Asia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Asia

The Asian goat hides and skins market totaled $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Asia

In value terms, goat hides and skins production fell to $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

China (X tons) remains the largest goat hides and skins producing country in Asia, comprising approx. 48% of total volume. Moreover, goat hides and skins production in China exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume in China stood at +2.7%. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+6.6% per year) and India (+0.7% per year).

In 2021, the average goat hides and skins yield in Asia expanded modestly to X kg per head, growing by 1.8% on the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 8.6% against the previous year. Over the period under review, the goat hides and skins yield attained the peak level in 2021 and is likely to continue growth in years to come.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Asia; picking up by 1.6% against the previous year's figure. This number increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the number of producing animals increased by 9.1% against the previous year. The level of producing animals peaked in 2021 and is likely to continue growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports in Asia

In 2021, exports of goat or kid hides and skins in Asia dropped to X tons, waning by -8.3% against the year before. In general, exports saw a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of 10%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. Over the period under review, exports saw a deep slump. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Japan prevails in exports structure, finishing at X tons, which was near 81% of total exports in 2021. It was distantly followed by Vietnam (X tons) and Cyprus (X tons), together creating a 12% share of total exports. Hong Kong SAR (X tons) took a minor share of total exports.

Exports from Japan decreased at an average annual rate of -1.5% from 2012 to 2021. At the same time, Vietnam (+29.3%) and Cyprus (+1.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +29.3% from 2012-2021. By contrast, Hong Kong SAR (-26.0%) illustrated a downward trend over the same period. While the share of Japan (+10 p.p.), Vietnam (+6.5 p.p.) and Cyprus (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-17.6 p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest goat hides and skins supplier in Asia, comprising 60% of total exports. The second position in the ranking was held by Vietnam ($X), with a 21% share of total exports. It was followed by Hong Kong SAR, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+30.5% per year) and Hong Kong SAR (-21.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 30% against the previous year. Over the period under review, the export price, however, recorded a pronounced reduction. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in Asia

In 2021, supplies from abroad of goat or kid hides and skins increased by 3.8% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports rose rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Thailand represented the major importing country with an import of around X tons, which amounted to 53% of total imports. Vietnam (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by China (11%) and Indonesia (5.6%). Taiwan (Chinese) (X tons), Turkey (X tons) and Cambodia (X tons) held a minor share of total imports.

Imports into Thailand increased at an average annual rate of +8.6% from 2012 to 2021. At the same time, Cambodia (+115.7%) and Indonesia (+37.0%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of +115.7% from 2012-2021. By contrast, Vietnam (-3.3%), Turkey (-4.9%), China (-10.0%) and Taiwan (Chinese) (-24.0%) illustrated a downward trend over the same period. While the share of Thailand (+38 p.p.), Indonesia (+5.4 p.p.), Vietnam (+2.6 p.p.) and Cambodia (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-6.6 p.p.) and Taiwan (Chinese) (-22.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported goat or kid hides and skins in Asia, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 7.6% share of total imports. It was followed by Vietnam, with a 7.2% share.

In Thailand, goat hides and skins imports increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-11.8% per year) and Vietnam (-8.2% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 9.1% against the previous year. Overall, the import price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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