Points on cattle skin [hide] market :
Over the last 20 years, a lot of nations have turned into "meat eating nation" due to economic progress, which previously weren't. China for example one. Also in BD total number of cattle slaughtered is increasing. This is a world wide phenomenon.
Resulting in large increase in live stock production and thus creating a over supply of hides.
On the other hand hide usage for shoes and bags are decreasing. No one wants to be identified as an "animal skin user" in the west. Especially when there are better fabric alternates.
Resulting in an over supply of hides.
In USA farmers used to sell hides to dealers. While now they mostly are digging and burying those, as price fell significantly.
You can get more info on the net. I shared some few years back.