Peru: Cows Skin Market 2025

Cows Skin Market Size in Peru

In 2021, after two years of decline, there was significant growth in the Peruvian cows skin market, when its value increased by 28% to $X. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.6% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Cows Skin Production in Peru

In value terms, cows skin production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by 88%. Cows skin production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Cows Skin Exports

Exports from Peru

In 2021, overseas shipments of raw hides and skins of bovine animals were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by 117%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, cows skin exports fell remarkably to $X in 2021. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 168%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Cambodia (X tons) and Ecuador (X tons) were the main destinations of cows skin exports from Peru, together comprising 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +5.7%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for raw hides and skins of bovine animals exports from Peru, comprising 46% of total exports. The second position in the ranking was held by Ecuador ($X), with an 18% share of total exports. It was followed by Cambodia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-8.9% per year) and Cambodia (0.0% per year).

Export Prices by Country

In 2021, the average cows skin export price amounted to $X per ton, reducing by -31.6% against the previous year. Overall, the export price showed a mild decrease. The most prominent rate of growth was recorded in 2014 an increase of 69%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Mexico ($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 Ecuador (+5.0%), while the prices for the other major destinations experienced a decline.

Cows Skin Imports

Imports into Peru

In 2021, the amount of raw hides and skins of bovine animals imported into Peru surged to X tons, picking up by 307% on 2020. Overall, imports, however, showed a dramatic decline. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cows skin imports surged to $X in 2021. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 413%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bolivia (X tons) was the main cows skin supplier to Peru, with a 98% share of total imports. It was followed by the United States (X tons), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Bolivia amounted to -1.3%.

In value terms, Bolivia ($X) constituted the largest supplier of raw hides and skins of bovine animals to Peru, comprising 98% of total imports. The second position in the ranking was held by the United States ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Bolivia stood at +21.0%.

Import Prices by Country

In 2021, the average cows skin import price amounted to $X per ton, jumping by 26% against the previous year. Overall, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2013 an increase of 145% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably 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 Bolivia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.6%).

Source: IndexBox Platform

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