Overview of the Market for Cattle Hide And Skin in Armenia
In value terms, cattle hide and skin production reduced to $ in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a pronounced increase. 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 hit record highs at $ in 2017; however, from 2018 to 2019, production remained at a lower figure.
In 2019, the average cattle hide and skin yield in Armenia amounted to kg per head, remaining stable against 2018 figures. The yield figure increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the yield increased by % year-to-year. The cattle hide and skin yield peaked at kg per head in 2018, and then totaled in the following year.
The number of animals slaughtered for cattle hide and skin production in Armenia shrank slightly to heads in 2019, remaining relatively unchanged against 2018. This number increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of % year-to-year. The number of animals slaughtered for cattle hide and skin production peaked at heads in 2016; however, from 2017 to 2019, producing animals failed to regain the momentum.
The revenue of the cattle hide and skin market in Armenia dropped to $ in 2019, approximately mirroring 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, posted perceptible growth. The pace of growth appeared the most rapid in 2016 when the market value increased by % against the previous year. Cattle hide and skin consumption peaked at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.