Guatemala: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Guatemala

The Guatemalan cattle hide and skin market amounted to $X in 2023, growing by X% against the previous year. In general, consumption enjoyed a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Guatemala

In value terms, cattle hide and skin production expanded remarkably to $X in 2023 estimated in export price. Overall, production, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Cattle hide and skin production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

In 2023, the average cattle hide and skin yield in Guatemala totaled X kg per head, almost unchanged from 2022. Overall, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the average cattle hide and skin yield attained the maximum level at X kg per head in 2015; however, from 2016 to 2023, the yield stood at a somewhat lower figure.

In 2023, approx. X heads of animals slaughtered for cattle hide and skin production in Guatemala; therefore, remained relatively stable against the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by X%. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2021; afterwards, it flattened through to 2023.

Exports of Raw Hides And Skins of Cattle

Exports from Guatemala

In 2023, shipments abroad of raw hides and skins of cattle decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports shrank slightly to $X in 2023. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for cattle hide and skin exports from Guatemala, accounting for a X% share of total exports. Moreover, cattle hide and skin exports to Mexico exceeded the volume sent to the second major destination, Colombia (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and El Salvador (X% per year).

In value terms, Mexico ($X) remains the key foreign market for raw hides and skins of cattle exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and El Salvador (X% per year).

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Hides And Skins of Cattle

Imports into Guatemala

Cattle hide and skin imports into Guatemala dropped to X tons in 2023, which is down by X% against the previous year. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, cattle hide and skin imports fell significantly to $X in 2023. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, El Salvador (X tons) constituted the largest cattle hide and skin supplier to Guatemala, accounting for a X% share of total imports. Moreover, cattle hide and skin imports from El Salvador exceeded the figures recorded by the second-largest supplier, Panama (X tons), sixfold. The third position in this ranking was taken by Nicaragua (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from El Salvador totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (X% per year) and Nicaragua (X% per year).

In value terms, El Salvador ($X), Panama ($X) and Venezuela ($X) constituted the largest cattle hide and skin suppliers to Guatemala, together accounting for X% of total imports.

Among the main suppliers, El Salvador, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average cattle hide and skin import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price faced a drastic downturn. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Panama (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform