Puerto Rico: Market for Raw Hides And Skins of Cattle 2025

Market Size for Raw Hides And Skins of Cattle in Puerto Rico

After seven years of decline, the Puerto Rican cattle hide and skin market increased by 7% to $X in 2021. Overall, consumption showed a abrupt downturn. Puerto Rico consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Puerto Rico

In value terms, cattle hide and skin production reached $X in 2021 estimated in export price. Over the period under review, production showed a drastic downturn. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

In 2021, the average yield of raw hides and skins of cattle in Puerto Rico reached X kg per head, remaining relatively unchanged against 2020 figures. In general, the yield, however, showed a noticeable descent. The growth pace was the most rapid in 2015 with an increase of 9.9% against the previous year. Over the period under review, the cattle hide and skin yield attained the maximum level at X kg per head in 2013; however, from 2014 to 2021, the yield failed to regain momentum.

In 2021, number of animals slaughtered for cattle hide and skin production in Puerto Rico contracted to X heads, waning by -5.5% on the previous year. Overall, the number of producing animals recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 4.9% against the previous year. Over the period under review, this number attained the peak level at X heads in 2012; however, from 2013 to 2021, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Puerto Rico

In value terms, cattle hide and skin exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

The United States was the major exporter of raw hides and skins of cattle in the world, with the volume of exports amounting to X tons, which was approx. 28% of total exports in 2021. Germany (X tons) took a 5.7% share (based on physical terms) of total exports, which put it in second place, followed by France (5%), Italy (4.9%), Canada (4.7%) and Australia (4.7%). Argentina (X tons), the Netherlands (X tons), the UK (X tons), Austria (X tons), Spain (X tons), Ireland (X tons) and Poland (X tons) followed a long way behind the leaders.

Exports from the United States decreased at an average annual rate of -3.3% from 2012 to 2021. At the same time, Argentina (+124.5%), Poland (+4.8%) and the UK (+3.3%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in the world, with a CAGR of +124.5% from 2012-2021. Ireland, Spain, Austria, Italy and France experienced a relatively flat trend pattern. By contrast, Canada (-1.2%), Germany (-1.5%), the Netherlands (-3.4%) and Australia (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Argentina increased by +4.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest cattle hide and skin supplier from Puerto Rico, comprising 30% of global exports. The second position in the ranking was held by France ($X), with a 7% share of global exports. It was followed by the Netherlands, with a 6% share.

In the United States, cattle hide and skin exports decreased by an average annual rate of -8.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (-5.5% per year) and the Netherlands (-5.0% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, flattening at the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports into Puerto Rico

In value terms, cattle hide and skin imports stood at less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, China (X tons) was the key importer of raw hides and skins of cattle, mixing up 40% of total imports. It was distantly followed by Italy (X tons), creating a 16% share of total imports. The following importers - South Korea (X tons), Mexico (X tons), Germany (X tons), Turkey (X tons), the Netherlands (X tons), Austria (X tons), Thailand (X tons), Nigeria (X tons) and Brazil (X tons) - together made up 26% of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of raw hides and skins of cattle. At the same time, Nigeria (+58.8%), Brazil (+49.0%) and Turkey (+7.1%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +58.8% from 2012-2021. The Netherlands, Italy and Mexico experienced a relatively flat trend pattern. By contrast, Germany (-1.4%), Austria (-2.4%), Thailand (-2.6%) and South Korea (-5.2%) illustrated a downward trend over the same period. China (+3 p.p.), Nigeria (+2.3 p.p.) and Brazil (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while South Korea saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cattle hide and skin importing markets into Puerto Rico were China ($X), Italy ($X) and South Korea ($X), with a combined 64% share of total imports. These countries were followed by Mexico, Germany, Austria, the Netherlands, Thailand, Nigeria, Brazil and Turkey, which together accounted for a further 19%.

Nigeria, with a CAGR of +53.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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