Asia-Pacific: Market for Goat Or Kid Hides And Skins 2025

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

In 2021, the Asia-Pacific goat hides and skins market increased by 4.2% to $X, rising for the fourth year in a row after five years of decline. Overall, consumption, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 6.1%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, goat hides and skins production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 27% against the previous year. The level of production peaked at $X in 2012; however, from 2013 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, accounting for 56% 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 taken by India (X tons), with an 11% share.

In China, goat hides and skins production expanded 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).

The average goat hides and skins yield expanded slightly to X kg per head in 2021, increasing by 1.9% compared with the year before. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 9.9%. Over the period under review, the goat hides and skins yield hit record highs in 2021 and is likely to see steady growth in years to come.

In 2021, the number of animals slaughtered for goat hides and skins production in Asia-Pacific stood at X heads, leveling off 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 consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the number of producing animals increased by 9.6% against the previous year. The level of producing animals peaked in 2021 and is likely to see steady growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports in Asia-Pacific

In 2021, goat hides and skins exports in Asia-Pacific shrank dramatically to X tons, reducing by -26.1% compared with the previous year. In general, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports expanded modestly to $X in 2021. Overall, exports saw a perceptible descent. The pace of growth was the most pronounced in 2016 with an increase of 13%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Vietnam (X tons), distantly followed by New Zealand (X tons), Japan (X tons), Hong Kong SAR (X tons) and Australia (X tons) were the key exporters of goat or kid hides and skins, together constituting 93% of total exports. Indonesia (X tons) and Myanmar (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +33.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest goat hides and skins supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by New Zealand, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam totaled +60.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-10.4% per year) and New Zealand (+1.6% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by 40% against the previous year. Export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins export price decreased by -8.8% against 2019 indices. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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 ($X per ton), while New Zealand ($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 more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports in Asia-Pacific

After five years of decline, overseas purchases of goat or kid hides and skins increased by 36% to X tons in 2021. Over the period under review, imports, however, saw a deep downturn. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports rose remarkably to $X in 2021. In general, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 21%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and China (X tons) represented roughly 68% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Pakistan (X tons), together making up a 23% share of total imports. The following importers - Thailand (X tons) and Japan (X tons) - each amounted to a 6.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +35.7%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported goat or kid hides and skins in Asia-Pacific, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Indonesia, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -5.2%. In the other countries, the average annual rates were as follows: China (-12.3% per year) and Indonesia (+34.9% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, falling by -17.9% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price increased by +30.5% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 29%. As a result, import price attained the peak level of $X per ton, and then fell remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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