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

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

After two years of growth, the Central Asian goat hides and skins market decreased by -20.7% to $X in 2021. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Production of Goat Or Kid Hides And Skins in Central Asia

In value terms, goat hides and skins production reduced remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. The level of production peaked 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), comprising approx. 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. The third position in this ranking was held by Turkmenistan (X tons), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Mongolia stood at +6.2%. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (-0.4% per year) and Turkmenistan (-0.0% per year).

In 2021, the average yield of goat or kid hides and skins in Central Asia reduced rapidly to X kg per head, declining by -23.9% compared with 2020. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. As a result, the yield attained the peak level of X kg per head, and then fell markedly in the following year.

The global number of animals slaughtered for goat hides and skins production rose slightly to X heads in 2021, with an increase of 3.2% compared with the previous year. This number increased at an average annual rate of +4.5% 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 2013 when the number of producing animals increased by 8.2% against the previous year. The level of producing animals peaked in 2021 and is likely to see gradual growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports in Central Asia

In 2021, approx. X tons of goat or kid hides and skins were exported in Central Asia; surging by 12% compared with 2020. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports reduced to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 87%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Turkmenistan was the key exporter of goat or kid hides and skins in Central Asia, with the volume of exports finishing at X tons, which was near 82% of total exports in 2021. It was distantly followed by Mongolia (X tons) and Kyrgyzstan (X tons), together making up a 17% share of total exports.

Exports from Turkmenistan decreased at an average annual rate of -4.9% from 2012 to 2021. Mongolia (-1.7%) and Kyrgyzstan (-23.4%) illustrated a downward trend over the same period. Turkmenistan (+18 p.p.) and Mongolia (+5.4 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -20.6% from 2012 to 2021, respectively.

In value terms, Mongolia ($X), Turkmenistan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

Mongolia, with a CAGR of +6.0%, recorded the highest growth rate of the value of exports, among 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, reducing by -22.8% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 131%. As a result, the export price attained the peak level of $X per ton, and then declined remarkably 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 ($X per ton), while Turkmenistan ($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, overseas purchases of goat or kid hides and skins decreased by -75% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a sharp descent. The pace of growth appeared the most rapid in 2019 with an increase of 100% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports contracted sharply to $X in 2021. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 142%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kyrgyzstan (X tons) represented the key importer of goat or kid hides and skins, committing 51% of total imports. Kazakhstan (X tons) took a 30% share (based on physical terms) of total imports, which put it in second place, followed by Mongolia (18%).

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of -16.5%), while purchases 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), together comprising 83% of total imports.

In terms of the main importing countries, Kazakhstan, with a CAGR of -4.8%, 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

In 2021, the import price in Central Asia amounted to $X per ton, increasing by 108% against the previous year. Over the period under review, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 205%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Mongolia ($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 (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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