Belgium: Cows Skin Market 2024

Cows Skin Market Size in Belgium

The Belgian cows skin market declined slightly to $X in 2023, almost unchanged from the previous year. In general, consumption recorded a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Cows Skin Production in Belgium

In value terms, cows skin production rose slightly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Cows skin production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Cows Skin Exports

Exports from Belgium

In 2023, overseas shipments of raw hides and skins of bovine animals decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, cows skin exports fell dramatically to $X in 2023. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Togo (X tons), China (X tons) and Nigeria (X tons) were the main destinations of cows skin exports from Belgium, with a combined X% share of total exports. France, Ghana, Indonesia, Cambodia, Hong Kong SAR, Spain, Turkey and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

The average cows skin export price stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

Cows Skin Imports

Imports into Belgium

In 2023, imports of raw hides and skins of bovine animals into Belgium soared to X tons, increasing by X% against 2022. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, cows skin imports soared to $X in 2023. Over the period under review, imports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the Dominican Republic (X tons) constituted the largest cows skin supplier to Belgium, with a X% share of total imports. Moreover, cows skin imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the Dominican Republic was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

In value terms, the largest cows skin suppliers to Belgium were France ($X), the Dominican Republic ($X) and Germany ($X), together comprising X% of total imports. These countries were followed by Luxembourg, which accounted for a further X%.

Luxembourg, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average cows skin import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 Germany ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform