Colombia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Colombia

The Colombian goat hides and skins market dropped to $X in 2021, shrinking by -5.6% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Colombia

In value terms, goat hides and skins production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 154% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in Colombia skyrocketed to X kg per head, with an increase of 92% against 2020 figures. Over the period under review, the yield continues to indicate a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 115%. The goat hides and skins yield peaked in 2021 and is likely to continue growth in the near future.

In 2021, the number of animals slaughtered for goat hides and skins production in Colombia totaled X heads, almost unchanged from 2020 figures. Over the period under review, the number of producing animals, however, saw a abrupt slump. The growth pace was the most rapid in 2016 when the number of producing animals increased by 85%. Over the period under review, this number hit record highs at X heads in 2019; however, from 2020 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Colombia

In 2021, approx. X tons of goat or kid hides and skins were exported from Colombia; picking up by 1,576% against 2020. Over the period under review, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins exports surged to $X in 2021. In general, exports, however, continue to indicate a pronounced downturn. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for goat hides and skins exports from Colombia, with a 44% share of total exports. Moreover, goat hides and skins exports to Germany exceeded the volume sent to the second major destination, Mexico (X tons), sevenfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +114.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+13.9% per year) and Hong Kong SAR (-11.2% per year).

In value terms, Mexico ($X) remains the key foreign market for goat or kid hides and skins exports from Colombia, comprising 42% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+38.9% per year) and Spain (+7.5% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, falling by -86% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 when the average export price increased by 109% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 (+41.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Goat Or Kid Hides And Skins

Imports into Colombia

In 2021, after two years of growth, there was significant decline in overseas purchases of goat or kid hides and skins, when their volume decreased by -71.8% to X tons. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 178%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, goat hides and skins imports contracted notably to $X in 2021. Overall, imports faced a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by 172%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of goat hides and skins to Colombia, with a 96% share of total imports. It was followed by the United States (X kg), with a 2.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Thailand stood at -16.4%.

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Colombia, comprising 69% of total imports. The second position in the ranking was held by Thailand ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -13.9%.

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, jumping by 176% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.0%).

Source: IndexBox Platform

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