Asia: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Asia

The Asian sheepskin and lambskin market declined to $X in 2021, remaining stable against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Sheepskin And Lambskin Production in Asia

In value terms, sheepskin and lambskin production fell to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 80%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

China (X tons) constituted the country with the largest volume of sheepskin and lambskin production, comprising approx. 55% of total volume. Moreover, sheepskin and lambskin production in China exceeded the figures recorded by the second-largest producer, Turkey (X tons), eightfold. The third position in this ranking was taken by Pakistan (X tons), with a 5.1% share.

In China, sheepskin and lambskin 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: Turkey (+6.4% per year) and Pakistan (+4.9% per year).

In 2021, the average yield of sheep or lamb skins (without wool) in Asia shrank to X kg per head, which is down by -3.2% compared with 2020 figures. Overall, the yield showed a slight contraction. The pace of growth was the most pronounced in 2015 when the yield increased by 1.4%. The level of yield peaked at X kg per head in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for sheepskin and lambskin production in Asia rose sharply to X heads, surging by 5.9% compared with the previous year. This number increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 7.9% against the previous year. Over the period under review, this number attained the peak level in 2021 and is expected to retain growth in years to come.

Sheepskin And Lambskin Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of sheep or lamb skins (without wool), when their volume increased by 45% to X tons. Over the period under review, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports surged to $X in 2021. Overall, exports, however, showed a noticeable decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Iran (X tons), Kuwait (X tons), Iraq (X tons), Lebanon (X tons), China (X tons), the United Arab Emirates (X tons), Yemen (X tons), Turkey (X tons), Turkmenistan (X tons), Saudi Arabia (X tons), Azerbaijan (X tons) and Cyprus (X tons), together resulting at 90% of total export.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), China ($X) and Yemen ($X) were the countries with the highest levels of exports in 2021, together comprising 61% of total exports.

China, with a CAGR of +33.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+14.3%), while the other leaders experienced more modest paces of growth.

Sheepskin And Lambskin Imports

Imports in Asia

In 2021, supplies from abroad of sheep or lamb skins (without wool) increased by 0.1% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, sheepskin and lambskin imports surged to $X in 2021. In general, imports, however, faced a abrupt downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the key importer of sheep or lamb skins (without wool), creating 79% of total imports. It was distantly followed by Turkey (X tons), making up a 16% share of total imports.

China was also the fastest-growing in terms of the sheep or lamb skins (without wool) imports, with a CAGR of -2.0% from 2012 to 2021. Turkey (-4.7%) illustrated a downward trend over the same period. While the share of China (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-3.2 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported sheep or lamb skins (without wool) in Asia, comprising 69% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports.

In China, sheepskin and lambskin imports contracted by an average annual rate of -12.2% over the period from 2012-2021.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 25% against the previous year. Overall, the import price, however, showed a deep slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-10.3%).

Source: IndexBox Platform

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