Malaysia: Market for Raw Hides And Skins of Cattle 2025

Market Size for Raw Hides And Skins of Cattle in Malaysia

After two years of growth, the Malaysian cattle hide and skin market decreased by -20.4% to $X in 2021. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Malaysia

In value terms, cattle hide and skin production reached $X in 2021 estimated in export price. In general, production recorded a slight contraction. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average yield of raw hides and skins of cattle in Malaysia reduced slightly to X kg per head, remaining stable against 2020 figures. Overall, the yield saw a perceptible reduction. The growth pace was the most rapid in 2018 when the yield increased by 13% against the previous year. Over the period under review, the average cattle hide and skin yield reached the maximum level at X kg per head in 2019; however, from 2020 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for cattle hide and skin production in Malaysia dropped modestly to X heads, therefore, remained relatively stable against 2020. Over the period under review, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by 30%. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2015; however, from 2016 to 2021, producing animals stood at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Malaysia

In 2021, shipments abroad of raw hides and skins of cattle increased by 92% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt decrease. 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

Indonesia (X tons) was the main destination for cattle hide and skin exports from Malaysia, with a 83% share of total exports. Moreover, cattle hide and skin exports to Indonesia exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+25.0% per year) and Thailand (-42.0% per year).

In value terms, the largest markets for cattle hide and skin exported from Malaysia were Indonesia ($X), China ($X) and Thailand ($X), with a combined 85% share of total exports.

China, with a CAGR of +58.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, waning by -2.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 China ($X per ton), while the average price for exports to Thailand ($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 (+26.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Hides And Skins of Cattle

Imports into Malaysia

In 2021, supplies from abroad of raw hides and skins of cattle decreased by -40.5% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 326% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, cattle hide and skin imports shrank remarkably to $X in 2021. Overall, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 146%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of cattle hide and skin to Malaysia, with a 93% share of total imports. Moreover, cattle hide and skin imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.9%.

In value terms, China ($X) constituted the largest supplier of raw hides and skins of cattle to Malaysia, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.1%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, rising by 6.4% against the previous year. Overall, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2014 when the average import price increased by 126%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 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 the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+14.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :