Asia: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Asia

In 2021, the Asian goat hides and skins market increased by 3.8% to $X, rising for the fourth year in a row after five years of decline. In general, consumption, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the market value increased by 6.3%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Asia

In value terms, goat hides and skins production dropped to $X in 2021 estimated in export price. Overall, production, however, faced a deep contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 27%. 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 51% of total volume. Moreover, goat hides and skins production in China exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold. India (X tons) ranked third in terms of total production 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 was estimated at X kg per head, stabilizing at 2020 figures. In general, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by 8.9% against the previous year. Over the period under review, the goat hides and skins yield hit record highs 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; increasing by 1.6% against the year before. This number increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 9.1% against the previous year. The level of producing animals peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports in Asia

In 2021, the amount of goat or kid hides and skins exported in Asia fell rapidly to X tons, with a decrease of -32.5% against the previous year's figure. Overall, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports totaled $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Vietnam (X tons) was the key exporter of goat or kid hides and skins, creating 44% of total exports. Japan (X tons) ranks second in terms of the total exports with a 22% share, followed by Hong Kong SAR (9.9%), Iraq (5%) and Indonesia (4.6%). Turkmenistan (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from Vietnam increased at an average annual rate of +33.0% from 2012 to 2021. At the same time, Iraq (+59.5%), Saudi Arabia (+18.9%) and Indonesia (+5.8%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing exporter exported in Asia, with a CAGR of +59.5% from 2012-2021. By contrast, Turkmenistan (-4.9%), Japan (-12.7%) and Hong Kong SAR (-15.2%) illustrated a downward trend over the same period. While the share of Vietnam (+42 p.p.), Iraq (+4.9 p.p.), Indonesia (+2.9 p.p.) and Saudi Arabia (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-16.7 p.p.) and Japan (-23.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest goat hides and skins supplier in Asia, comprising 59% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam totaled +60.0%. In the other countries, the average annual rates were as follows: Japan (-10.4% per year) and Hong Kong SAR (-15.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, with an increase of 50% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. 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 -5.6% against 2019 indices. The level of export 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Turkmenistan ($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

In 2021, after five years of decline, there was significant growth in purchases abroad of goat or kid hides and skins, when their volume increased by 37% to X tons. Over the period under review, imports, however, recorded a abrupt decline. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports rose rapidly to $X in 2021. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 16% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and Turkey (X tons) represented roughly 73% of total imports in 2021. Hong Kong SAR (X tons) ranks next in terms of the total imports with a 7.8% share, followed by Taiwan (Chinese) (7.3%). Pakistan (X tons) and Thailand (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +35.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest goat hides and skins importing markets in Asia were China ($X), Indonesia ($X) and Hong Kong SAR ($X), with a combined 26% share of total imports.

Indonesia, with a CAGR of +34.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, falling by -16.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2020 when the import price increased by 24%. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.

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 ($X per ton), while Indonesia ($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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