Thailand: Market for Raw Hides And Skins of Cattle 2025

Market Size for Raw Hides And Skins of Cattle in Thailand

After two years of decline, the Thai cattle hide and skin market increased by 43% to $X in 2021. In general, consumption, however, recorded a deep setback. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Thailand

In value terms, cattle hide and skin production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production showed a slight contraction. The pace of growth appeared the most rapid in 2020 with an increase of 129%. As a result, production reached the peak level of $X, and then dropped dramatically in the following year.

The average yield of raw hides and skins of cattle in Thailand fell modestly to X kg per head in 2021, waning by -2.4% compared with the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 8.7%. The cattle hide and skin yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for cattle hide and skin production in Thailand fell to X heads, waning by -2.1% on the year before. In general, the number of producing animals showed a pronounced slump. The pace of growth appeared the most rapid in 2020 when the number of producing animals increased by 2.9%. Over the period under review, this number attained the maximum level at X heads in 2012; however, from 2013 to 2021, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports from Thailand

Cattle hide and skin exports from Thailand contracted to X tons in 2021, declining by -12.8% against the previous year's figure. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by 105%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, cattle hide and skin exports contracted to $X in 2021. In general, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 68% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Vietnam (X tons) and Cambodia (X tons) were the main destinations of cattle hide and skin exports from Thailand, together comprising 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for raw hides and skins of cattle exports from Thailand, comprising 47% of total exports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total exports. It was followed by Cambodia, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at +31.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+18.1% per year) and Cambodia (+103.1% per year).

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2021, surging by 6.6% against the previous year. Overall, the export price recorded a temperate increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 136% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 Cambodia (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Hides And Skins of Cattle

Imports into Thailand

In 2021, overseas purchases of raw hides and skins of cattle were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2017 with an increase of 35%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cattle hide and skin imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest cattle hide and skin supplier to Thailand, with a 40% share of total imports. Moreover, cattle hide and skin imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.2% per year) and Australia (-10.8% per year).

In value terms, the United States ($X) constituted the largest supplier of raw hides and skins of cattle to Thailand, comprising 54% of total imports. The second position in the ranking was taken by Australia ($X), with a 9% share of total imports. It was followed by Canada, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-18.5% per year) and Canada (+47.5% per year).

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2021, increasing by 31% against the previous year. Overall, the import price, however, recorded a abrupt setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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