New Zealand: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in New Zealand

The New Zealand cattle hide and skin market totaled $X in 2023, surging by X% against the previous year. In general, consumption, however, showed a mild curtailment. Cattle hide and skin consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in New Zealand

In value terms, cattle hide and skin production totaled $X in 2023 estimated in export price. Over the period under review, production, however, showed a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by X%. Cattle hide and skin production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

In 2023, the average cattle hide and skin yield in New Zealand amounted to X kg per head, flattening at 2022. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. Over the period under review, the average cattle hide and skin yield hit record highs at X kg per head in 2021; however, from 2022 to 2023, the yield failed to regain momentum.

In 2023, approx. X heads of animals slaughtered for cattle hide and skin production in New Zealand; 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; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when the number of producing animals increased by X%. Over the period under review, this number attained the peak level at X heads in 2016; however, from 2017 to 2023, producing animals remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from New Zealand

In 2023, overseas shipments of raw hides and skins of cattle increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports showed a slight increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, cattle hide and skin exports dropped to $X in 2023. Overall, exports, however, recorded a pronounced shrinkage. 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 attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cattle hide and skin exports from New Zealand, with a X% share of total exports. Moreover, cattle hide and skin exports to China exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Vietnam (X% per year).

In value terms, China ($X) remains the key foreign market for raw hides and skins of cattle exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by Romania, with a X% share.

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

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 Spain (X%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into New Zealand

Cattle hide and skin imports into New Zealand shrank sharply to X kg in 2023, waning by X% compared with 2022. Overall, imports showed a sharp downturn. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, cattle hide and skin imports shrank significantly to $X in 2023. In general, imports recorded a sharp reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Finland (X kg) constituted the largest cattle hide and skin supplier to New Zealand, with a X% share of total imports. Moreover, cattle hide and skin imports from Finland exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Finland stood at X%.

In value terms, Finland ($X) constituted the largest supplier of raw hides and skins of cattle to New Zealand, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Finland totaled X%.

Import Prices by Country

In 2023, the average cattle hide and skin import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for China stood at $X per ton.

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

Source: IndexBox Platform