Saudi Arabia: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Saudi Arabia

In 2023, after two years of decline, there was significant growth in the Saudi cattle hide and skin market, when its value increased by X% to $X. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Saudi Arabia

In value terms, cattle hide and skin production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Cattle hide and skin production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

The average yield of raw hides and skins of cattle in Saudi Arabia shrank notably to X kg per head in 2023, waning by X% compared with 2022. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head, and then dropped rapidly in the following year.

The number of animals slaughtered for cattle hide and skin production in Saudi Arabia rose notably to X heads in 2023, surging by X% compared with the previous year. In general, the number of producing animals, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by X%. As a result, the amount of producing animals reached the peak level of X heads. From 2019 to 2023, the growth of this number remained at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Saudi Arabia

In 2023, overseas shipments 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. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, cattle hide and skin exports reduced modestly to $X in 2023. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then shrank slightly in the following year.

Exports by Country

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

From 2012 to 2023, the average annual growth rate of volume to Nigeria stood at X%.

From 2012 to 2023, the average annual growth rate of value to Nigeria amounted to X%.

Export Prices by Country

In 2023, the average cattle hide and skin export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 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 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Nigeria totaled $X per ton.

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

Imports of Raw Hides And Skins of Cattle

Imports into Saudi Arabia

Cattle hide and skin imports into Saudi Arabia was estimated at X tons in 2023, stabilizing at the previous year. Over the period under review, imports saw a dramatic descent. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, cattle hide and skin imports stood at $X in 2023. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, the UK (X tons) was the main cattle hide and skin supplier to Saudi Arabia, accounting for a X% share of total imports. It was followed by Turkey (X kg), with less than X% share of total imports.

From 2017 to 2023, the average annual growth rate of volume from the UK stood at X%.

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

From 2017 to 2023, the average annual rate of growth in terms of value from the UK amounted to X%.

Import Prices by Country

In 2023, the average cattle hide and skin import price amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

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 Turkey ($X per ton), while the price for the UK amounted to $X per ton.

From 2017 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform