Brazil: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Brazil

In 2021, the Brazilian goat hides and skins market decreased by -9.3% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Goat Or Kid Hides And Skins in Brazil

In value terms, goat hides and skins production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 614% against the previous year. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

The average yield of goat or kid hides and skins in Brazil was estimated at X kg per head in 2021, approximately mirroring the previous year. In general, the yield continues to indicate a relatively flat trend pattern. Over the period under review, the average goat hides and skins yield attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

In 2021, the number of animals slaughtered for goat hides and skins production in Brazil was estimated at X heads, leveling off at 2020 figures. This number increased at an average annual rate of +3.0% over the period 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 with an increase of 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 the near future.

Exports of Goat Or Kid Hides And Skins

Exports from Brazil

Goat hides and skins exports from Brazil totaled X tons in 2021, picking up by 6.7% against the previous year's figure. Over the period under review, total exports indicated a significant expansion from 2019 to 2021: its volume increased at an average annual rate of +25.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +56.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 551% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for goat hides and skins exports from Brazil, accounting for a 96% share of total exports. Moreover, goat hides and skins exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold.

From 2019 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +24.9%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for goat or kid hides and skins exports from Brazil, comprising 94% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.2% share of total exports.

From 2019 to 2021, the average annual growth rate of value to Hong Kong SAR stood at +211.4%.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, picking up by 43% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 an increase of 344% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hong Kong SAR amounted to $X per ton.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+149.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Goat Or Kid Hides And Skins

Imports into Brazil

In 2021, supplies from abroad of goat or kid hides and skins increased by 89% to X tons, rising for the second year in a row after three years of decline. Overall, imports recorded a modest expansion. 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 soared to $X in 2021. Over the period under review, imports saw a mild expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

New Zealand (X tons), Bolivia (X tons) and France (X kg) were the main suppliers of goat hides and skins imports to Brazil.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +19.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Bolivia ($X) constituted the largest supplier of goat or kid hides and skins to Brazil, comprising 91% of total imports. The second position in the ranking was held by New Zealand ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bolivia totaled +326.0%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (0.0% per year) and France (-28.2% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, rising by 35% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 62%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bolivia ($X per ton), while the price for New Zealand ($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%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :