Overview of the Global Market for Raw Hides And Skins of Cattle

Market Size for Raw Hides And Skins of Cattle

The global cattle hide and skin market was finally on the rise to reach $X in 2021, after six years of decline. Over the period under review, consumption recorded a perceptible setback. Global consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle

In value terms, cattle hide and skin production rose markedly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 11%. Global production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The countries with the highest volumes of production in 2021 were China (X tons), India (X tons) and the United States (X tons), with a combined 39% share of global production. Brazil, Argentina, Pakistan, Mexico, Australia, Russia and Turkey lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of +7.1%), while production for the other global leaders experienced more modest paces of growth.

In 2021, the global average cattle hide and skin yield amounted to X kg per head, leveling off at 2020 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 4.2%. The global yield peaked in 2021 and is likely to continue growth in the immediate term.

In 2021, global number of animals slaughtered for cattle hide and skin production amounted to X heads, stabilizing at the previous year. In general, the number of producing animals showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 2.3% against the previous year. As a result, the amount of animals produced attained the peak level of X heads. From 2020 to 2021, the growth of this number remained at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports

In 2021, overseas shipments of raw hides and skins of cattle were finally on the rise to reach X tons after three years of decline. Overall, exports, however, showed a slight reduction. Over the period under review, the global exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, cattle hide and skin exports surged to $X in 2021. Over the period under review, exports, however, saw a deep slump. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons) was the main exporter of raw hides and skins of cattle, creating 28% of total exports. It was distantly followed by Germany (X tons), France (X tons), Italy (X tons), Canada (X tons) and Australia (X tons), together achieving a 25% share of total exports. Argentina (X tons), the Netherlands (X tons), the UK (X tons), Austria (X tons), Spain (X tons), Ireland (X tons) and Poland (X tons) took a little share of total exports.

Exports from the United States decreased at an average annual rate of -3.3% from 2012 to 2021. At the same time, Argentina (+124.5%), Poland (+4.8%) and the UK (+3.3%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in the world, with a CAGR of +124.5% from 2012-2021. Ireland, Spain, Austria, Italy and France experienced a relatively flat trend pattern. By contrast, Canada (-1.2%), Germany (-1.5%), the Netherlands (-3.4%) and Australia (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Argentina increased by +4.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest cattle hide and skin supplier worldwide, comprising 30% of global exports. The second position in the ranking was taken by France ($X), with a 7% share of global exports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -8.3%. In the other countries, the average annual rates were as follows: France (-5.5% per year) and the Netherlands (-5.0% per year).

Export Prices by Country

In 2021, the average cattle hide and skin export price amounted to $X per ton, increasing by 21% against the previous year. Overall, the export price, however, showed a deep setback. Over the period under review, the average export prices hit record highs 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 origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.6%), while the other global leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports

In 2021, overseas purchases of raw hides and skins of cattle increased by 7.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, global imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, cattle hide and skin imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt decrease. Global imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China was the key importing country with an import of about X tons, which finished at 40% of total imports. It was distantly followed by Italy (X tons), constituting a 16% share of total imports. South Korea (X tons), Mexico (X tons), Germany (X tons), Turkey (X tons), the Netherlands (X tons), Austria (X tons), Thailand (X tons), Nigeria (X tons) and Brazil (X tons) took a minor share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of raw hides and skins of cattle. At the same time, Nigeria (+58.8%), Brazil (+49.0%) and Turkey (+7.1%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +58.8% from 2012-2021. The Netherlands, Italy and Mexico experienced a relatively flat trend pattern. By contrast, Germany (-1.4%), Austria (-2.4%), Thailand (-2.6%) and South Korea (-5.2%) illustrated a downward trend over the same period. While the share of China (+3 p.p.), Nigeria (+2.3 p.p.) and Brazil (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of South Korea (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Italy ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together accounting for 64% of global imports. Mexico, Germany, Austria, the Netherlands, Thailand, Nigeria, Brazil and Turkey lagged somewhat behind, together comprising a further 19%.

Among the main importing countries, Nigeria, with a CAGR of +53.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the average cattle hide and skin import price amounted to $X per ton, jumping by 36% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.3%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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