Market for Cattle Hide And Skin in Argentina
Market Overview
In 
, the Argentinian cattle hide and skin market decreased by -% to $, falling for the third year in a row after two years of growth. Overall, consumption saw a deep downturn. Cattle hide and skin consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, cattle hide and skin production surged to $ in estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Cattle hide and skin production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
In, the average yield of raw hides and skins of cattle in Argentina contracted slightly to kg per head, remaining relatively unchanged against the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the yield increased by %. Over the period under review, the average cattle hide and skin yield reached the maximum level at kg per head in 2011; however, from 2012 to , the yield stood at a somewhat lower figure.
In, approx. heads of animals slaughtered for cattle hide and skin production in Argentina; flattening at figures. Over the period under review, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of %. The number of animals slaughtered for cattle hide and skin production peaked at heads in 2009; however, from 2010 to , producing animals failed to regain momentum.
, the Argentinian cattle hide and skin market decreased by -% to $, falling for the third year in a row after two years of growth. Overall, consumption saw a deep downturn. Cattle hide and skin consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, cattle hide and skin production surged to $
in estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. Cattle hide and skin production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.In
, the average yield of raw hides and skins of cattle in Argentina contracted slightly to kg per head, remaining relatively unchanged against the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the yield increased by %. Over the period under review, the average cattle hide and skin yield reached the maximum level at kg per head in 2011; however, from 2012 to , the yield stood at a somewhat lower figure.In
, approx. heads of animals slaughtered for cattle hide and skin production in Argentina; flattening at figures. Over the period under review, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of %. The number of animals slaughtered for cattle hide and skin production peaked at heads in 2009; however, from 2010 to , producing animals failed to regain momentum.Consumption
In , consumption of raw hides and skins of cattle decreased by -% to tons, falling for the third consecutive year after three years of growth. Over the period under review, consumption recorded a mild shrinkage. Cattle hide and skin consumption peaked at tons in 2009; however, from 2010 to , consumption failed to regain momentum.
The value of the cattle hide and skin market in Argentina fell 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). Overall, consumption continues to indicate a deep slump. Cattle hide and skin consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, consumption of raw hides and skins of cattle decreased by -% to tons, falling for the third consecutive year after three years of growth. Over the period under review, consumption recorded a mild shrinkage. Cattle hide and skin consumption peaked at tons in 2009; however, from 2010 to , consumption failed to regain momentum.The value of the cattle hide and skin market in Argentina fell 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). Overall, consumption continues to indicate a deep slump. Cattle hide and skin consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for cattle hide and skin in Argentina, the market is expected to continue its downward consumption trend over the next eight-year period. 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 .
% 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
Over the period under review, imports of cattle hide and skin in Argentina were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for cattle hide and skin.
Trade Balance
Argentina 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.
. 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.
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