Updated Nov 5, 2022 19:35

Market for Cattle Hide And Skin in France

Market Overview
In , the French cattle hide and skin market decreased by -% to $ for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a noticeable decrease. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption remained at a lower figure.

In value terms, cattle hide and skin production rose rapidly to $ in estimated in export price. In general, production, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2011 when the production volume increased by % against the previous year. Cattle hide and skin production peaked at $ in 2014; however, from 2015 to , production remained at a lower figure.

In , the average cattle hide and skin yield in France contracted modestly to kg per head, therefore, remained relatively stable against the previous year's figure. Overall, the yield showed a perceptible decline. The most prominent rate of growth was recorded in 2010 when the yield increased by %. As a result, the yield attained the peak level of kg per head. From 2011 to , the growth of the average cattle hide and skin yield failed to regain momentum.

In , the number of animals slaughtered for cattle hide and skin production in France amounted to heads, remaining constant against the previous year. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the number of producing animals increased by %. Over the period under review, this number attained the peak level at heads in 2011; however, from 2012 to , producing animals remained at a lower figure.


Consumption
In , consumption of raw hides and skins of cattle decreased by -% to tons, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a pronounced decline. Over the period under review, consumption hit record highs at tons in 2010; however, from 2011 to , consumption remained at a lower figure.

The value of the cattle hide and skin market in France dropped to $ in , waning 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 showed a noticeable downturn. Over the period under review, the market reached the peak level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for cattle hide and skin in France, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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
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
France remains a net exporter of cattle hide and skin; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.