Singapore: Market for Raw Hides And Skins of Cattle 2024

Market Size for Raw Hides And Skins of Cattle in Singapore

In 2023, the Singaporean cattle hide and skin market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption recorded moderate growth. Cattle hide and skin consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Production of Raw Hides And Skins of Cattle in Singapore

In value terms, cattle hide and skin production declined to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

The average yield of raw hides and skins of cattle in Singapore surged to X tons per head in 2023, picking up by X% against 2022. Over the period under review, the yield, however, saw a slight downturn. The cattle hide and skin yield peaked at X tons per head in 2021; however, from 2022 to 2023, the yield remained at a lower figure.

In 2023, approx. X head of animals slaughtered for cattle hide and skin production in Singapore; approximately reflecting 2022. In general, the number of producing animals, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2016 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at X head in 2012; however, from 2013 to 2023, producing animals stood at a somewhat lower figure.

Exports of Raw Hides And Skins of Cattle

Exports from Singapore

Cattle hide and skin exports from Singapore surged to X tons in 2023, picking up by X% compared with 2022. Overall, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, cattle hide and skin exports expanded remarkably to $X in 2023. In general, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for cattle hide and skin exports from Singapore, with a X% share of total exports. Moreover, cattle hide and skin exports to China exceeded the volume sent to the second major destination, India (X tons), fivefold. France (X kg) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2023, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and India (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. Over the period under review, the export price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Malaysia ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Raw Hides And Skins of Cattle

Imports into Singapore

In 2023, purchases abroad of raw hides and skins of cattle decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, cattle hide and skin imports soared to $X in 2023. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), the UK (X tons) and Australia (X tons) were the main suppliers of cattle hide and skin imports to Singapore, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of raw hides and skins of cattle to Singapore, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Malaysia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2023, the average cattle hide and skin import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price showed a strong expansion. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform