Eastern Asia: Market for Goat Or Kid Hides And Skins 2025

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

In 2021, the East Asian goat hides and skins market increased by 5.9% to $X, rising for the fourth year in a row after five years of decline. Over the period under review, consumption, however, showed a deep setback. Over the period under review, the market attained the maximum level 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 Eastern Asia

In value terms, goat hides and skins production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2018 when the production volume increased by 41%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The country with the largest volume of goat hides and skins production was China (X tons), accounting for 92% of total volume. Moreover, goat hides and skins production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), more than tenfold.

In China, goat hides and skins production increased 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 (-3.7% per year) and Taiwan (Chinese) (+50.1% per year).

The average goat hides and skins yield contracted modestly to X kg per head in 2021, declining by -1.7% compared with the year before. The yield figure increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 13%. The level of yield peaked at X kg per head in 2020, and then shrank modestly in the following year.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Eastern Asia; surging by 6.9% against the year before. This number increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations 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

In 2021, the amount of goat or kid hides and skins exported in Eastern Asia dropped rapidly to X tons, which is down by -56.2% against 2020 figures. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 110% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports fell modestly to $X in 2021. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan was the major exporting country with an export of around X tons, which reached 69% of total exports. It was distantly followed by Hong Kong SAR (X tons), making up a 31% share of total exports.

Japan was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of -12.7% from 2012 to 2021. Hong Kong SAR (-15.2%) illustrated a downward trend over the same period. Japan (+6 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -5.8% from 2012 to 2021, respectively.

In value terms, Japan ($X) remains the largest goat hides and skins supplier in Eastern Asia, comprising 69% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 30% share of total exports.

In Japan, goat hides and skins exports shrank by an average annual rate of -10.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 122% against the previous year. Overall, the export price recorded a slight increase. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.6%).

Imports of Goat Or Kid Hides And Skins

Imports in Eastern Asia

After five years of decline, purchases abroad of goat or kid hides and skins increased by 31% to X tons in 2021. Overall, imports, however, faced a drastic downturn. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports rose sharply to $X in 2021. In general, imports, however, faced a abrupt decrease. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China represented the key importer of goat or kid hides and skins in Eastern Asia, with the volume of imports accounting for X tons, which was near 59% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together committing a 41% share of total imports.

Imports into China decreased at an average annual rate of -10.9% from 2012 to 2021. Japan (-6.3%), Hong Kong SAR (-12.9%) and Taiwan (Chinese) (-26.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Hong Kong SAR and Japan increased by +26, +5.6 and +3.7 percentage points, respectively.

In value terms, Japan ($X) constitutes the largest market for imported goat or kid hides and skins in Eastern Asia, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Hong Kong SAR, with a 10% share.

In Japan, goat hides and skins imports declined by an average annual rate of -5.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (-12.3% per year) and Hong Kong SAR (-9.6% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, declining by -14.1% against the previous year. Overall, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 when the import price increased by 51%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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 (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :