Updated Nov 5, 2022 19:39

Market for Cattle Hide And Skin in Israel

Market Overview
In , the Israeli cattle hide and skin market decreased by -% to $, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a noticeable downturn. Cattle hide and skin consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.

In value terms, cattle hide and skin production soared to $ in estimated in export price. In general, production showed a noticeable decline. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Cattle hide and skin production peaked at $ in 2015; however, from 2016 to , production failed to regain momentum.

In , the average yield of raw hides and skins of cattle in Israel reduced slightly to kg per head, approximately equating the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of %. Over the period under review, the average cattle hide and skin yield reached the maximum level at kg per head in 2013; however, from 2014 to , the yield stood at a somewhat lower figure.

In , approx. heads of animals slaughtered for cattle hide and skin production in Israel; remaining relatively unchanged against the previous year's figure. This number increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of %. The number of animals slaughtered for cattle hide and skin production peaked at heads in , and then declined in the following year.


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, however, recorded a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at tons in ; however, from to , consumption remained at a lower figure.

The size of the cattle hide and skin market in Israel dropped slightly to $ in , shrinking 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 recorded a noticeable decrease. Cattle hide and skin consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.


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
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
Israel 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.