Raw bovine and equine hides and skins market in Myanmar

Earlier Report Observations

The market for raw bovine and equine hides and skins in Myanmar showed steady growth from 2018 to 2021. Market volume increased from 13 665 tonnes in 2018 to 19 611 tonnes in 2021, representing a 43% rise over four years. This growth was primarily driven by rising domestic production, which grew from 18 787 tonnes to 20 046 tonnes over the same period. Imports, although fluctuating, accounted for only a small share of the market, while exports fell from 5 394 tonnes in 2018 to 461 tonnes in 2021, contributing to greater domestic availability.

After peaking in 2021, market volume began to contract, dropping to 19 073 tonnes in 2022 and 18 630 tonnes in 2023. This decline of 2.7% and 2.3% respectively coincided with a rise in exports, which increased to 1 300 tonnes in 2022 and 1 601 tonnes in 2023. Production remained stable at around 20 000 tonnes, peaking at 20 373 tonnes in 2022 before a slight decrease to 20 221 tonnes in 2023. Thus, increased exports led to a reduction in domestic supply.

Production raw bovine and equine hides and skins in Myanmar

In kind, 2017-2020, 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

The market experienced volatility during the observed period. From 2017 to 2018, production fluctuated significantly, with a 3.5-fold difference between the peak and trough. In 2019, output increased by 2.6%, reaching its highest point. However, 2018 saw the largest decline of 71.3%, with production dropping to 18,787 tonnes—the lowest level recorded. By 2020, Myanmar produced 19,708 tonnes of raw bovine and equine hides and skins, representing a modest 2.3% increase compared to 2019.

Annual dynamics of production in Myanmar in kind, 2017-2020, t

In value, 2017-2020, K $ US

The market showed an unstable trend over the timeframe. Production value reached its highest point in 2017 and fell to its lowest in 2019, with a 4.6-fold gap between these years. In 2018, the value declined sharply by 71.2%. By 2020, output of raw bovine and equine hides and skins in Myanmar was valued at 9,276 thousand US dollars, up 1.8% year-over-year from the 2019 minimum of 9,115 thousand US dollars.

Annual dynamics of production in Myanmar in value, 2017-2020, K $ US

Exports raw bovine and equine hides and skins from Myanmar

Exports in kind, t

Myanmar's exports of raw bovine and equine hides and skins declined for the third consecutive year. In 2020, export volumes amounted to 725 tonnes, marking a sharp 69.0% decrease compared to the previous year. Between 2017 and 2020, exports fell by 93.2%, equivalent to an annualized decline rate of 59.2%.

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

From 2017 to 2020, Singapore (36.3% of exports in kind), China (30.7%), and Thailand (11.8%) were the main markets for Myanmar's raw bovine and equine hides and skins exports. Together, these three countries accounted for 78.8% of total export flows.

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

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

Exports in value, K $ US

Myanmar's exports of raw bovine and equine hides and skins declined for the third year in a row. In 2020, export value reached 341 thousand US dollars, down 69.1% from the previous year. Between 2017 and 2020, exports decreased by 95%, translating to an annualized decline rate of 63.3%.

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

During 2017–2020, Singapore (34.1% of exports in value terms), China (33.3%), and Thailand (12.5%) remained the principal buyers of raw bovine and equine hides and skins from Myanmar. Collectively, these markets represented 79.9% of total export value.

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

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

Imports raw bovine and equine hides and skins to Myanmar

Imports in kind, t

The import market displayed an unstable trend throughout the period. Volumes reached their minimum in 2017 and peaked in 2019, showing a 26-fold increase between these years. In 2018, imports surged by 1,498.7%—the largest increase recorded. By 2020, Myanmar imported 98 tonnes of raw bovine and equine hides and skins, marking an abrupt 77.5% decrease year-over-year from the 2019 maximum of 436 tonnes.

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

Throughout 2017–2020, Cambodia (30.7% of imports in kind), India (24.7%), and Asia, not elsewhere specified (14.4%) were the main sources for Myanmar's imports of raw bovine and equine hides and skins. Together, these markets accounted for 69.7% of total import flows.

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

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

Imports in value, K $ US

The import market exhibited volatility over the timeframe. Value hit its lowest point in 2017 and peaked in 2019, with a 33-fold swing between these years. In 2018, import value increased dramatically by 1,789.5%—the largest rise recorded. By 2020, Myanmar imported approximately 36 thousand US dollars of raw bovine and equine hides and skins, constituting a steep 90.8% decrease compared to the previous year from the 2019 maximum of 390 thousand US dollars.

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

From 2017 to 2020, Cambodia (25.0% of imports in value terms), China (20.7%), and India (16.6%) formed the core group of markets for Myanmar's imports of raw bovine and equine hides and skins. Collectively, these three countries represented 62.3% of total import flows.

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

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