Argentina: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Argentina

In 2021, the Argentinian goat hides and skins market was finally on the rise to reach $X after seven years of decline. In general, consumption continues to indicate a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Argentina

In value terms, goat hides and skins production rose notably to $X in 2021 estimated in export price. In general, production saw a abrupt setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

The average yield of goat or kid hides and skins in Argentina was estimated at X kg per head in 2021, standing approx. at 2020 figures. In general, the yield continues to indicate a relatively flat trend pattern. Over the period under review, the average goat hides and skins yield hit record highs in 2021 and is likely to see steady growth in years to come.

The number of animals slaughtered for goat hides and skins production in Argentina reduced slightly to X heads in 2021, falling by -1.9% against 2020 figures. Over the period under review, the number of producing animals saw a perceptible setback. The pace of growth was the most pronounced in 2019 with an increase of 4.3% against the previous year. Over the period under review, this number hit record highs at X heads in 2013; however, from 2014 to 2021, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from Argentina

In 2021, overseas shipments of goat or kid hides and skins increased by 161% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a dramatic slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for goat hides and skins exports from Argentina, with a 90% share of total exports. Moreover, goat hides and skins exports to South Africa exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to South Africa amounted to +85.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.6% per year) and Spain (-41.4% per year).

In value terms, South Africa ($X), Spain ($X) and Germany ($X) appeared to be the largest markets for goat hides and skins exported from Argentina worldwide, with a combined 79% share of total exports.

Among the main countries of destination, South Africa, with a CAGR of +105.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, with a decrease of -53.9% against the previous year. In general, the export price, however, showed prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 193%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+39.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Argentina

Goat hides and skins imports into Argentina surged to X tons in 2021, growing by 85% against the previous year's figure. Over the period under review, imports, however, recorded a noticeable decrease. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports surged to $X in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 196%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Colombia (X tons) was the main supplier of goat hides and skins to Argentina, accounting for a 95% share of total imports. Moreover, goat hides and skins imports from Colombia exceeded the figures recorded by the second-largest supplier, South Africa (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Colombia amounted to +44.7%.

In value terms, Colombia ($X) constituted the largest supplier of goat or kid hides and skins to Argentina, comprising 100% of total imports. The second position in the ranking was taken by South Africa ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Colombia stood at +62.3%.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, picking up by 24% against the previous year. Overall, the import price recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 274%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for South Africa totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+12.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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