Market research

Raw bovine and equine hides and skins market in Belize

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market for raw bovine and equine hides in Belize experienced significant changes between 2018 and 2023. Initially, domestic availability rose as export demand weakened. Production fell from 207 t in 2018 to 184 t in 2020, while exports collapsed from 46 t to nearly zero, leaving more hides inside the country. This coincided with a broader downturn in the global leather sector, where falling prices for raw leather and competition from Chinese footwear imports reduced the profitability of hide exports.

After 2020, production recovered steadily, reaching 220 t by 2023. Exports also rebounded, climbing to 67 t in 2023. As a result, the volume of hides remaining on the domestic market fluctuated, finishing at 153 t in 2023. The later years saw production and export trends stabilize, with the market adjusting to higher external sales.

In 2024, regional reports from Latin America indicated stronger beef and leather exports, driven by climate adaptation, digital tools, and sustainable practices. These developments highlight the ongoing importance of external demand for raw hides in the region.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Belize
  1. 5.1.1. Annual dynamics of production in Belize in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Belize in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, kg
    2. 6.1.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, kg
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's exports from Belize in kind, 2018-2025, kg
    2. 6.2.2.2. Dynamics of product's exports in kind from Belize by countries, 2018-2025, kg
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Belize in value, 2018-2025, $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Belize by countries, 2018-2025, $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Belize, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Belize by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, kg
    2. 7.1.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, kg
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, kg
    1. 7.2.2.1. Annual dynamics of product's imports to Belize in kind, 2018-2025, kg
    2. 7.2.2.2. Dynamics of product's imports in kind to Belize by countries, 2018-2025, kg
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Belize in value, 2018-2025, $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Belize by countries, 2018-2025, $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Belize, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Belize by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production raw bovine and equine hides and skins in Belize

In kind, 2018-2021, t

Top producers of raw bovine and equine hides and skins, 2018-2021

Source: SHEV.io

World map of production of raw bovine and equine hides and skins, 2018-2021

Source: SHEV.io

After two consecutive years of decline, production of raw bovine and equine hides and skins in Belize rebounded in 2021. That year, Belize produced 193.1 tonnes, marking a 5.2% increase compared to 2020. Looking at the broader period from 2018 to 2021, overall production decreased by 6.9%, which translates to an average annual decline of 2.4%. The lowest production level was recorded in 2020 at 183.6 tonnes, when output fell by 9.5%—the steepest drop during this timeframe.

Annual dynamics of production in Belize in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.2%)	(9.5%)	5.2%	(2.4%)

Source: SHEV.io

Exports raw bovine and equine hides and skins from Belize

Exports in kind, kg

The export market for raw bovine and equine hides and skins from Belize exhibited significant volatility in recent years. Import levels fluctuated dramatically, with a 7.1-fold difference between the peak in 2018 and the low point in 2019. In 2021, Belize exported 30 260 kg of these products, representing a sharp decline of 85.9% compared to the previous year.

Annual dynamics of product's exports from Belize in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	(85.9%)	n/a	n/a	(13.0%)

Source: SHEV.io

From 2018 to 2021, Guatemala was the exclusive destination for all exports of raw bovine and equine hides and skins from Belize, accounting for 100.0% of total export volumes. This made Guatemala the overwhelmingly dominant market during this period.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Belize in kind, 2018-2021

Source: SHEV.io

Exports in value, $ US

The export market in value terms also showed considerable volatility over the observed period. It reached its highest point in 2018 and its lowest in 2019, with an 8-fold gap between these years. In 2021, the value of exported raw bovine and equine hides and skins from Belize totaled 2 270 US dollars, reflecting a sharp decrease of 87.5% from the year before.

Annual dynamics of product's exports from Belize in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(87.5%)	n/a	n/a	(31.3%)

Source: SHEV.io

Between 2018 and 2021, Guatemala effectively monopolized the export market in value terms for raw bovine and equine hides and skins from Belize, capturing 100.0% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Belize in value, 2018-2021

Source: SHEV.io

Imports raw bovine and equine hides and skins to Belize

Imports in kind, kg

In 2019, Belize imported approximately 17 kg of raw bovine and equine hides and skins, which represented a sharp decline of 52.4% compared to the previous year.

Annual dynamics of product's imports to Belize in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	(52.4%)	n/a	n/a	-

Source: SHEV.io

Throughout the 2018–2021 period, the United States dominated Belize's import structure in volume terms, holding a 100.0% share of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Belize in kind, 2018-2021

Source: SHEV.io

Imports in value, $ US

In 2019, the value of raw bovine and equine hides and skins imported by Belize amounted to 36 US dollars, indicating a decrease of 58.0% compared to the previous year.

Annual dynamics of product's imports to Belize in value, 2018-2021, $ US