GCC: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in GCC

The GCC cattle hide and skin market dropped significantly to $X in 2023, which is down by X% against the previous year. Overall, consumption faced a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in GCC

In value terms, cattle hide and skin production reduced slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Saudi Arabia (X tons) remains the largest cattle hide and skin producing country in GCC, comprising approx. X% of total volume. Moreover, cattle hide and skin production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Oman (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total production with a X% share.

In Saudi Arabia, cattle hide and skin production decreased by an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Oman (X% per year) and the United Arab Emirates (X% per year).

In 2023, the average yield of raw hides and skins of cattle in GCC contracted to X kg per head, with a decrease of X% compared with the previous year's figure. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2014 to 2023, the growth of the cattle hide and skin yield remained at a somewhat lower figure.

The global number of animals slaughtered for cattle hide and skin production expanded sharply to X heads in 2023, increasing by X% compared with the previous year's figure. Overall, the number of producing animals, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2013; however, from 2014 to 2023, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports in GCC

In 2023, the amount of raw hides and skins of cattle exported in GCC reduced modestly to X tons, waning by X% on 2022. Overall, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports expanded rapidly to $X in 2023. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Saudi Arabia (X tons) represented the key exporter of raw hides and skins of cattle, mixing up X% of total exports. Oman (X tons) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%).

Saudi Arabia was also the fastest-growing in terms of the raw hides and skins of cattle exports, with a CAGR of X% from 2012 to 2023. At the same time, Oman (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Oman (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) remains the largest cattle hide and skin supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In Saudi Arabia, cattle hide and skin exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Oman (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

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 Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Raw Hides And Skins of Cattle

Imports in GCC

In 2023, after two years of growth, there was significant decline in purchases abroad of raw hides and skins of cattle, when their volume decreased by X% to X tons. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, cattle hide and skin imports declined to $X in 2023. Over the period under review, imports showed a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Oman (X tons), committing a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the raw hides and skins of cattle imports, with a CAGR of X% from 2012 to 2023. Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported raw hides and skins of cattle in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, cattle hide and skin imports contracted by an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a 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 Oman ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%).

Source: IndexBox Platform