Canada: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Canada

In 2021, the Canadian goat hides and skins market decreased by -27.3% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Canada

In value terms, goat hides and skins production amounted to $X in 2021 estimated in export price. In general, production recorded a mild reduction. The growth pace was the most rapid in 2014 when the production volume increased by 40%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Canada

In 2021, overseas shipments of goat or kid hides and skins were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a modest increase. The pace of growth was the most pronounced in 2015 with an increase of 162%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports rose significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2015 when exports increased by 118% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for goat hides and skins exports from Canada, with a 77% share of total exports. Moreover, goat hides and skins exports to Italy exceeded the volume sent to the second major destination, the United States (X tons), fivefold. China (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +125.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.9% per year) and China (-17.7% per year).

In value terms, Italy ($X) remains the key foreign market for goat or kid hides and skins exports from Canada, comprising 77% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by China, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +97.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.3% per year) and China (-25.2% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, with a decrease of -31% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 52%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Italy ($X per ton), while the average price for exports to China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-9.1%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Canada

In 2021, supplies from abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 437%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, goat hides and skins imports surged to $X in 2021. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 129% 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 100% share of total imports. It was followed by South Africa (X kg), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-38.7% per year) and China (-53.6% per year).

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Canada, comprising 100% of total imports. The second position in the ranking was held by South Africa ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-15.7% per year) and China (-41.1% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, increasing by 9.2% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. 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 +17.9% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 132% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

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 the United States ($X per ton), while the price for China ($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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