India: Cows Skin Market 2024

Cows Skin Market Size in India

The Indian cows skin market dropped slightly to $X in 2023, flattening at the previous year. In general, consumption continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Cows Skin Production in India

In value terms, cows skin production dropped to $X in 2023 estimated in export price. In general, production showed a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Cows Skin Exports

Exports from India

After two years of growth, overseas shipments of raw hides and skins of bovine animals decreased by X% to X tons in 2023. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, cows skin exports soared to $X in 2023. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for cows skin exports from India, accounting for a X% share of total exports. Moreover, cows skin exports to France exceeded the volume sent to the second major destination, the United States (X tons), fivefold.

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

In value terms, France ($X) remains the key foreign market for raw hides and skins of bovine animals exports from India, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Nepal (X% per year).

Export Prices by Country

The average cows skin export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 Nepal (X%), while the prices for the other major destinations experienced a decline.

Cows Skin Imports

Imports into India

In 2023, after two years of growth, there was significant decline in purchases abroad of raw hides and skins of bovine animals, when their volume decreased by X% to X tons. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, cows skin imports fell dramatically to $X in 2023. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Saudi Arabia (X tons) constituted the largest cows skin supplier to India, accounting for a X% share of total imports. Moreover, cows skin imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Yemen (X tons), threefold. Myanmar (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Yemen (X% per year) and Myanmar (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of raw hides and skins of bovine animals to India, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Saudi Arabia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Poland (X% per year).

Import Prices by Country

In 2023, the average cows skin import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while the price for Yemen ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform