Brazil: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Brazil

The Brazilian goat hides and skins market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Brazil

In value terms, goat hides and skins production reached $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 25% against the previous year. Goat hides and skins production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in Brazil was estimated at X kg per head, remaining constant against the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. Over the period under review, the average goat hides and skins yield hit record highs in 2021 and is expected to retain growth in years to come.

The number of animals slaughtered for goat hides and skins production in Brazil reached X heads in 2021, almost unchanged from 2020. This number increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the number of producing animals increased by 7.1% against the previous year. The number of animals slaughtered for goat hides and skins production peaked in 2021 and is expected to retain growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports from Brazil

In 2021, approx. X tons of goat or kid hides and skins were exported from Brazil; jumping by 21% on the previous year. In general, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 507% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 747%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Hong Kong SAR (X tons) was the main destination for goat hides and skins exports from Brazil, accounting for a 77% share of total exports. Moreover, goat hides and skins exports to Hong Kong SAR exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The United States (X kg) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.6% per year) and the United States (+112.7% per year).

In value terms, Hong Kong SAR ($X), Mexico ($X) and the United States ($X) were the largest markets for goat hides and skins exported from Brazil worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +211.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, picking up by 55% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,078% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Hong Kong SAR (+150.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Brazil

In 2021, goat hides and skins imports into Brazil surged to X tons, jumping by 27% on 2020. In general, imports recorded a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of 41%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, goat hides and skins imports surged to $X in 2021. Overall, imports, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 117% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) constituted the largest goat hides and skins supplier to Brazil, accounting for a 51% share of total imports. Moreover, goat hides and skins imports from Chile exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (0.0% per year) and Japan (-4.0% per year).

In value terms, Bolivia ($X) constituted the largest supplier of goat or kid hides and skins to Brazil, comprising 52% of total imports. The second position in the ranking was taken by Chile ($X), with an 18% share of total imports. It was followed by New Zealand, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Bolivia amounted to +326.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+12.4% per year) and New Zealand (0.0% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, increasing by 9.9% against the previous year. In general, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 117%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat 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 Bolivia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+255.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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