Sri Lanka: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Sri Lanka

In 2021, the Sri Lankan cattle hide and skin market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a deep downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Sri Lanka

In value terms, cattle hide and skin production soared to $X in 2021 estimated in export price. In general, production showed a deep reduction. Cattle hide and skin production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

In 2021, the average cattle hide and skin yield in Sri Lanka was estimated at X kg per head, standing approx. at the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 1.6%. Over the period under review, the average cattle hide and skin yield attained the maximum level at X kg per head in 2014; however, from 2015 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for cattle hide and skin production in Sri Lanka shrank to X heads, with a decrease of -6.3% on 2020. In general, the number of producing animals showed a mild descent. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by 4.7% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2013; however, from 2014 to 2021, producing animals stood at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Sri Lanka

In 2018, shipments abroad of raw hides and skins of cattle decreased by -22% to X tons, falling for the third consecutive year after four years of growth. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 566%. As a result, the exports attained the peak of X tons. From 2016 to 2018, the growth of the exports remained at a lower figure.

In value terms, cattle hide and skin exports dropped notably to $X in 2018. Over the period under review, exports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2015 when exports increased by 478%. As a result, the exports attained the peak of $X. From 2016 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for cattle hide and skin exports from Sri Lanka, with a approx. 99% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to India stood at +7.9%.

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

From 2012 to 2018, the average annual growth rate of value to India amounted to +1.3%.

Export Prices by Country

In 2018, the average cattle hide and skin export price amounted to $X per ton, rising by 5.4% against the previous year. In general, the export price, however, saw a deep contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2018, the export prices remained at a lower figure.

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

From 2012 to 2018, the rate of growth in terms of prices for India amounted to -6.1% per year.

Imports of Raw Hides And Skins of Cattle

Imports into Sri Lanka

In 2021, purchases abroad of raw hides and skins of cattle increased by 2.9% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 743% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, cattle hide and skin imports reduced modestly to $X in 2021. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 664%. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2021, the United States (X tons) was the main supplier of cattle hide and skin to Sri Lanka, with a 96% share of total imports. Moreover, cattle hide and skin imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +69.6%.

In value terms, the United States ($X) constituted the largest supplier of raw hides and skins of cattle to Sri Lanka, comprising 100% of total imports. The second position in the ranking was taken by Italy ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +75.0%.

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, shrinking by -3.8% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2020 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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