Scandinavia: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Scandinavia

In 2021, the Scandinavia cattle hide and skin market increased by 76% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a noticeable slump. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Scandinavia

In value terms, cattle hide and skin production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 21%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Denmark (X tons), Norway (X tons) and Finland (X tons), together accounting for 78% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Norway (with a CAGR of +2.3%), while production for the other leaders experienced more modest paces of growth.

The average cattle hide and skin yield rose modestly to X kg per head in 2021, increasing by 2.2% compared with 2020. In general, the yield showed a slight increase. The most prominent rate of growth was recorded in 2020 when the yield increased by 6%. Over the period under review, the cattle hide and skin yield attained the peak level in 2021 and is likely to see steady growth in the immediate term.

In 2021, approx. X heads of animals slaughtered for cattle hide and skin production in Scandinavia; almost unchanged from the previous year's figure. Overall, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by 4.9% against the previous year. As a result, the amount of producing animals reached the peak level of X heads; afterwards, it flattened through to 2021.

Exports of Raw Hides And Skins of Cattle

Exports in Scandinavia

After two years of decline, shipments abroad of raw hides and skins of cattle increased by 14% to X tons in 2021. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cattle hide and skin exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a noticeable reduction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Denmark (X tons) represented the largest exporter of raw hides and skins of cattle, achieving 43% of total exports. Sweden (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Norway (18%) and Finland (13%).

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +6.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), together accounting for 87% of total exports.

In terms of the main exporting countries, Norway, with a CAGR of +1.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 30% against the previous year. In general, the export price, however, recorded a drastic downturn. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-4.7%), while the other leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports in Scandinavia

After two years of decline, supplies from abroad of raw hides and skins of cattle increased by 62% to X tons in 2021. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cattle hide and skin imports surged to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) represented the major importer of raw hides and skins of cattle, making up 64% of total imports. Sweden (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Norway (8.5%).

Imports into Denmark increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Norway (+82.7%) and Sweden (+3.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +82.7% from 2012-2021. From 2012 to 2021, the share of Norway increased by +8.4 percentage points.

In value terms, the largest cattle hide and skin importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 100% share of total imports.

In terms of the main importing countries, Norway, with a CAGR of +52.8%, recorded the highest growth rate of the value of imports, 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 Scandinavia stood at $X per ton in 2021, increasing by 8.5% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the import price increased by 21% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-3.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform