Dominican Republic: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in the Dominican Republic

The Dominican goat hides and skins market reduced remarkably to $X in 2021, shrinking by -15.2% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. Goat hides and skins consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in the Dominican Republic

In value terms, goat hides and skins production expanded to $X in 2021 estimated in export price. Over the period under review, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 104%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

In 2021, the average yield of goat or kid hides and skins in the Dominican Republic rose markedly to X kg per head, surging by 5.3% on the previous year. Overall, the yield, however, faced a dramatic downturn. The pace of growth was the most pronounced in 2014 when the yield increased by 161%. Over the period under review, the average goat hides and skins yield reached the maximum level at X kg per head in 2012; however, from 2013 to 2021, the yield failed to regain momentum.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in the Dominican Republic; which is down by -2.1% against the year before. Over the period under review, the number of producing animals saw a mild reduction. The pace of growth was the most pronounced in 2013 with an increase of 5.2%. As a result, the number of animals produced reached the peak level of X heads. From 2014 to 2021, the growth of this number remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from the Dominican Republic

In 2021, exports of goat or kid hides and skins from the Dominican Republic rose rapidly to X tons, with an increase of 14% against the previous year. Overall, exports, however, continue to indicate a significant decrease. The pace of growth was the most pronounced in 2019 when exports increased by 385% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2019 with an increase of 274% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for goat hides and skins exports from the Dominican Republic, accounting for a 55% share of total exports. Moreover, goat hides and skins exports to the United States exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was held by China (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-4.2% per year) and China (-35.4% per year).

In value terms, the largest markets for goat hides and skins exported from the Dominican Republic were Panama ($X), the United States ($X) and Indonesia ($X), together comprising 79% of total exports.

Panama, with a CAGR of +12.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, with an increase of 29% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 54% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average 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 Panama ($X per ton), while the average price for exports to Italy ($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 China (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into the Dominican Republic

In 2021, supplies from abroad of goat or kid hides and skins decreased by -63.1% to X kg, falling for the sixth consecutive year after four years of growth. Over the period under review, imports faced a significant contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 283% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, goat hides and skins imports reduced markedly to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 216% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X kg) constituted the largest supplier of goat hides and skins to the Dominican Republic, accounting for a 70% share of total imports. Moreover, goat hides and skins imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +6.0%.

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to the Dominican Republic, comprising 68% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +4.3%.

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, picking up by 28% against the previous year. Overall, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.3%).

Source: IndexBox Platform

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