Turkmenistan: Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in Turkmenistan

The revenue of the bovine hide and skin market in Turkmenistan amounted to $X in 2018, declining by -X% against the previous year. In general, bovine hide and skin consumption continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Turkmenistan bovine hide and skin consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins Of Cattle in Turkmenistan

In value terms, bovine hide and skin production stood at $X in 2018 estimated in export prices. Over the period under review, bovine hide and skin production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when production volume increased by X% y-o-y. Over the period under review, bovine hide and skin production reached its peak figure level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Exports of Raw Hides And Skins Of Cattle

Exports from Turkmenistan

In 2018, approx. X units of raw hides and skins of cattle were exported from Turkmenistan; picking up by X% against the previous year. Overall, bovine hide and skin exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. In that year, bovine hide and skin exports attained their peak of X units. From 2011 to 2018, the growth of bovine hide and skin exports remained at a lower figure.

In value terms, bovine hide and skin exports stood at $X in 2018. In general, bovine hide and skin exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, bovine hide and skin exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

The U.S. was the key exporter of raw hides and skins of cattle in the world, with the volume of exports finishing at X units, which was approx. X% of total exports in 2018. Australia (X units) took the second position in the ranking, followed by Germany (X units) and France (X units). All these countries together held approx. X% share of total exports. The following exporters - the Netherlands (X units), Canada (X units), Italy (X units), the UK (X units), Austria (X units), Spain (X units), Ireland (X units) and Belgium (X units) - together made up X% of total exports.

Exports from the U.S. decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the UK (+X%), Belgium (+X%), Austria (+X%), Germany (+X%), Spain (+X%), Ireland (+X%), Australia (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of the UK (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of France (-X p.p.), Canada (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) remains the largest bovine hide and skin supplier from Turkmenistan, comprising X% of global exports. The second position in the ranking was occupied by France ($X), with a X% share of global exports. It was followed by Australia, with a X% share.

In the U.S., bovine hide and skin exports declined by an average annual rate of -X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: France (-X% per year) and Australia (-X% per year).

Export Prices by Country

In 2018, the bovine hide and skin export price in Turkmenistan amounted to $X per unit, lowering by -X% against the previous year. Overall, the bovine hide and skin export price continues to indicate a temperate reduction. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Turkmenistan export price peaked at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was France ($X per unit), while Austria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Imports of Raw Hides And Skins Of Cattle

Imports by Country

China was the main importer of raw hides and skins of cattle in the world, with the volume of imports amounting to X units, which was near X% of total imports in 2018. It was distantly followed by Italy (X units), South Korea (X units) and Mexico (X units), together generating a X% share of total imports. Germany (X units), the Netherlands (X units), Austria (X units), Thailand (X units), Vietnam (X units) and Turkey (X units) occupied a minor share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Vietnam (+X%), the Netherlands (+X%), Mexico (+X%), Austria (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, Italy (-X%), South Korea (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Mexico and the Netherlands increased by +X%, +X% and +X% percentage points, while Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bovine hide and skin importing markets into Turkmenistan were China ($X), Italy ($X) and South Korea ($X), together comprising X% of total imports. Germany, Thailand, the Netherlands, Mexico, Austria, Turkey, Vietnam and Turkmenistan lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The bovine hide and skin import price in Turkmenistan stood at $X per unit in 2018, going down by -X% against the previous year. Over the period under review, the bovine hide and skin import price continues to indicate a relatively flat trend pattern. Turkmenistan import price peaked at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform