Australia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Australia

The Australian goat hides and skins market declined significantly to $X in 2021, shrinking by -15.7% against the previous year. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +6.3% against 2019 indices. Goat hides and skins consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Australia

In value terms, goat hides and skins production surged to $X in 2021 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 -12.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 82%. Goat hides and skins production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

The average yield of goat or kid hides and skins in Australia fell to X kg per head in 2021, waning by -12.2% compared with the previous year. Overall, the yield saw a abrupt decline. The growth pace was the most rapid in 2020 when the yield increased by 23%. Over the period under review, the average goat hides and skins yield hit record highs at X kg per head in 2012; however, from 2013 to 2021, the yield failed to regain momentum.

In 2021, number of animals slaughtered for goat hides and skins production in Australia fell slightly to X heads, approximately equating the previous year. Over the period under review, the number of producing animals saw a abrupt setback. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by 12% against the previous year. Over the period under review, this number hit record highs at X heads in 2016; however, from 2017 to 2021, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Australia

In 2021, overseas shipments of goat or kid hides and skins were finally on the rise to reach X tons after four years of decline. In general, exports, however, continue to indicate a dramatic contraction. The exports peaked 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 skyrocketed to $X in 2021. Over the period under review, exports, however, saw a perceptible decrease. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of goat hides and skins exports from Australia, with a combined 60% share of total exports. These countries were followed by Pakistan, Indonesia, India, Slovakia, Germany, China, South Africa, Portugal and Singapore, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +98.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for goat or kid hides and skins exports from Australia, comprising 85% of total exports. The second position in the ranking was held by Singapore ($X), with a 5.5% share of total exports. It was followed by Italy, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to France stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.8% per year) and Italy (-12.2% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, increasing by 180% against the previous year. Over the period under review, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Goat Or Kid Hides And Skins

Imports into Australia

In 2021, purchases abroad of goat or kid hides and skins was finally on the rise to reach X kg after three years of decline. Overall, imports, however, recorded a sharp descent. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports stood at $X in 2021. In general, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Papua New Guinea (X kg) constituted the largest supplier of goat hides and skins to Australia, accounting for a 50% share of total imports. Moreover, goat hides and skins imports from Papua New Guinea exceeded the figures recorded by the second-largest supplier, Italy (X kg), twofold. South Africa (X kg) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Papua New Guinea totaled -22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.1% per year) and South Africa (+13.8% per year).

In value terms, Papua New Guinea ($X) constituted the largest supplier of goat or kid hides and skins to Australia, comprising 76% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Fiji, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Papua New Guinea stood at -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.8% per year) and Fiji (+2.2% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, shrinking by -18.1% against the previous year. In general, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 65%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Fiji ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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