Bulgaria: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Bulgaria

In 2021, the Bulgarian goat hides and skins market decreased by -70.1% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a significant decrease. Goat hides and skins consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Bulgaria

In value terms, goat hides and skins production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 44% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of goat or kid hides and skins in Bulgaria dropped rapidly to X kg per head in 2021, with a decrease of -17.9% on the previous year. In general, the yield indicated a temperate increase from 2012 to 2021: its figure increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 26% against the previous year. The goat hides and skins yield peaked at X kg per head in 2020, and then reduced markedly in the following year.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Bulgaria; increasing by 23% compared with 2020. Over the period under review, the number of producing animals, however, saw a deep setback. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Bulgaria

In 2021, after four years of decline, there was significant growth in overseas shipments of goat or kid hides and skins, when their volume increased by 116% to X tons. Overall, exports continue to indicate a strong increase. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports surged to $X in 2021. In general, exports enjoyed strong growth. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Cambodia (X tons) and Vietnam (X tons) were the main destinations of goat hides and skins exports from Bulgaria, with a combined 78% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +154.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for goat hides and skins exported from Bulgaria were Cambodia ($X), Poland ($X) and Vietnam ($X), together comprising 80% of total exports.

Cambodia, with a CAGR of +282.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, growing by 25% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a 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 Cambodia ($X per ton), while the average price for exports to Greece ($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 Cambodia (+50.3%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Bulgaria

In 2021, the amount of goat or kid hides and skins imported into Bulgaria was estimated at X tons, remaining stable against the previous year's figure. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2016 with an increase of 288%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports amounted to $X in 2021. Overall, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 121% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, North Macedonia (X tons) was the main goat hides and skins supplier to Bulgaria, accounting for a 99% share of total imports. It was followed by Greece (X kg), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from North Macedonia amounted to -17.9%.

In value terms, North Macedonia ($X) constituted the largest supplier of goat or kid hides and skins to Bulgaria, comprising 71% of total imports. The second position in the ranking was taken by Greece ($X), with a 5.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from North Macedonia stood at -18.7%.

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price enjoyed noticeable growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 66% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Greece ($X per ton), while the price for North Macedonia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+40.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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