ASEAN: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in ASEAN

In 2023, after two years of growth, there was significant decline in the ASEAN cattle hide and skin market, when its value decreased by X% to $X. Over the period under review, consumption saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in ASEAN

In value terms, cattle hide and skin production fell to $X in 2023 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Vietnam (X tons), Indonesia (X tons) and Myanmar (X tons), together accounting for X% of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Vietnam (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average cattle hide and skin yield fell modestly to X kg per head in 2023, almost unchanged from the previous year's figure. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the yield increased by X% against the previous year. Over the period under review, the cattle hide and skin yield attained the maximum level at X kg per head in 2016; however, from 2017 to 2023, the yield failed to regain momentum.

The global number of animals slaughtered for cattle hide and skin production shrank to X heads in 2023, remaining constant against the previous year. Overall, the number of producing animals saw a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of producing animals peaked at X heads in 2017; however, from 2018 to 2023, producing animals stood at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports in ASEAN

In 2023, after two years of growth, there was significant decline in shipments abroad of raw hides and skins of cattle, when their volume decreased by X% to X tons. Overall, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports dropped rapidly to $X in 2023. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam was the major exporter of raw hides and skins of cattle in ASEAN, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Cambodia (X tons) held the second position in the ranking, followed by Myanmar (X tons) and Malaysia (X tons). All these countries together took near X% share of total exports. Thailand (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to cattle hide and skin exports from Vietnam stood at X%. At the same time, Cambodia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. Brunei Darussalam experienced a relatively flat trend pattern. By contrast, Thailand (X%), Myanmar (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam and Cambodia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest cattle hide and skin supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

In Vietnam, cattle hide and skin exports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports in ASEAN

After two years of growth, overseas purchases of raw hides and skins of cattle decreased by X% to X tons in 2023. In general, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, cattle hide and skin imports reduced notably to $X in 2023. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Thailand (X tons) and Indonesia (X tons) represented the largest importers of raw hides and skins of cattle in ASEAN, together finishing at approx. X% of total imports. Vietnam (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cambodia (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. These countries were followed by Cambodia, which accounted for a further X%.

Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform