Eastern Asia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Eastern Asia

The East Asian goat hides and skins market was estimated at $X in 2021, rising by 1.9% 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 somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Eastern Asia

In value terms, goat hides and skins production dropped to $X in 2021 estimated in export price. Overall, production, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 66% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

China (X tons) remains the largest goat hides and skins producing country in Eastern Asia, comprising approx. 82% of total volume. Moreover, goat hides and skins production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), sixfold.

In China, goat hides and skins production expanded at an average annual rate of +2.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and Taiwan (Chinese) (+50.1% per year).

The average goat hides and skins yield dropped modestly to X kg per head in 2021, almost unchanged from the previous year's figure. The yield figure increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the yield increased by 13% against the previous year. Over the period under review, the goat hides and skins yield hit record highs at X kg per head in 2020, and then contracted modestly in the following year.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Eastern Asia; picking up by 6.9% on the previous year. This number increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of producing animals peaked at X heads in 2016; however, from 2017 to 2021, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports in Eastern Asia

Goat hides and skins exports contracted to X tons in 2021, which is down by -8.5% compared with 2020. Overall, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. In general, exports recorded a abrupt decline. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Japan prevails in exports structure, recording X tons, which was approx. 97% of total exports in 2021. Hong Kong SAR (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of -1.5% from 2012 to 2021. Hong Kong SAR (-26.0%) illustrated a downward trend over the same period. While the share of Japan (+19 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-19.3 p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest goat hides and skins supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Japan totaled -5.5%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, jumping by 47% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.7%).

Imports of Goat Or Kid Hides And Skins

Imports in Eastern Asia

In 2021, approx. X tons of goat or kid hides and skins were imported in Eastern Asia; waning by -34.8% on the previous year. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports rose modestly to $X in 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by 6.6% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China was the main importer of goat or kid hides and skins in Eastern Asia, with the volume of imports reaching X tons, which was approx. 61% of total imports in 2021. Taiwan (Chinese) (X tons) took a 20% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (8.4%) and South Korea (7.3%). Japan (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to goat hides and skins imports into China stood at -10.0%. Japan (-7.7%), South Korea (-13.6%), Taiwan (Chinese) (-24.0%) and Hong Kong SAR (-27.3%) illustrated a downward trend over the same period. China (+34 p.p.), South Korea (+2.6 p.p.) and Japan (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -17.3% and -21.1% from 2012 to 2021, respectively.

In value terms, Japan ($X) constitutes the largest market for imported goat or kid hides and skins in Eastern Asia, comprising 61% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Hong Kong SAR, with a 9.6% share.

In Japan, goat hides and skins imports decreased by an average annual rate of -5.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (-11.8% per year) and Hong Kong SAR (-19.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, surging by 57% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price decreased by -11.4% against 2019 indices. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($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 (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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