -12.5% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 75%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+91.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw hides and skins of bovine animals in the world?

The country with the largest volume of cows skin consumption was China, comprising approx. 17% of total volume. Moreover, cows skin consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of raw hides and skins of bovine animals in the world?

China constituted the country with the largest volume of cows skin production, accounting for 17% of total volume. Moreover, cows skin production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of raw hides and skins of bovine animals to Kuwait?

In value terms, Spain constituted the largest supplier of cows skin to Kuwait.

What are the leading importers of raw hides and skins of bovine animals from Kuwait?

In value terms, India remains the key foreign market for cows skin exports from Kuwait.

What is the average export price for raw hides and skins of bovine animals in Kuwait?

The average cows skin export price stood at $2,135 per ton in 2020, rising by 3.7% against the previous year.

What is the average import price for raw hides and skins of bovine animals in Kuwait?

In 2020, the average cows skin import price amounted to $3,718 per ton, growing by 66% against the previous year.

This report provides an in-depth analysis of the cows skin market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10114200 - Raw hides and skins of bovine or equine animals, whole (except those linked to HS

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023