Western Africa: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Western Africa

The West African cattle hide and skin market soared to $X in 2022, rising by X% against the previous year. Over the period under review, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Raw Hides And Skins of Cattle in Western Africa

In value terms, cattle hide and skin production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Nigeria (X tons) remains the largest cattle hide and skin producing country in Western Africa, comprising approx. X% of total volume. Moreover, cattle hide and skin production in Nigeria exceeded the figures recorded by the second-largest producer, Benin (X tons), twofold. The third position in this ranking was held by Guinea (X tons), with a X% share.

In Nigeria, cattle hide and skin production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Benin (X% per year) and Guinea (X% per year).

In 2022, the average cattle hide and skin yield in Western Africa was estimated at X kg per head, increasing by X% on 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of yield peaked in 2022 and is likely to see steady growth in the immediate term.

In 2022, number of animals slaughtered for cattle hide and skin production in Western Africa shrank slightly to X heads, remaining constant against 2021. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by X%. Over the period under review, this number attained the maximum level at X heads in 2021, and then dropped modestly in the following year.

Exports of Raw Hides And Skins of Cattle

Exports in Western Africa

In 2022, exports of raw hides and skins of cattle in Western Africa fell remarkably to X tons, waning by X% against 2021 figures. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted notably in the following year.

In value terms, cattle hide and skin exports declined markedly to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

In 2022, Benin (X tons) was the major exporter of raw hides and skins of cattle, comprising X% of total exports. It was distantly followed by Ghana (X tons) and Mali (X tons), together creating a X% share of total exports. Mauritania (X tons) took a minor share of total exports.

Benin 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, Ghana (X%), Mauritania (X%) and Mali (X%) displayed positive paces of growth. From 2012 to 2022, the share of Benin and Ghana increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cattle hide and skin supplying countries in Western Africa were Ghana ($X), Benin ($X) and Mali ($X), with a combined X% share of total exports.

Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 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 Ghana ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Imports of Raw Hides And Skins of Cattle

Imports in Western Africa

In 2022, approx. X tons of raw hides and skins of cattle were imported in Western Africa; picking up by X% on the previous year. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, cattle hide and skin imports soared to $X in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Nigeria was the largest importer of raw hides and skins of cattle in Western Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Ghana (X tons), constituting an X% share of total imports.

Nigeria was also the fastest-growing in terms of the raw hides and skins of cattle imports, with a CAGR of X% from 2012 to 2022. Ghana experienced a relatively flat trend pattern. While the share of Ghana (X p.p.) and Nigeria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported raw hides and skins of cattle in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports.

In Nigeria, cattle hide and skin imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a slight slump. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Source: IndexBox Platform

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