Asia-Pacific: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Asia-Pacific

In 2023, after two years of growth, there was decline in the Asia-Pacific cattle hide and skin market, when its value decreased by X% to $X. Overall, consumption recorded a slight descent. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2023, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Asia-Pacific

In value terms, cattle hide and skin production rose slightly to $X in 2023 estimated in export price. Over the period under review, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. 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 China (X tons), India (X tons) and Pakistan (X tons), together accounting for X% of total production. Australia, New Zealand and Vietnam lagged somewhat behind, together accounting for a further X%.

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

The average cattle hide and skin yield dropped to X kg per head in 2023, stabilizing at the previous year. Overall, the yield, however, showed 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 reached the peak level at X kg per head in 2019; however, from 2020 to 2023, the yield stood at a somewhat lower figure.

In 2023, number of animals slaughtered for cattle hide and skin production in Asia-Pacific reduced modestly to X heads, remaining relatively unchanged against 2022 figures. This number increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2022, and then dropped slightly in the following year.

Exports of Raw Hides And Skins of Cattle

Exports in Asia-Pacific

In 2023, shipments abroad of raw hides and skins of cattle increased by X% to X tons, rising for the fourth consecutive year after five years of decline. Overall, exports, however, continue to indicate a perceptible setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports expanded notably to $X in 2023. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by New Zealand (X tons), Japan (X tons), India (X tons), China (X tons) and South Korea (X tons), together making up a X% share of total exports. Afghanistan (X tons) held a minor share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), South Korea (X%), China (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. New Zealand experienced a relatively flat trend pattern. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of New Zealand, India, South Korea, Japan and China increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest cattle hide and skin supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Australia, cattle hide and skin exports decreased by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a noticeable decline. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while India ($X per ton) was amongst the lowest.

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

Imports of Raw Hides And Skins of Cattle

Imports in Asia-Pacific

In 2023, imports of raw hides and skins of cattle in Asia-Pacific totaled X tons, growing by X% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports reduced to $X in 2023. In general, imports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, recording X tons, which was near X% of total imports in 2023. It was distantly followed by South Korea (X tons), comprising a X% share of total imports. Thailand (X tons), Indonesia (X tons) and Japan (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cattle hide and skin imports into China stood at X%. At the same time, Indonesia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. By contrast, Thailand (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and South Korea saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported raw hides and skins of cattle in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Indonesia ($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