Overview of the Market for Bovine Hide And Skin in Italy
In value terms, bovine hide and skin production reduced markedly to $ in 2019 estimated in export prices. Over the period under review, production saw a drastic downturn. The pace of growth was the most pronounced in 2010 when the production volume increased by % against the previous year. Bovine hide and skin production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
In 2019, the average yield of raw hides and skins of cattle in Italy was estimated at kg per head, remaining stable against 2018 figures. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by % year-to-year. Over the period under review, the average bovine hide and skin yield attained the maximum level in 2019 and is expected to retain growth in the immediate term.
The number of animals slaughtered for bovine hide and skin production in Italy fell to heads in 2019, with a decrease of -% on the year before. In general, the number of producing animals continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Over the period under review, this number hit record highs at heads in 2007; however, from 2008 to 2019, producing animals stood at a somewhat lower figure.
The revenue of the bovine hide and skin market in Italy declined rapidly to $ in 2019, with a decrease of -% 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 perceptible reduction. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Bovine hide and skin consumption peaked at $ in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.