Malaysia: Cows Skin Market 2025

Cows Skin Market Size in Malaysia

The Malaysian cows skin market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -20.3% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Cows Skin Production in Malaysia

In value terms, cows skin production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Cows Skin Exports

Exports from Malaysia

In 2021, cows skin exports from Malaysia skyrocketed to X tons, increasing by 147% against the previous year's figure. In general, exports recorded a temperate increase. The pace of growth appeared the most rapid in 2018 when exports increased by 157%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, cows skin exports surged to $X in 2021. Overall, exports, however, recorded a pronounced curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), India (X tons) and Thailand (X tons) were the main destinations of cows skin exports from Malaysia, with a combined 88% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +36.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for raw hides and skins of bovine animals exports from Malaysia, comprising 31% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Thailand, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-9.4% per year) and Thailand (+22.4% per year).

Export Prices by Country

In 2021, the average cows skin export price amounted to $X per ton, reducing by -3.9% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 44%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cows Skin Imports

Imports into Malaysia

In 2021, supplies from abroad of raw hides and skins of bovine animals decreased by -13.5% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, posted modest growth. The pace of growth appeared the most rapid in 2013 with an increase of 495% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cows skin imports contracted dramatically to $X in 2021. Over the period under review, imports recorded a mild decrease. The growth pace was the most rapid in 2019 with an increase of 780%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Myanmar (X tons) constituted the largest supplier of cows skin to Malaysia, accounting for a 77% share of total imports. Moreover, cows skin imports from Myanmar exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Myanmar totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.2% per year) and Italy (+28.4% per year).

In value terms, Myanmar ($X), China ($X) and Italy ($X) were the largest cows skin suppliers to Malaysia, with a combined 59% share of total imports.

In terms of the main suppliers, Myanmar, with a CAGR of +10.3%, 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 cows skin import price stood at $X per ton in 2021, waning by -25.2% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 171% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 Italy ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+51.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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