Updated Nov 5, 2022 19:54

Market for Cattle Hide And Skin in the United Arab Emirates

Market Overview
The cattle hide and skin market in the United Arab Emirates was finally on the rise to reach $ in , after five years of decline. Over the period under review, consumption showed resilient growth. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.

In value terms, cattle hide and skin production expanded to $ in estimated in export price. Over the period under review, production, however, continues to indicate a modest increase. The growth pace was the most rapid in 2009 when the production volume increased by %. Cattle hide and skin production peaked at $ in 2014; however, from 2015 to , production failed to regain momentum.

The average yield of raw hides and skins of cattle in the United Arab Emirates fell modestly to kg per head in , which is down by -% on the previous year. Over the period under review, the yield continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. The cattle hide and skin yield peaked at kg per head in 2007; however, from 2008 to , the yield failed to regain momentum.

In , approx. heads of animals slaughtered for cattle hide and skin production in the United Arab Emirates; remaining constant against figures. In general, the total number of producing animals indicated a perceptible increase from 2007 to : its figure increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, number of animals slaughtered for cattle hide and skin production decreased by -% against 2016 indices. The most prominent rate of growth was recorded in 2009 when the number of producing animals increased by % against the previous year. Over the period under review, this number hit record highs at heads in 2016; however, from 2017 to , producing animals failed to regain momentum.


Consumption
After four years of growth, consumption of raw hides and skins of cattle decreased by -% to tons in . Overall, consumption, however, saw resilient growth. Over the period under review, consumption reached the peak volume at tons in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.

The size of the cattle hide and skin market in the United Arab Emirates fell to $ in , 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, however, recorded a moderate expansion. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to , consumption remained at a lower figure.


Market Forecast
The cattle hide and skin market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 the United Arab Emirates 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
The United Arab Emirates 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.