Philippines: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in the Philippines

The Philippine cattle hide and skin market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in the Philippines

In value terms, cattle hide and skin production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of raw hides and skins of cattle in the Philippines reached X kg per head, remaining stable against the year before. In general, the yield, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average cattle hide and skin yield attained the peak level at X kg per head in 2015; however, from 2016 to 2022, the yield failed to regain momentum.

In 2022, the number of animals slaughtered for cattle hide and skin production in the Philippines declined slightly to X heads, shrinking by X% against 2021 figures. Overall, the number of producing animals recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the number of producing animals increased by X%. The number of animals slaughtered for cattle hide and skin production peaked at X heads in 2016; however, from 2017 to 2022, producing animals stood at a somewhat lower figure.

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Exports of Raw Hides And Skins of Cattle

Exports from the Philippines

In 2022, the amount of raw hides and skins of cattle exported from the Philippines skyrocketed to X tons, rising by X% against 2021 figures. Overall, exports, however, showed a significant decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cattle hide and skin exports surged to $X in 2022. Over the period under review, exports, however, saw a precipitous contraction. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for cattle hide and skin exports from the Philippines, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%.

In value terms, China ($X) also remains the key foreign market for raw hides and skins of cattle exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to China totaled X%.

Export Prices by Country

In 2022, the average cattle hide and skin export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Raw Hides And Skins of Cattle

Imports into the Philippines

Cattle hide and skin imports into the Philippines soared to X tons in 2022, growing by X% against 2021 figures. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports soared to $X in 2022. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Australia (X tons) and Vietnam (X tons) were the main suppliers of cattle hide and skin imports to the Philippines, with a combined X% share of total imports. Japan, China and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cattle hide and skin suppliers to the Philippines were Japan ($X), Vietnam ($X) and China ($X), together accounting for X% of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cattle hide and skin import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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