Raw bovine and equine hides and skins market in Oceania

Earlier Report Observations

From 2018 to 2023, the market volume for raw bovine and equine hides and skins in Oceania showed significant fluctuations. It grew from 180 thousand tons in 2018 to 204 thousand tons in 2019, then contracted over the next three years, reaching a low of 133 thousand tons in 2022. This was followed by a rebound to 168 thousand tons in 2023. Production followed a similar pattern, peaking in 2019 at 357 thousand tons before declining and recovering to 337 thousand tons in 2023.

In 2024, the market continued to be shaped by several key factors. Environmental regulations in Australia affecting the curing and tanning processes imposed compliance costs and pushed the industry toward sustainable methods. Global supply chain disruptions and trade restrictions influenced price developments and market access. Additionally, shifting consumer preferences toward environmentally friendly leather products drove changes in product segments and consumption patterns. These factors, along with economic improvements and digitalization aimed at enhancing supply chain resilience, defined the market's adaptation in 2024, as reflected in rising export volumes to 204 thousand tons and reduced imports.

Production raw bovine and equine hides and skins in Oceania

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

Oceania's production of raw bovine and equine hides and skins declined after two years of growth. In 2020, the region produced 322.5 thousand tons, marking a gradual year-over-year decrease of 9.6%. Over the 2017-2020 period, production increased by 4.8%, with a compound annual growth rate of 1.6%. The highest production level was recorded in 2019 at 356.8 thousand tons, while the largest annual increase occurred in 2018 at 10.0%.

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

Exports raw bovine and equine hides and skins from Oceania

Exports in kind, K t

Following a two-year decline, Oceania's exports of raw bovine and equine hides and skins increased. In 2020, export volume reached 160.8 thousand tons, showing a modest 2.4% rise compared to the previous year. Between 2017 and 2020, exports decreased by 8.8%, equivalent to an annualized decline of 3.0%. The lowest export volume was recorded in 2019 at 157.0 thousand tons, with the largest annual drop occurring in 2018 at 9.4%.

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

From 2017 to 2020, China remained the dominant buyer of raw bovine and equine hides and skins from Oceania, accounting for 82.1% of total export volume. The remaining exports were distributed among numerous other countries.

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

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

Exports in value, M $ US

Oceania's export value of raw bovine and equine hides and skins declined for the third consecutive year. In 2020, exports amounted to 162.2 million US dollars, representing a substantial 24.9% decrease compared to 2019. Between 2017 and 2020, export value fell by 56.2%, equating to an annualized decline of 24.1%.

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

During the 2017-2020 period, China was the primary buyer of raw bovine and equine hides and skins from Oceania in value terms, capturing 81.4% of total export value. The remainder was distributed among a diverse group of other countries.

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

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

Imports raw bovine and equine hides and skins to Oceania

Imports in kind, K t

The data reveals irregular changes, indicating a volatile market environment. Import volumes varied significantly, with the lowest point in 2018 at 1.3 thousand tons and the peak in 2019 at 4.2 thousand tons, representing a 3.2-fold difference between these years. In 2020, Oceania's imports of raw bovine and equine hides and skins amounted to 1.4 thousand tons, down 66.7% compared to the previous year. The largest annual increase occurred in 2019 at 224.5%.

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

Throughout 2017-2020, China remained the principal supplier of raw bovine and equine hides and skins to Oceania, accounting for 33.8% of total import volume.

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

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

Imports in value, M $ US

In 2020, Oceania's import value of raw bovine and equine hides and skins amounted to 3.2 million US dollars, representing a modest 2.5% decline relative to the prior year. The highest import value was recorded in 2019 at 3.3 million US dollars, with the largest annual increase occurring that same year at 2.1%.

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

From 2017 to 2020, China played the leading role in Oceania's imports of raw bovine and equine hides and skins in value terms, with a 27.3% share of total import flows.

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

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