China: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in China

The Chinese goat hides and skins market stood at $X in 2021, remaining stable against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Goat Or Kid Hides And Skins in China

In value terms, goat hides and skins production declined to $X in 2021 estimated in export price. In general, production, however, faced a deep setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 66%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in China amounted to X kg per head, stabilizing at the previous year's figure. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Over the period under review, the average goat hides and skins yield attained the maximum level in 2021 and is likely to continue growth in years to come.

In 2021, the number of animals slaughtered for goat hides and skins production in China expanded notably to X heads, picking up by 5.3% on 2020 figures. This number increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, this number hit record highs at X heads in 2016; however, from 2017 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from China

For the third year in a row, China recorded decline in shipments abroad of goat or kid hides and skins, which decreased by -43.4% to X tons in 2021. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2018 with an increase of 478%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, goat hides and skins exports reduced notably to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 386%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and India (X tons) were the main destinations of goat hides and skins exports from China, together comprising 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +104.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for goat hides and skins exported from China were Hong Kong SAR ($X), India ($X) and Vietnam ($X), together comprising 49% of total exports. These countries were followed by Thailand, Cambodia and Canada, which together accounted for a further 6.3%.

Among the main countries of destination, Canada, with a CAGR of +44.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, falling by -4.9% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Thailand ($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 Hong Kong SAR (+18.1%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into China

In 2021, the amount of goat or kid hides and skins imported into China fell notably to X tons, declining by -45.1% on 2020 figures. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 247% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports shrank notably to $X in 2021. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of goat hides and skins to China, accounting for a 59% share of total imports. Moreover, goat hides and skins imports from the United States exceeded the figures recorded by the second-largest supplier, Benin (X tons), fourfold. New Zealand (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Benin (0.0% per year) and New Zealand (+22.1% per year).

In value terms, the largest goat hides and skins suppliers to China were the United States ($X), New Zealand ($X) and Hong Kong SAR ($X), together comprising 81% of total imports.

In terms of the main suppliers, New Zealand, with a CAGR of +32.8%, 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 mixed trend patterns.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, growing by 44% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of 66%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :