Market research

Raw bovine and equine hides and skins market in Faroe Islands

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for raw bovine and equine hides and skins in the Faroe Islands displayed considerable instability between 2018 and 2023. After an initial drop from 9 110 kg to 7 000 kg in 2019, output rebounded to 9 670 kg the following year.

This was followed by a minor contraction to 8 960 kg in 2021, before a dramatic expansion to 14 430 kg in 2022. The surge represented a 61% year-on-year increase, marking the highest point in the period.

However, production retreated to 11 770 kg in 2023, reducing the gain from the peak but still leaving the market 29% larger than at the start of the series. Overall, the sector witnessed strong growth punctuated by sharp annual movements.

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, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Faroe Islands
  1. 5.1.1. Annual dynamics of production in Faroe Islands in kind, 2018-2023, kg
  2. 5.1.2. Annual dynamics of production in Faroe Islands 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, kg
  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, kg
  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. Trade balance
1. 6.1. Trade balance (Direct Data)
  1. 6.1.1. In kind, kg
  2. 6.1.2. In value, $ US
2. 6.2. Trade balance (Mirror Data)
  1. 6.2.1. In kind, kg
  2. 6.2.2. In value, $ US
7. Top buying and selling countries, 2018-2024
1. 7.1. Direct Data
  1. 7.1.1. Import in Value by Countries-buyers
  2. 7.1.2. Export in Value by Countries-suppliers
2. 7.2. Mirror Data
  1. 7.2.1. Import in Value by Countries-buyers
  2. 7.2.2. Export in Value by Countries-suppliers

Production raw bovine and equine hides and skins in Faroe Islands

In kind, 2017-2020, kg

Top producers of raw bovine and equine hides and skins, 2017-2020

Source: SHEV.io

World map of production of raw bovine and equine hides and skins, 2017-2020

Source: SHEV.io

In the Faroe Islands, production of raw bovine and equine hides and skins reached 9 670 kg in 2020, marking a 38.1% increase from 2019. Over the four-year period from 2017 to 2020, production grew by 32.8%, with an average annual growth rate of 9.9%. The lowest production level was recorded in 2019 at 7 000 kg, which also saw the largest decline of 23.2% compared to previous years.

Annual dynamics of production in Faroe Islands in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	25.1%	(23.2%)	38.1%	9.9%

Source: SHEV.io

Exports raw bovine and equine hides and skins from Faroe Islands

Market analysis indicates that there were no exports of raw bovine and equine hides and skins from the Faroe Islands between 2017 and 2020.

Imports raw bovine and equine hides and skins to Faroe Islands

According to market assessment data, imports of raw bovine and equine hides and skins were absent in the Faroe Islands from 2017 through 2020.

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