Market research

Raw bovine and equine hides and skins market in South Korea

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for raw bovine and equine hides and skins in South Korea experienced significant fluctuations between 2018 and 2023. After reaching 171 thousand tonnes in 2019, consumption dropped sharply to 128 thousand tonnes in 2020. A partial recovery followed in 2021 and 2022, but the market declined again to 118 thousand tonnes in 2023, marking a 31% contraction from the 2019 peak.

Domestic production grew consistently from 33 thousand tonnes in 2018 to 41 thousand tonnes in 2023. In contrast, imports fell from 137 thousand tonnes in 2019 to 78 thousand tonnes in 2023. The reduction in import volumes was the primary contributor to the overall market contraction, as local output increased but could not fully offset the decline in foreign supply.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production raw bovine and equine hides and skins in South Korea

In kind, 2017-2020, t

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

Source: SHEV.io

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

Source: SHEV.io

South Korea's production of raw bovine and equine hides and skins has grown for the second year in a row. In 2020, the country produced 34 348 tonnes, marking a 1.7% increase from the previous year. Looking at the period from 2017 to 2020, overall production rose by 3.6%, which translates to an average annual growth rate of 1.2%. The lowest production level was recorded in 2018 at 32 931 tonnes, when output declined by 0.7%. In contrast, 2019 saw the strongest growth, with production climbing by 2.5%.

Annual dynamics of production in South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.7%)	2.5%	1.7%	1.2%

Source: SHEV.io

Exports raw bovine and equine hides and skins from South Korea

Exports in kind, K t

The export market for raw bovine and equine hides and skins from South Korea showed significant volatility during this period. In 2020, exports totaled 0.0 thousand tonnes, representing a complete drop of 100.0% compared to the previous year. The highest export volume was recorded in 2018 at 0.3 thousand tonnes, which also saw the largest increase of 8.8%. Overall, export levels fluctuated dramatically, with a 21 037-fold difference between the peak in 2018 and the low in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.8%	(45.7%)	(100.0%)	(96.3%)

Source: SHEV.io

From 2017 to 2020, China was consistently the primary destination for South Korea's exports of raw bovine and equine hides and skins, accounting for 88.8% of total shipments. The remaining share was distributed among various smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

Export values for raw bovine and equine hides and skins from South Korea followed an unstable trend over these years. In 2020, exports amounted to 0.0 million US dollars, reflecting a sharp decline of 99.7% from the previous year. The peak was reached in 2018 at 1.8 million US dollars, which also experienced the largest increase of 8.7%. Throughout the period, export values varied widely, with a 1 432-fold difference between the high in 2018 and the low in 2020.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.7%	(73.5%)	(99.7%)	(90.9%)

Source: SHEV.io

During the 2017–2020 period, China clearly dominated as the main buyer of raw bovine and equine hides and skins from South Korea in value terms, capturing 97.6% of total export revenues.

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

Source: SHEV.io

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

Source: SHEV.io

Imports raw bovine and equine hides and skins to South Korea

Imports in kind, K t

South Korea's imports of raw bovine and equine hides and skins totaled 93.4 thousand tonnes in 2020, showing a sharp contraction of 32.0% compared to the previous year. Over the 2017–2020 period, imports decreased by 29.1%, with a compound annual growth rate of -10.8%. The highest import volume was recorded in 2019 at 137.4 thousand tonnes, which also saw the largest increase of 5.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.0%)	5.3%	(32.0%)	(10.8%)

Source: SHEV.io

From 2017 to 2020, the United States was the dominant partner for South Korea's imports of raw bovine and equine hides and skins in volume terms, holding an 88.8% share of total flows. Other markets contributed relatively modest amounts.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, M $ US

South Korea's imports of raw bovine and equine hides and skins in value terms declined for the third consecutive year. In 2020, imports amounted to 95.3 million US dollars, which is 43.8% lower than the previous year. Between 2017 and 2020, imports fell by 68%, equating to an average annual decrease of 31.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.1%)	(26.1%)	(43.8%)	(31.6%)

Source: SHEV.io

Throughout the 2017–2020 period, the United States remained the dominant and nearly exclusive source for South Korea's imports of raw bovine and equine hides and skins in value terms, accounting for 91.0% of the total.

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

Source: SHEV.io

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

Source: SHEV.io