Updated Nov 5, 2022 19:29

Market for Cattle Hide And Skin in Belgium

Market Overview
In , the Belgian cattle hide and skin market decreased by -% to $, falling for the fifth consecutive year after two years of growth. Overall, consumption continues to indicate a pronounced setback. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.

In value terms, cattle hide and skin production rose notably to $ in estimated in export price. In general, production showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Over the period under review, production reached the peak level at $ in 2014; however, from 2015 to , production failed to regain momentum.

In , the average yield of raw hides and skins of cattle in Belgium dropped to kg per head, reducing by -% on the previous year. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by % against the previous year. As a result, the yield reached the peak level of kg per head. From 2018 to , the growth of the average cattle hide and skin yield remained at a lower figure.

The number of animals slaughtered for cattle hide and skin production in Belgium expanded modestly to heads in , picking up by % on . Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the number of producing animals increased by %. The number of animals slaughtered for cattle hide and skin production peaked at heads in 2017; however, from 2018 to , producing animals failed to regain momentum.


Consumption
Cattle hide and skin consumption in Belgium shrank to tons in , declining by -% compared with the previous year's figure. In general, consumption continues to indicate a noticeable decline. Cattle hide and skin consumption peaked at tons in 2008; however, from 2009 to , consumption remained at a lower figure.

The size of the cattle hide and skin market in Belgium contracted to $ in , declining 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 pronounced setback. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for cattle hide and skin in Belgium, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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
Cattle hide and skin market in Belgium consists almost entirely of imported products. 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
Belgium 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.