Dominican Republic: Market for Goat Or Kid Hides And Skins 2025

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

The Dominican goat hides and skins market reduced to $X in 2021, with a decrease of -12.6% against the previous year. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, goat hides and skins production reduced to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 100%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

The average yield of goat or kid hides and skins in the Dominican Republic expanded remarkably to X kg per head in 2021, growing by 5.3% on the year before. Over the period under review, the yield, however, continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2014 with an increase of 161%. The goat hides and skins yield peaked at X kg per head in 2012; however, from 2013 to 2021, the yield failed to regain momentum.

The number of animals slaughtered for goat hides and skins production in the Dominican Republic reduced modestly to X heads in 2021, waning by -2.1% on 2020 figures. Overall, the number of producing animals showed a slight shrinkage. The pace of growth appeared the most rapid in 2013 when the number of producing animals increased by 5.2%. As a result, the number of producing animals reached the peak level of X heads. From 2014 to 2021, the growth of this number remained at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from the Dominican Republic

In 2021, the amount of goat or kid hides and skins exported from the Dominican Republic expanded markedly to X tons, picking up by 12% on 2020 figures. Overall, exports, however, recorded a dramatic decline. The most prominent rate of growth was recorded in 2019 with an increase of 401% against the previous year. Over the period under review, the exports reached the peak figure 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 rose remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a significant decline. The growth pace was the most rapid in 2019 with an increase of 504% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for goat hides and skins exports from the Dominican Republic, with a 57% 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 taken by China (X tons), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -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 United States ($X), Indonesia ($X) and China ($X) appeared to be the largest markets for goat hides and skins exported from the Dominican Republic worldwide, together accounting for 84% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +9.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, shrinking by -3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($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, overseas purchases of goat or kid hides and skins decreased by -63.1% to X kg, falling for the sixth year in a row after four years of growth. In general, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2015 with an increase of 283%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports dropped sharply to $X in 2021. Over the period under review, imports faced a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 216%. 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 goat hides and skins supplier 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 rate of growth in terms of volume from the United States totaled +6.0%.

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

From 2012 to 2021, the average annual rate of growth in terms 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, with an increase of 28% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 an increase of 45% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

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 (+18.5%).

Source: IndexBox Platform

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