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 increased by 1.6% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 5.8%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Angola

In value terms, goat hides and skins production expanded to $X in 2021 estimated in export price. In general, production, however, continues to indicate a drastic downturn. Goat hides and skins production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The average yield of goat or kid hides and skins in Angola was estimated at X kg per head in 2021, remaining relatively unchanged against 2020 figures. In general, the yield recorded a relatively flat trend pattern. The goat hides and skins yield peaked in 2021 and is likely to see gradual growth in years to come.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Angola; flattening at the year before. This number increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2018 when the number of producing animals increased by 7%. The number of animals slaughtered for goat hides and skins production peaked in 2021 and is expected to retain growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports from Angola

In 2017, shipments abroad of goat or kid hides and skins decreased by 0% to X tons, falling for the second consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are expected to retain growth in the near future.

In value terms, goat hides and skins exports totaled $X in 2017. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2017 and are expected to retain 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 growth rate 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, stabilizing at the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2017, the export prices remained at a 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 96% to X kg, rising for the second year in a row after two years of decline. In general, imports recorded mild growth. The pace of growth appeared the most rapid in 2020 when imports increased by 475% against the previous year. Imports peaked at X kg in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports soared to $X in 2021. Overall, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 323% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, 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 rate of growth in terms of volume from Namibia amounted to +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 ($X) constituted the largest supplier of goat or kid hides and skins to Angola, comprising 82% of total imports. The second position in the ranking was held by Portugal ($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 rate of growth in terms of value from Namibia totaled +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

In 2021, the average goat hides and skins import price amounted to $X per ton, which is down by -10.8% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.9% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 South Africa ($X per ton), while the price for China ($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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