Raw bovine and equine hides and skins market in MENA

Earlier Report Observations

The market for raw bovine and equine hides and skins in the MENA region experienced a gradual decline in physical volume from 210.6 thousand tons in 2018 to 194.1 thousand tons in 2023. In value terms, the contraction was more severe, with the market falling from $233 million to $132.9 million over the same period, highlighting a significant drop in overall market value.

In the latter part of the period, import growth in key markets like Morocco indicated rising international supply, while consumer demand remained relatively flat, limiting market expansion. By 2024, broader global supply chain challenges and economic uncertainties began to influence trade dynamics, contributing to reduced import activity across the region.

Production raw bovine and equine hides and skins in MENA

In kind, 2017-2020, K t

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

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

Following a two-year decline, production of raw bovine and equine hides and skins in the MENA region rebounded. In 2020, MENA produced 227.8 thousand tonnes, marking a 2.6% increase from the previous year. However, looking at the broader period from 2017 to 2020, overall production fell by 5.9%, which translates to an average annual decline of 2.0%. The lowest production level was recorded in 2019 at 222.1 thousand tonnes, with that year also seeing the steepest drop of 6.3%.

Annual dynamics of production in MENA in kind, 2017-2020, K t

In value, 2017-2020, M $ US

MENA's production of raw bovine and equine hides and skins in value terms declined for the second year in a row. In 2020, the output was valued at 140.4 million US dollars, representing a sharp decrease of 21.7% compared to 2019. Over the 2017-2020 period, production value dropped by 43%, with a compound annual growth rate of -17.1%. The peak value occurred in 2018 at 256.3 million US dollars. The largest decline was in 2019 at 30.1%, while the biggest increase was recorded in 2018 at 4.0%.

Annual dynamics of production in MENA in value, 2017-2020, M $ US

Exports raw bovine and equine hides and skins from MENA

Exports in kind, t

In 2020, MENA's exports of raw bovine and equine hides and skins in volume totalled 35 015 tonnes, showing a significant decline of 12.1% from the previous year. From 2017 to 2020, exports decreased by 18%, with a compound annual growth rate of -6.4%. The lowest volume was in 2018 at 34 739 tonnes. The largest drop occurred in 2018 at 18.7%, whereas the biggest increase was in 2019 at 14.7%.

Annual dynamics of product's exports from MENA in kind, 2017-2020, t

From 2017 to 2020, Turkey, Italy, and Portugal were the three largest markets for MENA's exports in volume, collectively accounting for 63.2% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from MENA in kind, 2017-2020

Exports in value, K $ US

MENA's exports of raw bovine and equine hides and skins in value terms fell for the third consecutive year. In 2020, exports amounted to 21 570 thousand US dollars, indicating a sharp decline of 32.9% year-on-year. Between 2017 and 2020, export value decreased by 50.4%, equating to an annualized rate of -20.8%.

Annual dynamics of product's exports from MENA in value, 2017-2020, K $ US

During 2017-2020, Turkey, Italy, and Portugal formed the core of MENA's exports in value terms, with shares of 35.5%, 15.2%, and 10.5% respectively, together making up 61.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from MENA in value, 2017-2020

Imports raw bovine and equine hides and skins to MENA

Imports in kind, t

Market performance showed noticeable fluctuations over the period. Import levels varied significantly, with a 3.1-fold difference between the low in 2017 and the high in 2019. In 2020, MENA's imports of raw bovine and equine hides and skins stood at 9 117 tonnes, marking a reduction of 46.6% compared to 2019. The peak volume was recorded in 2019 at 17 070 tonnes, with that year also seeing the largest increase of 107.8%.

Annual dynamics of product's imports to MENA in kind, 2017-2020, t

From 2017 to 2020, imports of raw bovine and equine hides and skins to MENA in volume terms were not heavily concentrated. Slovenia, Former Sudan, and the United States were the top sources, with shares of 23.4%, 14.8%, and 6.0% respectively, but together they captured only 44.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to MENA in kind, 2017-2020

Imports in value, K $ US

After a two-year rise, MENA's imports of raw bovine and equine hides and skins in value terms declined. In 2020, imports amounted to 10 347 thousand US dollars, down by 56.9% from 2019. Over the 2017-2020 period, import value increased by 4%, with an annualized rate of 1.3%. The highest value was in 2019 at 24 000 thousand US dollars, which also saw the largest increase of 68.5%.

Annual dynamics of product's imports to MENA in value, 2017-2020, K $ US

Over 2017-2020, imports of raw bovine and equine hides and skins to MENA in value terms were widely dispersed across partner countries. Slovenia, the United States, and Former Sudan were the leading sources, with shares of 20.6%, 11.4%, and 8.9% respectively, but together they represented only 40.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to MENA in value, 2017-2020