Updated Nov 5, 2022 19:34

Market for Cattle Hide And Skin in Denmark

Market Overview
In , the Danish cattle hide and skin market was finally on the rise to reach $ after three years of decline. Overall, consumption saw a mild increase. Over the period under review, the market reached the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.

In value terms, cattle hide and skin production stood at $ in estimated in export price. Overall, production, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Cattle hide and skin production peaked at $ in 2013; however, from 2014 to , production remained at a lower figure.

The average yield of raw hides and skins of cattle in Denmark declined to kg per head in , falling by -% on the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. The cattle hide and skin yield peaked at kg per head in , and then shrank in the following year.

In , approx. heads of animals slaughtered for cattle hide and skin production in Denmark; with an increase of % against the year before. Over the period under review, the number of producing animals, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of %. The number of animals slaughtered for cattle hide and skin production peaked at heads in 2011; however, from 2012 to , producing animals stood at a somewhat lower figure.


Consumption
In , cattle hide and skin consumption in Denmark contracted significantly to tons, dropping by -% on figures. In general, consumption, however, recorded a relatively flat trend pattern. Cattle hide and skin consumption peaked at tons in 2017; however, from 2018 to , consumption remained at a lower figure.

The size of the cattle hide and skin market in Denmark shrank rapidly to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a slight decrease. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption failed to regain momentum.


Market Forecast
The cattle hide and skin market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Cattle hide and skin market in Denmark consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Denmark remains a net importer of cattle hide and skin; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.