China: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in China

In 2021, the Chinese sheepskin and lambskin market increased by 0.8% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Sheepskin And Lambskin Production in China

In value terms, sheepskin and lambskin production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 172% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

In 2021, the average yield of sheep or lamb skins (without wool) in China declined to X kg per head, which is down by -6.2% against the previous year. In general, the yield continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of 3% against the previous year. The sheepskin and lambskin yield peaked at X kg per head in 2016; however, from 2017 to 2021, the yield failed to regain momentum.

In 2021, approx. X heads of animals slaughtered for sheepskin and lambskin production in China; with an increase of 10% against the previous year's figure. This number increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the number of producing animals increased by 12% against the previous year. Over the period under review, this number attained the maximum level in 2021 and is expected to retain growth in the near future.

Sheepskin And Lambskin Exports

Exports from China

In 2021, approx. X tons of sheep or lamb skins (without wool) were exported from China; picking up by 2.8% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 83%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, sheepskin and lambskin exports soared to $X in 2021. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons), Italy (X tons) and Pakistan (X tons) were the main destinations of sheepskin and lambskin exports from China, together comprising 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +297.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sheepskin and lambskin exported from China were Italy ($X), Spain ($X) and Portugal ($X), together accounting for 96% of total exports.

Among the main countries of destination, Spain, with a CAGR of +236.7%, 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 sheepskin and lambskin export price amounted to $X per ton, increasing by 208% against the previous year. In general, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Turkey ($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 Nigeria (+7.5%), while the prices for the other major destinations experienced a decline.

Sheepskin And Lambskin Imports

Imports into China

For the fourth consecutive year, China recorded decline in overseas purchases of sheep or lamb skins (without wool), which decreased by -1.8% to X tons in 2021. Over the period under review, imports saw a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 29%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, sheepskin and lambskin imports skyrocketed to $X in 2021. Overall, imports saw a deep setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of sheepskin and lambskin to China, accounting for a 57% share of total imports. Moreover, sheepskin and lambskin imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+0.5% per year) and the UK (-6.8% per year).

In value terms, Australia ($X) constituted the largest supplier of sheep or lamb skins (without wool) to China, comprising 66% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 7.9% share of total imports. It was followed by Spain, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Australia amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-20.9% per year) and Spain (-3.9% per year).

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, increasing by 30% against the previous year. Overall, the import price, however, recorded a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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