Overview of the Market for Cattle Hide And Skin in Armenia
In value terms, cattle hide and skin production dropped remarkably to $ in estimated in export prices. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2011 when the production volume increased by % year-to-year. Over the period under review, production attained the maximum level at $ in 2017; however, from 2018 to , production failed to regain the momentum.
In , the average yield of raw hides and skins of cattle in Armenia was estimated at kg per head, remaining relatively unchanged against the previous year's figure. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of % against the previous year. The cattle hide and skin yield peaked in and is expected to retain growth in the near future.
In , approx. heads of animals slaughtered for cattle hide and skin production in Armenia; picking up by % compared with the year before. This number increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. The number of animals slaughtered for cattle hide and skin production peaked at heads in 2016; however, from 2017 to , producing animals failed to regain the momentum.
The value of the cattle hide and skin market in Armenia shrank dramatically to $ in , which is down 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, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2017 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. from 2018 to , the growth of the market remained at a somewhat lower figure.