Peru: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Peru

In 2022, the Peruvian cattle hide and skin market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Peru

In value terms, cattle hide and skin production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

In 2022, the average yield of raw hides and skins of cattle in Peru was estimated at X kg per head, flattening at the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2021 to 2022, the growth of the average cattle hide and skin yield remained at a lower figure.

In 2022, the number of animals slaughtered for cattle hide and skin production in Peru shrank slightly to X heads, with a decrease of X% on the previous year's figure. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the number of producing animals increased by X%. Over the period under review, this number reached the maximum level at X heads in 2014; however, from 2015 to 2022, producing animals remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Raw Hides And Skins of Cattle

Exports from Peru

In 2022, shipments abroad of raw hides and skins of cattle decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed noticeable growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cattle hide and skin exports rose remarkably to $X in 2022. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons), China (X tons) and Togo (X tons) were the main destinations of cattle hide and skin exports from Peru, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the average cattle hide and skin export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Hides And Skins of Cattle

Imports into Peru

In 2022, after two years of decline, there was significant growth in purchases abroad of raw hides and skins of cattle, when their volume increased by X% to X tons. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cattle hide and skin imports soared to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Bolivia (X tons) constituted the largest cattle hide and skin supplier to Peru, with a X% share of total imports. Moreover, cattle hide and skin imports from Bolivia exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Bolivia amounted to X%.

In value terms, Colombia ($X) constituted the largest supplier of raw hides and skins of cattle to Peru, comprising X% of total imports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia totaled X%.

Import Prices by Country

The average cattle hide and skin import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a abrupt shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Bolivia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :