Latin America and the Caribbean: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Latin America and the Caribbean

The Latin American cattle hide and skin market shrank modestly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, saw a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Raw Hides And Skins of Cattle in Latin America and the Caribbean

In value terms, cattle hide and skin production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Argentina (X tons) and Mexico (X tons), together accounting for X% of total production. Colombia, Paraguay, Uruguay, Venezuela, Bolivia and Ecuador lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average cattle hide and skin yield contracted modestly to X kg per head in 2022, approximately mirroring the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. 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 2021, and then dropped in the following year.

In 2022, approx. X heads of animals slaughtered for cattle hide and skin production in Latin America and the Caribbean; remaining relatively unchanged against the year before. Overall, the number of producing animals, however, saw a slight decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the amount of producing animals reached the peak level of X heads. From 2014 to 2022, the growth of this number remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports in Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in overseas shipments of raw hides and skins of cattle, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, cattle hide and skin exports rose markedly to $X in 2022. In general, exports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Argentina (X tons) was the largest exporter of raw hides and skins of cattle, mixing up X% of total exports. Uruguay (X tons) ranks second in terms of the total exports with an X% share, followed by Venezuela (X%), Brazil (X%), Costa Rica (X%) and Chile (X%). The following exporters - Nicaragua (X tons), Colombia (X tons), Guatemala (X tons), the Dominican Republic (X tons) and Bolivia (X tons) - together made up X% of total exports.

Argentina was also the fastest-growing in terms of the raw hides and skins of cattle exports, with a CAGR of X% from 2012 to 2022. At the same time, Bolivia (X%), Chile (X%), Brazil (X%), Uruguay (X%), Costa Rica (X%), Nicaragua (X%) and the Dominican Republic (X%) displayed positive paces of growth. By contrast, Venezuela (X%), Colombia (X%) and Guatemala (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.), Uruguay (X p.p.), Brazil (X p.p.), Chile (X p.p.) and Bolivia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Dominican Republic (X p.p.), Nicaragua (X p.p.), Guatemala (X p.p.), Colombia (X p.p.) and Venezuela (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest cattle hide and skin supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

In Argentina, cattle hide and skin exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uruguay (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a abrupt slump. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Colombia ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced a decline in the export price figures.

Imports of Raw Hides And Skins of Cattle

Imports in Latin America and the Caribbean

In 2022, purchases abroad of raw hides and skins of cattle increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cattle hide and skin imports expanded markedly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the major importer of raw hides and skins of cattle, making up X% of total imports. Mexico (X tons) held the second position in the ranking, followed by Colombia (X tons). All these countries together took near X% share of total imports. Uruguay (X tons), El Salvador (X tons) and Paraguay (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Paraguay (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Uruguay (X%), El Salvador (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Colombia (X p.p.) and Paraguay (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported raw hides and skins of cattle in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Mexico, cattle hide and skin imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, leveling off at the previous year. In general, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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