Central Asia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Central Asia

In 2021, the Central Asian goat hides and skins market decreased by -21.4% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +26.4% against 2018 indices. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Production of Goat Or Kid Hides And Skins in Central Asia

In value terms, goat hides and skins production shrank remarkably to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.2% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 65% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

The country with the largest volume of goat hides and skins production was Mongolia (X tons), accounting for 82% of total volume. Moreover, goat hides and skins production in Mongolia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), tenfold. Turkmenistan (X tons) ranked third in terms of total production with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume in Mongolia stood at +6.2%. In the other countries, the average annual rates were as follows: Kazakhstan (-0.4% per year) and Turkmenistan (-0.0% per year).

The average goat hides and skins yield contracted notably to X kg per head in 2021, dropping by -23.9% against the previous year. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by 32% against the previous year. As a result, the yield attained the peak level of X kg per head, and then dropped rapidly in the following year.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Central Asia; surging by 3.2% compared with the previous year. This number increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 8.2%. Over the period under review, this number reached the maximum level in 2021 and is likely to see steady growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports in Central Asia

Goat hides and skins exports amounted to X tons in 2021, growing by 11% on the year before. Overall, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 31%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports contracted to $X in 2021. Over the period under review, exports, however, showed a mild slump. The pace of growth appeared the most rapid in 2020 when exports increased by 85%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Turkmenistan (X tons) was the main exporter of goat or kid hides and skins, generating 80% of total exports. It was distantly followed by Mongolia (X tons), constituting a 13% share of total exports. The following exporters - Kyrgyzstan (X tons) and Kazakhstan (X tons) - together made up 7.1% of total exports.

Exports from Turkmenistan decreased at an average annual rate of -4.9% from 2012 to 2021. Mongolia (-1.7%), Kazakhstan (-16.2%) and Kyrgyzstan (-23.4%) illustrated a downward trend over the same period. Turkmenistan (+20 p.p.) and Mongolia (+5.5 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan and Kyrgyzstan saw its share reduced by -3.5% and -19.2% from 2012 to 2021, respectively.

In value terms, the largest goat hides and skins supplying countries in Central Asia were Mongolia ($X), Turkmenistan ($X) and Kyrgyzstan ($X), with a combined 99% share of total exports.

Mongolia, with a CAGR of +6.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, declining by -22% against the previous year. In general, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 129% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mongolia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+18.2%), while the other leaders experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports in Central Asia

In 2021, supplies from abroad of goat or kid hides and skins decreased by -46.7% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 87% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports contracted rapidly to $X in 2021. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 146% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Mongolia (X tons) and Kazakhstan (X tons) represented roughly 80% of total imports in 2021. It was distantly followed by Kyrgyzstan (X tons), comprising a 20% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mongolia (with a CAGR of -2.6%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest goat hides and skins importing markets in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Mongolia ($X), with a combined 84% share of total imports.

Among the main importing countries, Mongolia, with a CAGR of -4.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 4.1% against the previous year. Over the period under review, the import price recorded buoyant growth. The pace of growth appeared the most rapid in 2016 when the import price increased by 185%. Over the period under review, import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+13.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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