ASEAN: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in ASEAN

In 2021, the ASEAN goat hides and skins market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, recorded a pronounced decrease. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in ASEAN

In value terms, goat hides and skins production expanded markedly to $X in 2021 estimated in export price. In general, production showed a deep reduction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were Indonesia (X tons), Vietnam (X tons) and the Philippines (X tons), together accounting for 88% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Vietnam (with a CAGR of +19.9%), while production for the other leaders experienced mixed trends in the production figures.

In 2021, the average yield of goat or kid hides and skins in ASEAN soared to X kg per head, jumping by 52% compared with the year before. Overall, the yield, however, saw a slight curtailment. Over the period under review, the goat hides and skins yield attained the peak level at X kg per head in 2013; however, from 2014 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in ASEAN dropped notably to X heads, falling by -37.6% compared with 2020 figures. Overall, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 9.4%. Over the period under review, this number hit record highs at X heads in 2020, and then dropped significantly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports in ASEAN

After four years of growth, shipments abroad of goat or kid hides and skins decreased by -20.7% to X tons in 2021. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 488% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then reduced dramatically in the following year.

In value terms, goat hides and skins exports declined to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 624%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam prevails in exports structure, reaching X tons, which was near 87% of total exports in 2021. It was distantly followed by Indonesia (X tons), mixing up a 9.1% share of total exports. Myanmar (X tons) took a relatively small share of total exports.

Vietnam was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +33.0% from 2012 to 2021. At the same time, Indonesia (+5.8%) displayed positive paces of growth. By contrast, Myanmar (-12.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by +65 percentage points.

In value terms, Vietnam ($X) remains the largest goat hides and skins supplier in ASEAN, comprising 92% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam stood at +60.0%. In the other countries, the average annual rates were as follows: Indonesia (-4.3% per year) and Myanmar (-6.1% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, picking up by 22% against the previous year. Overall, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 303%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+20.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in ASEAN

In 2021, supplies from abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 136%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, goat hides and skins imports reached $X in 2021. In general, imports recorded a modest expansion. The pace of growth appeared the most rapid in 2015 with an increase of 392%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Indonesia dominates imports structure, resulting at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Thailand (X tons), generating a 7.7% share of total imports.

Indonesia was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of +35.7% from 2012 to 2021. Thailand (-6.6%) illustrated a downward trend over the same period. While the share of Indonesia (+71 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-40.5 p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Indonesia, with a CAGR of +34.9%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, dropping by -30.3% against the previous year. In general, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the import price increased by 109% against the previous year. The level of import peaked 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 importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%).

Source: IndexBox Platform