Bangladesh: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Bangladesh

The Bangladeshi goat hides and skins market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a noticeable decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Bangladesh

In value terms, goat hides and skins production amounted to $X in 2021 estimated in export price. In general, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average yield of goat or kid hides and skins in Bangladesh was estimated at X kg per head, approximately mirroring the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 5%. The goat hides and skins yield peaked in 2021 and is expected to retain growth in the near future.

In 2021, the number of animals slaughtered for goat hides and skins production in Bangladesh stood at X heads, surging by 2% compared with the previous year's figure. This number increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 2.2%. Over the period under review, this number attained the peak level in 2021 and is expected to retain 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 dropped markedly to X tons, which is down by -27.4% on 2020. Overall, exports saw a sharp slump. The pace of growth was the most pronounced in 2015 with an increase of 216% against the previous year. Over the period under review, the exports hit record highs 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 reduced to $X in 2021. Over the period under review, exports saw a sharp contraction. The pace of growth was the most pronounced in 2015 when exports increased by 209% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for goat hides and skins exports from Bangladesh, with a 71% share of total exports. Moreover, goat hides and skins exports to China exceeded the volume sent to the second major destination, India (X kg), fourfold. The third position in this ranking was held by Italy (X kg), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-39.1% per year) and Italy (-44.2% per year).

In value terms, India ($X) remains the key foreign market for goat or kid hides and skins exports from Bangladesh, comprising 67% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at -40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-46.1% per year) and China (-51.1% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, rising by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China ($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 India (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Bangladesh

In 2021, approx. X tons of goat or kid hides and skins were imported into Bangladesh; with a decrease of -64.4% compared with 2020 figures. In general, imports showed a dramatic setback. The pace of growth appeared the most rapid in 2018 with an increase of 118%. Over the period under review, imports reached 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 contracted sharply to $X in 2021. Overall, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2018 with an increase of 159%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) constituted the largest supplier of goat hides and skins to Bangladesh, with 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. India (X kg) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR stood at -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-31.7% per year) and India (-44.1% 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 stood at -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-34.5% per year) and Australia (-49.8% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, with a decrease of -22.4% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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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