Canada: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Canada

The Canadian goat hides and skins market contracted to $X in 2021, with a decrease of -10.8% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Production of Goat Or Kid Hides And Skins in Canada

In value terms, goat hides and skins production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a mild descent. The pace of growth was the most pronounced in 2016 with an increase of 17% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Canada

After eight years of decline, overseas shipments of goat or kid hides and skins increased by 36% to X tons in 2021. Overall, exports, however, saw a deep setback. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for goat hides and skins exports from Canada, accounting for a 72% share of total exports. Moreover, goat hides and skins exports to Thailand exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The United States (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+331.2% per year) and the United States (-17.6% per year).

In value terms, Thailand ($X) remains the key foreign market for goat or kid hides and skins exports from Canada, comprising 61% of total exports. The second position in the ranking was taken by Italy ($X), with a 27% share of total exports. It was followed by the United States, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+206.7% per year) and the United States (-20.7% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, surging by 2.4% against the previous year. In general, the export price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the 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 the United States ($X per ton), while the average price for exports to Thailand ($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 China (-1.2%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Canada

After two years of decline, overseas purchases of goat or kid hides and skins increased by 59% to X tons in 2021. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 371%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports soared to $X in 2021. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 126% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of goat hides and skins to Canada, with a 96% share of total imports. Moreover, goat hides and skins imports from the United States exceeded the figures recorded by the second-largest supplier, South Africa (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-16.6% per year) and China (-53.7% per year).

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Canada, comprising 98% of total imports. The second position in the ranking was taken by South Africa ($X), with a 0.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-10.0% per year) and China (-41.3% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, which is down by -4.7% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price increased by +26.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 120% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+75.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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