Singapore: Cows Skin Market 2025

Cows Skin Market Size in Singapore

The Singaporean cows skin market soared to $X in 2021, jumping by 16% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 -9.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Cows Skin Production in Singapore

In value terms, cows skin production soared to $X in 2021 estimated in export price. Overall, production recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 59%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Cows Skin Exports

Exports from Singapore

In 2021, exports of raw hides and skins of bovine animals from Singapore shrank dramatically to X tons, with a decrease of -33.1% on the year before. Over the period under review, exports faced a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 949%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cows skin exports declined notably to $X in 2021. In general, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 1,203% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons), Indonesia (X tons) and China (X tons) were the main destinations of cows skin exports from Singapore, together accounting for 77% of total exports. The Philippines, Malaysia and Vietnam lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +34.4%), while the other leaders experienced a decline.

In value terms, the largest markets for cows skin exported from Singapore were the Philippines ($X), Indonesia ($X) and China ($X), together comprising 89% of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +60.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cows skin export price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 59% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 the Philippines ($X per ton), while the average price for exports to India ($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 Indonesia (+26.7%), while the prices for the other major destinations experienced mixed trend patterns.

Cows Skin Imports

Imports into Singapore

In 2021, overseas purchases of raw hides and skins of bovine animals increased by 510% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, continue to indicate a precipitous setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, cows skin imports skyrocketed to $X in 2021. In general, imports, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 849%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Myanmar (X tons) was the main supplier of cows skin to Singapore, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Myanmar amounted to -25.1%.

In value terms, Myanmar ($X) constituted the largest supplier of raw hides and skins of bovine animals to Singapore.

From 2012 to 2021, the average annual growth rate of value from Myanmar stood at -22.9%.

Import Prices by Country

In 2021, the average cows skin import price amounted to $X per ton, reducing by -21.1% against the previous year. Over the period under review, the import price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 141%. As a result, import price attained the peak level of $X per ton, and then declined significantly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Myanmar amounted to +2.8% per year.

Source: IndexBox Platform

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