Raw bovine and equine hides and skins market in Malaysia

Earlier Report Observations

The market volume for raw bovine and equine hides and skins in Malaysia declined from 5 716 tonnes in 2018 to 4 915 tonnes in 2023, with significant fluctuations throughout the period. The lowest point was reached in 2022 at 3 919 tonnes, representing a drop of over 30% compared to the 2018 level.

After an initial decrease in 2019, the market saw a modest recovery in 2020, followed by a sharp contraction of more than 20% in 2021. The strong rebound in 2023, with volume growing by 25% from the previous year, was driven by higher domestic production and reduced exports.

Overall, the Malaysian raw hides market experienced a net reduction in available supply over the six-year span, influenced by varying levels of production and trade activity.

Production raw bovine and equine hides and skins in Malaysia

In kind, 2018-2021, t

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

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

Malaysia's production of raw bovine and equine hides and skins has declined for the third year in a row. In 2021, the country produced 5 690 tonnes, marking an 11.0% decrease from the previous year. Looking at the period from 2018 to 2021, production fell by 21.6%, which translates to an average annual decline of 7.8%.

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

Exports raw bovine and equine hides and skins from Malaysia

Exports in kind, t

In 2021, Malaysia exported 1 448 tonnes of raw bovine and equine hides and skins, representing a 30.0% year-on-year increase. However, over the broader 2018-2021 period, exports actually decreased by 7.8%, with a compound annual growth rate of -2.7%. The lowest export volume was recorded in 2020 at 1 114 tonnes, while the peak occurred in 2019 with 2 355 tonnes. The most significant drop was in 2020, down 52.7%, whereas the largest gain was in 2019, up 50.0%.

Annual dynamics of product's exports from Malaysia in kind, 2018-2021, t

From 2018 to 2021, Indonesia was the dominant market for Malaysia's raw bovine and equine hides and skins exports, absorbing 75.7% of the total volume. The remaining exports were distributed among a variety of smaller destinations.

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

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

Exports in value, K $ US

The market experienced notable fluctuations during this period. Export values peaked in 2019 and hit their lowest point in 2021, showing a 2.3-fold difference between these years. In 2021, Malaysia's exports of raw bovine and equine hides and skins amounted to 1 243 thousand US dollars, a 13.4% decrease from 2020. The highest value was recorded in 2019 at 2 800 thousand US dollars. The most substantial decline occurred in 2020, down 48.7%, while the largest increase was in 2019, up 101.1%.

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

Between 2018 and 2021, the primary buyers of Malaysia's raw bovine and equine hides and skins in value terms were Indonesia (49.8% of exports), China (24.3%), and Singapore (17.5%). Together, these three countries accounted for 91.5% of total export value.

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

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

Imports raw bovine and equine hides and skins to Malaysia

Imports in kind, t

The import market showed volatility over the observed years. The volume varied significantly, with a 22-fold difference between the minimum in 2018 and the maximum in 2019. In 2020, Malaysia imported approximately 36 tonnes of raw bovine and equine hides and skins, a sharp decline of 93.1% compared to 2019. The highest import volume was in 2019 at 526 tonnes. The most dramatic increase occurred in 2019, soaring by 2 091.4%.

Annual dynamics of product's imports to Malaysia in kind, 2018-2021, t

From 2018 to 2021, the main sources for Malaysia's imports of raw bovine and equine hides and skins by volume were Nigeria (33.5%), Hong Kong (32.5%), and Vietnam (8.9%). Collectively, these three destinations made up 74.9% of total imports.

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

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

Imports in value, K $ US

Market behavior was characterized by volatility during these years. There was a 52-fold variation between the minimum value in 2018 and the maximum in 2019. In 2020, Malaysia's imports of raw bovine and equine hides and skins totaled 120 thousand US dollars, a 94.1% drop from the previous year. The peak value was recorded in 2019 at 2 042 thousand US dollars. The largest increase was in 2019, up 5 075.9%.

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

In the 2018-2021 period, the largest shares of Malaysia's imports by value came from Hong Kong (46.7%), Nigeria (22.3%), and Togo (9.9%). Together, these three accounted for 79.0% of total import value.

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

World map of product's imports to Malaysia in value, 2018-2021