Southern Asia: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Southern Asia

In 2021, the South Asian cattle hide and skin market was finally on the rise to reach $X after six years of decline. Overall, consumption, however, saw a noticeable downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Southern Asia

In value terms, cattle hide and skin production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

The country with the largest volume of cattle hide and skin production was India (X tons), accounting for 74% of total volume. Moreover, cattle hide and skin production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold. The third position in this ranking was taken by Bangladesh (X tons), with a 2.3% share.

In India, cattle hide and skin production increased at an average annual rate of +1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+4.6% per year) and Bangladesh (+0.5% per year).

In 2021, the average yield of raw hides and skins of cattle in Southern Asia declined slightly to X kg per head, remaining stable against 2020 figures. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by 1.1%. Over the period under review, the cattle hide and skin yield reached the peak level at X kg per head in 2013; however, from 2014 to 2021, the yield failed to regain momentum.

In 2021, approx. X heads of animals slaughtered for cattle hide and skin production in Southern Asia; surging by 7.3% compared with the year before. This number increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 8.2%. The level of producing animals peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Raw Hides And Skins of Cattle

Exports in Southern Asia

In 2021, overseas shipments of raw hides and skins of cattle were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 90% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cattle hide and skin exports surged to $X in 2021. In general, exports, however, showed a slight setback. The most prominent rate of growth was recorded in 2013 when exports increased by 53% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan was the largest exporter of raw hides and skins of cattle in Southern Asia, with the volume of exports amounting to X tons, which was approx. 79% of total exports in 2021. It was distantly followed by India (X tons), constituting a 21% share of total exports.

Exports from Afghanistan decreased at an average annual rate of -5.3% from 2012 to 2021. At the same time, India (+13.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +13.3% from 2012-2021. India (+16 p.p.) significantly strengthened its position in terms of the total exports, while Afghanistan saw its share reduced by -12.9% from 2012 to 2021, respectively.

In value terms, Afghanistan ($X) remains the largest cattle hide and skin supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports.

In Afghanistan, cattle hide and skin exports expanded at an average annual rate of +3.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, waning by -6.6% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cattle hide and skin export price decreased by -41.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 73% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+9.4%).

Imports of Raw Hides And Skins of Cattle

Imports in Southern Asia

In 2021, the amount of raw hides and skins of cattle imported in Southern Asia soared to X tons, picking up by 25% compared with the previous year's figure. In general, imports, however, continue to indicate a mild downturn. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt shrinkage. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, amounting to X tons, which was approx. 94% of total imports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the raw hides and skins of cattle imports, with a CAGR of -1.1% from 2012 to 2021. Pakistan (-11.3%) illustrated a downward trend over the same period. India (+5.9 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -6.4% from 2012 to 2021, respectively.

In value terms, India ($X) constitutes the largest market for imported raw hides and skins of cattle in Southern Asia, comprising 87% of total imports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India totaled -11.9%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 23% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.2%).

Source: IndexBox Platform

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