Hide trade peaks before quarterly slowdown
Tanzania's hides and skins industry experienced a 23.5% decline in production value during the first quarter of the year, primarily due to a drop in cattle hide output. While cattle hides remain the dominant sector, regional production patterns show shifting contributions across the country.
Why it matters
The data provides insight into the volatility of Tanzania's livestock-dependent export economy and regional economic performance.
DAR ES SALAAM: HIDES and skins industry slowed in the first quarter this year with production value falling 23.5 per cent from December as lower cattle hide output reversed strong year-end growth.
The latest Bank of Tanzania (BoT) Consolidated Zonal Economic Performance Report shows that the total value of hides and skins production declined to 2.77bn/- in March this year from 3.61bn/- three months earlier, a 23.5 per cent contraction.
Even so, the industry remained below the December peak but closes to the 3.05bn/- recorded in March last year.
According to the BoT Report, the slowdown was driven primarily by cattle hides, which account for the bulk of the industry’s earnings. Production fell to 389,155 pieces in March this year from 647,348 pieces in December, reducing the value of cattle hides to 2.52bn/- from 3.36bn/-.
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