United Arab Emirates: Cows Skin Market 2024

Cows Skin Market Size in the United Arab Emirates

In 2021, the cows skin market in the United Arab Emirates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Cows Skin Production in the United Arab Emirates

In value terms, cows skin production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 when the production volume increased by 67%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Cows Skin Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of raw hides and skins of bovine animals were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2016 with an increase of 566%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, cows skin exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 390% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for cows skin exports from the United Arab Emirates, with a 68% share of total exports. Moreover, cows skin exports to Nigeria exceeded the volume sent to the second major destination, Benin (X tons), ninefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria amounted to +134.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (0.0% per year) and Hong Kong SAR (+9.7% per year).

In value terms, Nigeria ($X) remains the key foreign market for raw hides and skins of bovine animals exports from the United Arab Emirates, comprising 65% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total exports. It was followed by India, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Nigeria totaled +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+4.8% per year) and India (-30.7% per year).

Export Prices by Country

In 2021, the average cows skin export price amounted to $X per ton, declining by -16.3% against the previous year. Overall, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 67% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Tunisia ($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 Kuwait (+228.2%), while the prices for the other major destinations experienced mixed trend patterns.

Cows Skin Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of raw hides and skins of bovine animals increased by 2,791% to X tons, rising for the third year in a row after four years of decline. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cows skin imports soared to $X in 2021. Over the period under review, imports showed a mild increase. The pace of growth appeared the most rapid in 2014 when imports increased by 625%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X tons), India (X tons) and Somalia (X tons) were the main suppliers of cows skin imports to the United Arab Emirates, together comprising 78% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +97,806.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of raw hides and skins of bovine animals to the United Arab Emirates, comprising 85% of total imports. The second position in the ranking was held by Iraq ($X), with a 5.9% share of total imports. It was followed by Australia, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Iraq (-2.0% per year) and Australia (+1,053.0% per year).

Import Prices by Country

In 2021, the average cows skin import price amounted to $X per ton, shrinking by -75.5% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 34%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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