Report Update Nov 1, 2024

Sri Lanka - Raw Hides and Skins of Bovine Animals - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Cows Skin Market 2024

Cows Skin Market Size in Sri Lanka

In 2021, the Sri Lankan cows skin market was finally on the rise to reach $X after two years of decline. Overall, consumption recorded resilient growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Cows Skin Production in Sri Lanka

In value terms, cows skin production reached $X in 2021 estimated in export price. In general, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 112% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Cows Skin Exports

Exports from Sri Lanka

In 2021, overseas shipments of raw hides and skins of bovine animals decreased by -5.4% to X tons, falling for the fifth consecutive year after five years of growth. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 112%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, cows skin exports contracted to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 69%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for cows skin exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India totaled -6.0%.

In value terms, India ($X) also remains the key foreign market for raw hides and skins of bovine animals exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

The average cows skin export price stood at $X per ton in 2021, with an increase of 3.4% against the previous year. Over the period under review, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 67% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +6.6% per year.

Cows Skin Imports

Imports into Sri Lanka

In 2021, supplies from abroad of raw hides and skins of bovine animals was finally on the rise to reach X kg for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a dramatic contraction. The growth pace was the most rapid in 2016 when imports increased by 6,546% against the previous year. As a result, imports attained the peak of X kg. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cows skin imports fell to $X in 2021. Overall, imports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2016 when imports increased by 7,235% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Pakistan (X kg) constituted the largest cows skin supplier to Sri Lanka, accounting for a 88% share of total imports. Moreover, cows skin imports from Pakistan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Pakistan amounted to -25.7%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Pakistan totaled -28.6%.

Import Prices by Country

The average cows skin import price stood at $X per ton in 2021, declining by -46.2% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 20%. The import price peaked at $X per ton in 2019; however, from 2020 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 Pakistan ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-4.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for raw hides and skins of bovine animals in the world?

China remains the largest cows skin consuming country worldwide, comprising approx. 17% of total volume. Moreover, cows skin consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.4% share.

What are the largest producers of raw hides and skins of bovine animals in the world?

China constituted the country with the largest volume of cows skin production, accounting for 17% of total volume. Moreover, cows skin production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 5.5% share.

What are the leading suppliers of raw hides and skins of bovine animals to Sri Lanka?

In value terms, Italy $100) constituted the largest supplier of cows skin to Sri Lanka.

What are the leading importers of raw hides and skins of bovine animals from Sri Lanka?

In value terms, India remains the key foreign market for cows skin exports from Sri Lanka.

What is the average export price for raw hides and skins of bovine animals in Sri Lanka?

In 2020, the average cows skin export price amounted to $2,144 per ton, picking up by 3.2% against the previous year.

What is the average import price for raw hides and skins of bovine animals in Sri Lanka?

In 2020, the average cows skin import price amounted to $20,000 per ton, picking up by 141% against the previous year.

This report provides an in-depth analysis of the cows skin market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10114200 - Raw hides and skins of bovine or equine animals, whole (except those linked to HS

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023