MERCOSUR: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in MERCOSUR

The MERCOSUR cattle hide and skin market contracted modestly to $X in 2023, almost unchanged from the previous year. Over the period under review, consumption recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in MERCOSUR

In value terms, cattle hide and skin production surged to $X in 2023 estimated in export price. Overall, production showed a deep reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Brazil (X tons) constituted the country with the largest volume of cattle hide and skin production, accounting for X% of total volume. Moreover, cattle hide and skin production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), twofold. Colombia (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

The average cattle hide and skin yield declined slightly to X kg per head in 2023, stabilizing at 2022 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the cattle hide and skin yield hit record highs at X kg per head in 2019; however, from 2020 to 2023, the yield stood at a somewhat lower figure.

In 2023, the number of animals slaughtered for cattle hide and skin production in MERCOSUR dropped modestly to X heads, which is down by X% on 2022 figures. In general, the number of producing animals, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2022, and then declined slightly in the following year.

Exports of Raw Hides And Skins of Cattle

Exports in MERCOSUR

Cattle hide and skin exports surged to X tons in 2023, growing by X% compared with the previous year's figure. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, cattle hide and skin exports surged to $X in 2023. Over the period under review, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Argentina represented the main exporting country with an export of around X tons, which recorded X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Uruguay (X%). The following exporters - Colombia (X tons), Chile (X tons) and Venezuela (X tons) - each recorded an X% share of total exports.

Argentina 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, Brazil (X%), Chile (X%) and Uruguay (X%) displayed positive paces of growth. By contrast, Colombia (X%) and Venezuela (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Argentina and Brazil increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest cattle hide and skin supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Uruguay, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Argentina totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Uruguay (X% per year).

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a 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 Chile ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Imports of Raw Hides And Skins of Cattle

Imports in MERCOSUR

In 2023, the amount of raw hides and skins of cattle imported in MERCOSUR shrank to X tons, waning by X% against the previous year's figure. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cattle hide and skin imports dropped to $X in 2023. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Brazil represented the main importing country with an import of about X tons, which amounted to X% of total imports. Paraguay (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%). Uruguay (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 imports into Brazil stood at X%. At the same time, Paraguay (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Uruguay (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Paraguay (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Uruguay saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported raw hides and skins of cattle in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, cattle hide and skin imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform