Norway: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Norway

In 2023, the Norwegian cattle hide and skin market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a noticeable descent. Cattle hide and skin consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Raw Hides And Skins of Cattle in Norway

In value terms, cattle hide and skin production expanded remarkably to $X in 2023 estimated in export price. Overall, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

In 2023, the average yield of raw hides and skins of cattle in Norway skyrocketed to X kg per head, increasing by X% against 2022 figures. In general, the yield recorded a relatively flat trend pattern. The cattle hide and skin yield peaked at X kg per head in 2021; however, from 2022 to 2023, the yield failed to regain momentum.

In 2023, the number of animals slaughtered for cattle hide and skin production in Norway contracted slightly to X heads, which is down by X% on 2022. In general, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the amount of animals produced reached the peak level of X heads. From 2019 to 2023, the growth of this number remained at a lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Norway

In 2023, cattle hide and skin exports from Norway soared to X tons, jumping by X% on the previous year. In general, total exports indicated a prominent expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, cattle hide and skin exports rose rapidly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for cattle hide and skin exports from Norway, with a X% share of total exports. Moreover, cattle hide and skin exports to Italy exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and China (X% per year).

In value terms, Italy ($X) remains the key foreign market for raw hides and skins of cattle exports from Norway, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and China (X% per year).

Export Prices by Country

The average cattle hide and skin export price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Imports of Raw Hides And Skins of Cattle

Imports into Norway

For the third year in a row, Norway recorded growth in supplies from abroad of raw hides and skins of cattle, which increased by X% to X tons in 2023. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in years to come.

In value terms, cattle hide and skin imports surged to $X in 2023. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Sweden (X tons) was the main cattle hide and skin supplier to Norway, with a approx. X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from Sweden stood at X%.

In value terms, Sweden ($X) constituted the largest supplier of raw hides and skins of cattle to Norway.

From 2012 to 2023, the average annual growth rate of value from Sweden totaled X%.

Import Prices by Country

In 2023, the average cattle hide and skin import price amounted to $X per ton, falling by X% against the previous year. In general, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Sweden.

From 2012 to 2023, the rate of growth in terms of prices for Sweden amounted to X% per year.

Source: IndexBox Platform