Overview of the Market for Bovine Hide And Skin in Angola
In value terms, bovine hide and skin production shrank modestly to $ in 2019 estimated in export prices. In general, production continues to indicate a mild curtailment. The growth pace was the most rapid in 2012 when the production volume increased by % against the previous year. Bovine hide and skin production peaked at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
In 2019, the average bovine hide and skin yield in Angola fell slightly to kg per head, remaining stable against the previous year. In general, the yield recorded a relatively flat trend pattern. The bovine hide and skin yield peaked at kg per head in 2007; however, from 2008 to 2019, the yield remained at a lower figure.
In 2019, number of animals slaughtered for bovine hide and skin production in Angola was estimated at heads, picking up by % against the year before. This number increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Over the period under review, this number hit record highs in 2019 and is likely to see steady growth in years to come.
The value of the bovine hide and skin market in Angola declined to $ in 2019, remaining stable 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). In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.