Portugal: Market for Raw Hides And Skins of Cattle 2025

Market Size for Raw Hides And Skins of Cattle in Portugal

In 2021, the Portuguese cattle hide and skin market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a abrupt shrinkage. Cattle hide and skin consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Portugal

In value terms, cattle hide and skin production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2013 with an increase of 50% against the previous year. Cattle hide and skin production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The average yield of raw hides and skins of cattle in Portugal surged to X kg per head in 2021, with an increase of 77% compared with the year before. Over the period under review, the yield indicated a buoyant increase from 2012 to 2021: its figure increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

The number of animals slaughtered for cattle hide and skin production in Portugal expanded significantly to X heads in 2021, with an increase of 5.8% compared with the year before. Overall, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the number of producing animals increased by 6.5%. Over the period under review, this number reached the maximum level in 2021 and is likely to see gradual growth in the near future.

Exports of Raw Hides And Skins of Cattle

Exports from Portugal

In 2021, the amount of raw hides and skins of cattle exported from Portugal skyrocketed to X tons, jumping by 32% compared with the previous year. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 74% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, cattle hide and skin exports surged to $X in 2021. Over the period under review, exports, however, saw a pronounced reduction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for cattle hide and skin exports from Portugal, accounting for a 95% share of total exports. It was followed by Italy (X tons), with a 3.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+22.7% per year) and Germany (-7.3% per year).

In value terms, Spain ($X) remains the key foreign market for raw hides and skins of cattle exports from Portugal, comprising 92% of total exports. The second position in the ranking was held by Italy ($X), with a 5.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.9% per year) and Germany (-20.8% per year).

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, growing by 28% against the previous year. In general, the export price, however, recorded a abrupt setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($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 Italy (-3.9%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Portugal

In 2021, approx. X tons of raw hides and skins of cattle were imported into Portugal; surging by 8.2% compared with the previous year. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports surged to $X in 2021. Overall, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 43%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Argentina (X tons) were the main suppliers of cattle hide and skin imports to Portugal, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin suppliers to Portugal were Spain ($X), the Netherlands ($X) and Israel ($X), together accounting for 83% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +32.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, jumping by 32% against the previous year. In general, the import price, however, recorded a pronounced decrease. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (-4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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