Overview of the Market for Bovine Hide And Skin in Israel
In value terms, bovine hide and skin production dropped to $ in 2019 estimated in export prices. Over the period under review, production recorded a mild shrinkage. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to 2019, production failed to regain the momentum.
In 2019, the average bovine hide and skin yield in Israel shrank slightly to kg per head, with a decrease of -% against the previous year. In general, the yield continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 when the yield increased by % year-to-year. Over the period under review, the average bovine hide and skin yield reached the maximum level at kg per head in 2008; however, from 2009 to 2019, the yield stood at a somewhat lower figure.
In 2019, number of animals slaughtered for bovine hide and skin production in Israel was estimated at heads, picking up by % compared with the previous year's figure. This number increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by % against the previous year. Over the period under review, this number attained the maximum level in 2019 and is expected to retain growth in years to come.
The value of the bovine hide and skin market in Israel surged to $ in 2019, jumping 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, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of % y-o-y. Bovine hide and skin consumption peaked at $ in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.