Australia and Oceania: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Australia and Oceania

The goat hides and skins market in Australia and Oceania dropped sharply to $X in 2021, waning by -15.7% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.2% against 2019 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Australia and Oceania

In value terms, goat hides and skins production soared to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.8% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 80% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were New Zealand (X tons) and Australia (X tons).

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +4.4%).

In 2021, the average yield of goat or kid hides and skins in Australia and Oceania rose rapidly to X kg per head, surging by 5.3% against the previous year's figure. Over the period under review, the yield, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the yield increased by 21%. Over the period under review, the goat hides and skins yield attained the maximum level at X kg per head in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure.

The global number of animals slaughtered for goat hides and skins production fell to X heads in 2021, standing approx. at 2020. In general, the number of producing animals saw a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of 12% against the previous year. Over the period under review, this number attained the maximum level at X heads in 2016; however, from 2017 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports in Australia and Oceania

In 2021, the amount of goat or kid hides and skins exported in Australia and Oceania skyrocketed to X tons, rising by 64% against the previous year. Overall, exports, however, faced a abrupt curtailment. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports soared to $X in 2021. In general, exports, however, continue to indicate a slight decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand represented the main exporting country with an export of about X tons, which reached 70% of total exports. It was distantly followed by Australia (X tons), achieving a 29% share of total exports.

New Zealand was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +15.3% from 2012 to 2021. Australia (-21.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +63 percentage points.

In value terms, Australia ($X) remains the largest goat hides and skins supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was held by New Zealand ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -2.9%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 64% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 79% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a 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 New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+23.8%).

Imports of Goat Or Kid Hides And Skins

Imports in Australia and Oceania

In 2021, purchases abroad of goat or kid hides and skins increased by 1,159% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, imports saw a slight increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins imports surged to $X in 2021. Overall, imports, however, saw a perceptible setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

New Zealand prevails in imports structure, amounting to X tons, which was approx. 98% of total imports in 2021. Australia (X kg) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of +34.8% from 2012 to 2021. Australia (-26.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +90 percentage points.

In value terms, the largest goat hides and skins importing markets in Australia and Oceania were New Zealand ($X) and Australia ($X).

New Zealand, with a CAGR of +22.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, shrinking by -83.2% against the previous year. In general, the import price continues to indicate a noticeable descent. The growth pace was the most rapid in 2016 an increase of 48%. The level of import peaked at $X per ton in 2019; however, from 2020 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 Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+20.9%).

Source: IndexBox Platform

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