Angola: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Angola

In 2021, the Angolan goat hides and skins market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Angola

In value terms, goat hides and skins production rose to $X in 2021 estimated in export price. Overall, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

In 2021, the average goat hides and skins yield in Angola amounted to X kg per head, therefore, remained relatively stable against the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The goat hides and skins yield peaked in 2021 and is likely to see gradual growth in the immediate term.

The number of animals slaughtered for goat hides and skins production in Angola stood at X heads in 2021, remaining stable against the previous year. This number increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 7% against the previous year. The number of animals slaughtered for goat hides and skins production peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports from Angola

In 2017, overseas shipments of goat or kid hides and skins decreased by 0% to X tons, falling for the second year in a row after two years of decline. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are likely to see steady growth in years to come.

In value terms, goat hides and skins exports totaled $X in 2017. Over the period under review, exports saw significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are likely to continue growth in the near future.

Exports by Country

Hong Kong SAR (X tons) was the main destination for goat hides and skins exports from Angola, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Hong Kong SAR was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Hong Kong SAR was relatively modest.

Export Prices by Country

In 2017, the average goat hides and skins export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2016 a decrease of 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2017, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2013 to 2017, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Goat Or Kid Hides And Skins

Imports into Angola

In 2021, purchases abroad of goat or kid hides and skins increased by 88% to X kg, rising for the second year in a row after four years of decline. Over the period under review, imports recorded a mild increase. The growth pace was the most rapid in 2013 with an increase of 1,366% against the previous year. As a result, imports attained the peak of X kg. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, goat hides and skins imports surged to $X in 2021. In general, imports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 356%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Namibia (X kg) constituted the largest goat hides and skins supplier to Angola, with a 69% share of total imports. Moreover, goat hides and skins imports from Namibia exceeded the figures recorded by the second-largest supplier, Portugal (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Namibia stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-6.6% per year) and China (0.0% per year).

In value terms, Namibia ($X) constituted the largest supplier of goat or kid hides and skins to Angola, comprising 82% of total imports. The second position in the ranking was taken by Portugal ($X), with an 8.9% share of total imports. It was followed by South Africa, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Namibia amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-27.9% per year) and South Africa (-36.3% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, which is down by -5.9% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2017 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (-3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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