United States Virgin Islands: Market for Raw Hides And Skins Of Cattle 2019

Market Size for Raw Hides And Skins Of Cattle in United States Virgin Islands

The revenue of the bovine hide and skin market in United States Virgin Islands amounted to $X in 2018, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, bovine hide and skin consumption continues to indicate a relatively flat trend pattern.

Exports of Raw Hides And Skins Of Cattle

Exports by Country

In 2018, the U.S. (X units) represented the largest exporter of raw hides and skins of cattle, achieving X% of total exports. Australia (X units) took the second position in the ranking, followed by Germany (X units) and France (X units). All these countries together took near X% share of total exports. 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) took a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to bovine hide and skin exports from the U.S. stood at -X%. 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. The UK (+X p.p.) significantly strengthened its position in terms of the global exports, while France, Canada and the U.S. saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. stood at -X%. 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 United States Virgin Islands amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the bovine hide and skin export price continues to indicate a relatively flat trend pattern.

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 represented the largest importer of raw hides and skins of cattle in the world, with the volume of imports recording X units, which was near X% of total imports in 2018. Italy (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by South Korea (X%) and Mexico (X%). Germany (X units), the Netherlands (X units), Austria (X units), Thailand (X units), Vietnam (X units) and Turkey (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to bovine hide and skin imports into China stood at +X%. 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. China (+X p.p.), Mexico (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while Italy saw its share reduced by -X% from 2007 to 2018, respectively. 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 United States Virgin Islands were China ($X), Italy ($X) and South Korea ($X), with a combined X% share of total imports. These countries were followed by Germany, Thailand, the Netherlands, Mexico, Austria, Turkey and Vietnam, which together accounted for a further X Netherlands experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the bovine hide and skin import price in United States Virgin Islands amounted to $X per unit, remaining stable against the previous year. In general, the bovine hide and skin import price continues to indicate a relatively flat trend pattern.

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