Bangladesh: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Bangladesh

The Bangladeshi goat hides and skins market shrank modestly to $X in 2021, almost unchanged from the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Goat hides and skins consumption peaked at $X in 2020, and then shrank modestly in the following year.

Production of Goat Or Kid Hides And Skins in Bangladesh

In value terms, goat hides and skins production declined modestly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +16.7% against 2014 indices. The growth pace was the most rapid in 2014 when the production volume increased by 38%. Goat hides and skins production peaked at $X in 2020, and then reduced modestly in the following year.

In 2021, the average goat hides and skins yield in Bangladesh was estimated at X kg per head, remaining stable against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 5%. The goat hides and skins yield peaked in 2021 and is likely to see gradual growth in years to come.

In 2021, number of animals slaughtered for goat hides and skins production in Bangladesh stood at X heads, rising by 2% against the previous year. This number increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when the number of producing animals increased by 2.2%. The number of animals slaughtered for goat hides and skins production peaked in 2021 and is likely to see steady growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports from Bangladesh

In 2021, the amount of goat or kid hides and skins exported from Bangladesh declined sharply to X tons, which is down by -23.1% against the year before. In general, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 11%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports shrank modestly to $X in 2021. Overall, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2014 with an increase of 38%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for goat hides and skins exports from Bangladesh, accounting for a 53% share of total exports. Moreover, goat hides and skins exports to China exceeded the volume sent to the second major destination, Japan (X tons), twofold. India (X kg) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-17.8% per year) and India (-39.1% per year).

In value terms, Japan ($X) remains the key foreign market for goat or kid hides and skins exports from Bangladesh, comprising 97% of total exports. The second position in the ranking was taken by India ($X), with a 1.8% share of total exports. It was followed by Italy, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-40.3% per year) and Italy (-46.1% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, increasing by 28% against the previous year. Overall, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 an increase of 582%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($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 Japan (+14.9%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Bangladesh

For the third consecutive year, Bangladesh recorded decline in supplies from abroad of goat or kid hides and skins, which decreased by -64.4% to X tons in 2021. Over the period under review, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2018 when imports increased by 118% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports reduced notably to $X in 2021. In general, imports saw a sharp descent. The most prominent rate of growth was recorded in 2018 with an increase of 159%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) constituted the largest goat hides and skins supplier to Bangladesh, accounting for a 88% share of total imports. Moreover, goat hides and skins imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Italy (X kg), tenfold. The third position in this ranking was taken by India (X kg), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR totaled -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-31.7% per year) and India (-44.3% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of goat or kid hides and skins to Bangladesh, comprising 79% of total imports. The second position in the ranking was taken by India ($X), with an 8.5% share of total imports. It was followed by Australia, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-35.2% per year) and Australia (-49.8% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, dropping by -22.4% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 28%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Italy ($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 (+229.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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