Oman: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Oman

The Omani cattle hide and skin market declined notably to $X in 2021, which is down by -72.5% against the previous year. In general, consumption faced a deep slump. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Oman

In value terms, cattle hide and skin production fell to $X in 2021 estimated in export price. In general, production showed a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 62% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

In 2021, the average yield of raw hides and skins of cattle in Oman amounted to X kg per head, standing approx. at the previous year's figure. In general, the yield saw a relatively flat trend pattern. The cattle hide and skin yield peaked in 2021 and is likely to see gradual growth in the immediate term.

In 2021, number of animals slaughtered for cattle hide and skin production in Oman expanded slightly to X heads, increasing by 2% compared with 2020. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. As a result, the amount of producing animals reached the peak level of X heads. From 2014 to 2021, the growth of this number failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Oman

Cattle hide and skin exports from Oman surged to X tons in 2021, increasing by 170% compared with the previous year's figure. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 291% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; afterwards, it flattened through to 2021.

In value terms, cattle hide and skin exports surged to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 286%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

India (X tons), Nigeria (X tons) and Pakistan (X tons) were the main destinations of cattle hide and skin exports from Oman, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +199.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cattle hide and skin exported from Oman were India ($X), Nigeria ($X) and Pakistan ($X), with a combined 99% share of total exports.

Nigeria, with a CAGR of +311.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average cattle hide and skin export price amounted to $X per ton, increasing by 27% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Pakistan ($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 Nigeria (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Hides And Skins of Cattle

Imports into Oman

In 2021, purchases abroad of raw hides and skins of cattle decreased by -92.4% to X tons, falling for the second year in a row after two years of growth. In general, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 2,834% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports declined markedly to $X in 2021. Overall, imports recorded a significant decrease. The growth pace was the most rapid in 2016 with an increase of 2,365%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of cattle hide and skin to Oman, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to -20.7%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of raw hides and skins of cattle to Oman.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to -9.8%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, growing by 11% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cattle hide and skin import price increased by +112.3% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 35%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +497.0% per year.

Source: IndexBox Platform

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