Updated Nov 5, 2022 19:54

Market for Cattle Hide And Skin in Turkey

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Turkish cattle hide and skin market amounted to $ in , rising 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). Overall, consumption saw measured growth. Cattle hide and skin consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.

In value terms, cattle hide and skin production stood at $ in estimated in export price. Over the period under review, production enjoyed perceptible growth. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Cattle hide and skin production peaked at $ in 2012; however, from 2013 to , production stood at a somewhat lower figure.

In , the average cattle hide and skin yield in Turkey declined to kg per head, flattening at the previous year's figure. The yield figure increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 when the yield increased by % against the previous year. The cattle hide and skin yield peaked at kg per head in , and then contracted slightly in the following year.

In , number of animals slaughtered for cattle hide and skin production in Turkey rose rapidly to heads, growing by % against figures. In general, the total number of producing animals indicated a measured expansion 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 2019 indices. The pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Over the period under review, this number reached the maximum level at heads in 2016; however, from 2017 to , producing animals remained at a lower figure.


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
For the third consecutive year, Turkey recorded growth in consumption of raw hides and skins of cattle, which increased by % to tons in . In general, consumption enjoyed resilient growth. Over the period under review, consumption reached the maximum volume in and is expected to retain growth in the immediate term.

The value of the cattle hide and skin market in Turkey reached $ in , increasing 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 showed noticeable growth. Over the period under review, the market attained the peak level at $ in 2011; however, from 2012 to , consumption failed to regain momentum.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for cattle hide and skin in Turkey, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase 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
Please note: Annual data for 2022 are preliminary and subject to revision
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Turkey domestic supply is expected to continue its growth. 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
Please note: Annual data for 2022 are preliminary and subject to revision
Turkey remains a net importer of cattle hide and skin; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.