Eastern Asia: Cows Skin Market 2024

Cows Skin Market Size in Eastern Asia

The East Asian cows skin market totaled $X in 2023, almost unchanged from the previous year. Over the period under review, consumption, however, continues to indicate a noticeable downturn. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Cows Skin Production in Eastern Asia

In value terms, cows skin production reached $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of cows skin production, accounting for X% of total volume. Moreover, cows skin production in China exceeded the figures recorded by the second-largest producer, South Korea (X tons), sixfold.

In China, cows skin production remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Cows Skin Exports

Exports in Eastern Asia

Cows skin exports soared to X tons in 2023, rising by X% compared with 2022 figures. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cows skin exports reduced to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Korea dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by China (X tons), comprising a X% share of total exports.

South Korea was also the fastest-growing in terms of the raw hides and skins of bovine animals exports, with a CAGR of X% from 2012 to 2023. At the same time, China (X%) displayed positive paces of growth. From 2012 to 2023, the share of South Korea increased by X percentage points.

In value terms, China ($X) remains the largest cows skin supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

In China, cows skin exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price recorded a significant decline. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea stood at $X per ton.

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

Cows Skin Imports

Imports in Eastern Asia

In 2023, purchases abroad of raw hides and skins of bovine animals decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, cows skin imports expanded notably to $X in 2023. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan represented the largest importing country with an import of about X tons, which reached X% of total imports. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by China (X%).

From 2012 to 2023, average annual rates of growth with regard to cows skin imports into Japan stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, China (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of China (X p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported raw hides and skins of bovine animals in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

In Japan, cows skin imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform