Raw bovine and equine hides and skins market in South-eastern Asia

Earlier Report Observations

The market for raw bovine and equine hides and skins in South-eastern Asia showed significant volatility from 2018 to 2023. The initial peak of 337.2 thousand tons in 2018 coincided with rapid consumption growth in the Asia-Pacific region, driven by demand in Cambodia, Japan, and Thailand, while China cemented its leadership in production and consumption.

After a sharp contraction to 267.9 thousand tons in 2019, the market gradually recovered, reaching 322.7 thousand tons by 2022. The indirect impact of the COVID-19 pandemic on supply chains in 2020 did not disrupt steady demand in key countries, allowing the market to stabilize. By 2022, the market had recovered from previous declines, supported by a slight rebound in regional consumption and production.

In 2023, market volume dipped to 308.8 thousand tons, while production continued to grow, reaching 209.1 thousand tons. For 2024, import volumes rose to 104.9 thousand tons, with exports at 4.4 thousand tons, as regional factors pointed to increased consumption and production in the Asia-Pacific hide and skin market.

Production raw bovine and equine hides and skins in South-eastern Asia

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

In South-eastern Asia, production of raw bovine and equine hides and skins reached 190.1 thousand tonnes in 2020, representing a 4.8% decrease from 2019. Over the 2017-2020 period, production fell by 22.2%, with an average annual decline of 8.0%. The most significant drop occurred in 2018 at 19.5%, while 2019 saw a modest increase of 1.5%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of raw bovine and equine hides and skins production in South-eastern Asia was 216.1 million US dollars in 2020, down 10.0% from the previous year. From 2017 to 2020, production value decreased by 16.9%, with an average annual decline of 6.0%. The largest decrease was recorded in 2018 at 16.0%, whereas 2019 experienced a notable increase of 9.9%.

Annual dynamics of production in South-eastern Asia in value, 2017-2020, M $ US

Exports raw bovine and equine hides and skins from South-eastern Asia

Exports in kind, K t

Exports of raw bovine and equine hides and skins from South-eastern Asia declined for the third consecutive year. In 2020, exports totaled 4.4 thousand tonnes, marking a significant 12.0% decrease compared to the prior year. Between 2017 and 2020, exports fell by 68.4%, equating to an average annual decline of 31.9%.

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

From 2017 to 2020, China, Japan, and India were consistently the main destinations for exports in kind, accounting for 18.5%, 14.9%, and 6.6% of total exports, respectively. Together, these three countries represented 40.0% of all export flows.

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

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, M $ US

Cross-border shipments of raw bovine and equine hides and skins from South-eastern Asia declined for the third year in a row. In 2020, exports were valued at 5.0 million US dollars, reflecting a significant 16.8% year-on-year decrease. Over the 2017-2020 period, export value dropped by 66.2%, with an average annual decline of 30.4%.

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

The market base for exports in value terms was broad from 2017 to 2020. China, Japan, and India accounted for 20.4%, 17.4%, and 4.3% of total export value, respectively, collectively representing 42.1% of all flows. The remaining 57.9% was distributed among numerous other countries.

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

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports raw bovine and equine hides and skins to South-eastern Asia

Imports in kind, K t

South-eastern Asia imported 88.0 thousand tonnes of raw bovine and equine hides and skins in 2020, showing a solid 20.4% increase from 2019. Over the 2017-2020 period, imports decreased by 23.6%, with an average annual decline of 8.6%. The lowest import volume was recorded in 2019 at 73.0 thousand tonnes, while the highest was in 2018 at 148.8 thousand tonnes. The largest decline occurred in 2019 at 50.9%, and the largest increase was in 2018 at 29.2%.

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

From 2017 to 2020, the United States, Australia, and Italy were consistently the main sources for imports in kind, accounting for 47.2%, 11.9%, and 6.0% of total imports, respectively. Together, these three countries made up 65.1% of all import flows.

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

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, M $ US

Imports of raw bovine and equine hides and skins into South-eastern Asia declined for the third consecutive year. In 2020, imports totaled 74.0 million US dollars, down 4.3% year-on-year. Between 2017 and 2020, import value decreased by 69.3%, equating to an average annual decline of 32.5%.

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

From 2017 to 2020, the United States, Australia, and Italy formed the main group of sources for imports in value terms, accounting for 55.5%, 12.6%, and 4.0% of total import value, respectively. Their combined share was 72.2% of all flows.

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

World map of product's imports to South-eastern Asia in value, 2017-2020