Nigeria: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Nigeria

The Nigerien cattle hide and skin market shrank to $X in 2021, which is down by -14.8% against the previous year. Overall, consumption, however, saw a remarkable increase. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Raw Hides And Skins of Cattle in Nigeria

In value terms, cattle hide and skin production expanded rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 36% against the previous year. Cattle hide and skin production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

In 2021, the average cattle hide and skin yield in Nigeria contracted slightly to X kg per head, declining by -1.6% on 2020 figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 27% against the previous year. Over the period under review, the average cattle hide and skin yield hit record highs at X kg per head in 2015; however, from 2016 to 2021, the yield stood at a somewhat lower figure.

The number of animals slaughtered for cattle hide and skin production in Nigeria was estimated at X heads in 2021, approximately mirroring the year before. This number increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 3.3% against the previous year. Over the period under review, this number hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Raw Hides And Skins of Cattle

Exports from Nigeria

In 2021, after three years of growth, there was decline in overseas shipments of raw hides and skins of cattle, when their volume decreased by -3.8% to X tons. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 620% against the previous year. The exports peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, cattle hide and skin exports reduced to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 714% against the previous year. The exports peaked at $X in 2019; however, from 2020 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 Nigeria, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +78.6%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +82.1%.

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, declining by -3.5% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2018 an increase of 13%. 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 China.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +37.8% per year.

Imports of Raw Hides And Skins of Cattle

Imports into Nigeria

After four years of growth, supplies from abroad of raw hides and skins of cattle decreased by -18.1% to X tons in 2021. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 264% against the previous year. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, cattle hide and skin imports fell remarkably to $X in 2021. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 328% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

Madagascar (X tons), Tanzania (X tons) and the Netherlands (X tons) were the main suppliers of cattle hide and skin imports to Nigeria, together comprising 42% of total imports. Sudan, Italy, Lebanon, Saudi Arabia, Turkey, Poland, Brazil, Oman, Niger and China lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +262.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin suppliers to Nigeria were Tanzania ($X), Madagascar ($X) and Sudan ($X), with a combined 46% share of total imports. The Netherlands, Oman, Italy, Saudi Arabia, Turkey, Lebanon, Niger, Brazil, China and Poland lagged somewhat behind, together comprising a further 34%.

Oman, with a CAGR of +439.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, declining by -5.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 43%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+49.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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