Australia and Oceania: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Australia and Oceania

The cattle hide and skin market in Australia and Oceania dropped to $X in 2023, waning by X% against the previous year. The total consumption indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Australia and Oceania

In value terms, cattle hide and skin production expanded rapidly to $X in 2023 estimated in export price. In general, production, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Australia (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 Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), threefold.

In Australia, cattle hide and skin production shrank by an average annual rate of X% over the period from 2012-2023.

In 2023, the average cattle hide and skin yield in Australia and Oceania shrank modestly to X kg per head, almost unchanged from 2022. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of yield peaked at X kg per head in 2022, and then reduced modestly in the following year.

In 2023, number of animals slaughtered for cattle hide and skin production in Australia and Oceania totaled X heads, increasing by X% compared with 2022 figures. Over the period under review, the number of producing animals, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2015; however, from 2016 to 2023, producing animals failed to regain momentum.

Exports of Raw Hides And Skins of Cattle

Exports in Australia and Oceania

In 2023, overseas shipments of raw hides and skins of cattle increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports, however, recorded a perceptible slump. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports expanded rapidly to $X in 2023. Over the period under review, exports, however, recorded 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 hit record highs at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Australia represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by New Zealand (X tons), mixing up a X% share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2023. New Zealand experienced a relatively flat trend pattern. While the share of New Zealand (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest cattle hide and skin supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, cattle hide and skin exports declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, falling by X% against the previous year. In general, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat 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 New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Imports of Raw Hides And Skins of Cattle

Imports in Australia and Oceania

In 2023, supplies from abroad of raw hides and skins of cattle decreased by X% to X tons, falling for the fourth year in a row after three years of growth. Overall, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, cattle hide and skin imports reduced sharply to $X in 2023. Total imports indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

The purchases of the one major importers of raw hides and skins of cattle, namely Australia, represented more than two-thirds of total import.

Australia was also the fastest-growing in terms of the raw hides and skins of cattle imports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Australia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported raw hides and skins of cattle in Australia and Oceania.

In Australia, cattle hide and skin imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Source: IndexBox Platform