Asia-Pacific: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Asia-Pacific

The Asia-Pacific goat hides and skins market reached $X in 2021, increasing by 1.5% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Asia-Pacific

In value terms, goat hides and skins production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 48%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of goat hides and skins production, comprising approx. 53% 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 10% share.

In China, goat hides and skins production increased at an average annual rate of +2.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+6.6% per year) and India (+0.7% per year).

In 2021, the average yield of goat or kid hides and skins in Asia-Pacific stood at X kg per head, surging by 3.1% against the previous year's figure. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 9.5% against the previous year. The level of yield peaked in 2021 and is likely to see gradual growth in years to come.

The global number of animals slaughtered for goat hides and skins production amounted to X heads in 2021, stabilizing at the previous year's figure. This number increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 9.6%. The level of producing animals peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports in Asia-Pacific

In 2021, the amount of goat or kid hides and skins exported in Asia-Pacific dropped to X tons, which is down by -7.1% compared with 2020. Overall, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 when exports increased by 9.8% against the previous year. 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 surged to $X in 2021. In general, exports continue to indicate a pronounced contraction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan dominates exports structure, recording X tons, which was approx. 83% of total exports in 2021. It was distantly followed by Vietnam (X tons), comprising a 7.2% share of total exports. New Zealand (X tons), Australia (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to goat hides and skins exports from Japan stood at -1.5%. At the same time, Vietnam (+29.3%) and New Zealand (+15.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +29.3% from 2012-2021. By contrast, Australia (-21.6%) and Hong Kong SAR (-26.0%) illustrated a downward trend over the same period. While the share of Japan (+16 p.p.), Vietnam (+6.7 p.p.) and New Zealand (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-9.5 p.p.) and Hong Kong SAR (-16.5 p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest goat hides and skins supplier in Asia-Pacific, comprising 46% of total exports. The second position in the ranking was taken by Australia ($X), with a 22% share of total exports. It was followed by Vietnam, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to -5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-2.9% per year) and Vietnam (+30.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, picking up by 52% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 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 Australia ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+23.8%), while the other leaders experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports in Asia-Pacific

In 2021, supplies from abroad of goat or kid hides and skins increased by 2.8% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 17%. 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 expanded markedly to $X in 2021. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2013 when imports increased by 16%. The level of import peaked 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 about X tons, which resulted at 55% of total imports. It was distantly followed by Vietnam (X tons), China (X tons) and Indonesia (X tons), together making up a 34% share of total imports. Taiwan (Chinese) (X tons), Cambodia (X tons) and Hong Kong SAR (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to goat hides and skins imports into Thailand stood at +8.6%. 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-Pacific, with a CAGR of +115.7% from 2012-2021. By contrast, Vietnam (-3.3%), China (-10.0%), Taiwan (Chinese) (-24.0%) and Hong Kong SAR (-27.3%) illustrated a downward trend over the same period. Thailand (+39 p.p.), Indonesia (+5.5 p.p.), Vietnam (+2.7 p.p.) and Cambodia (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while China, Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -6.9%, -15.7% and -23.9% from 2012 to 2021, respectively.

In value terms, Thailand ($X) constitutes the largest market for imported goat or kid hides and skins in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was taken by China ($X), with a 7.8% share of total imports. It was followed by Vietnam, with a 7.4% share.

In Thailand, goat hides and skins imports expanded 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-Pacific amounted to $X per ton, with an increase of 9.2% against the previous year. In general, the import price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2013 an increase of 15%. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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