ECOWAS - Goat Hides and Skins - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Market for Goat Or Kid Hides And Skins 2024
Market Size for Goat Or Kid Hides And Skins in ECOWAS
The ECOWAS goat hides and skins market reduced to $X in 2021, dropping by -5.1% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.
Production of Goat Or Kid Hides And Skins in ECOWAS
In value terms, goat hides and skins production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 90% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.
Nigeria (X tons) constituted the country with the largest volume of goat hides and skins production, comprising approx. 53% of total volume. Moreover, goat hides and skins production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), threefold. The third position in this ranking was taken by Ghana (X tons), with a 7.7% share.
In Nigeria, goat hides and skins production increased at an average annual rate of +1.9% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (+4.7% per year) and Ghana (+4.4% per year).
In 2021, the average yield of goat or kid hides and skins in ECOWAS reduced to X kg per head, with a decrease of -2% on the previous year's figure. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 6.3% against the previous year. Over the period under review, the goat hides and skins yield attained the peak level at X kg per head in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure.
In 2021, the number of animals slaughtered for goat hides and skins production in ECOWAS dropped modestly to X heads, leveling off at 2020. This number increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 6.6%. The level of producing animals peaked at X heads in 2020, and then declined modestly in the following year.
Exports of Goat Or Kid Hides And Skins
Exports in ECOWAS
In 2021, overseas shipments of goat or kid hides and skins were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 55% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.
In value terms, goat hides and skins exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 142% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.
Exports by Country
Nigeria prevails in exports structure, resulting at X tons, which was near 81% of total exports in 2021. It was distantly followed by Senegal (X tons) and Ghana (X tons), together generating a 14% share of total exports. The following exporters - Togo (X tons) and Benin (X tons) - each recorded a 4.2% share of total exports.
Exports from Nigeria increased at an average annual rate of +37.1% from 2012 to 2021. At the same time, Benin (+106.5%), Ghana (+60.1%) and Togo (+29.9%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +106.5% from 2012-2021. By contrast, Senegal (-25.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria, Ghana, Togo and Benin increased by +76, +6.5, +2.2 and +1.7 percentage points, respectively.
In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of exports in 2021, with a combined 63% share of total exports.
Ghana, with a CAGR of +85.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the export price in ECOWAS amounted to $X per ton, picking up by 20% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by 206% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+15.6%), while the other leaders experienced a decline in the export price figures.
Imports of Goat Or Kid Hides And Skins
Imports in ECOWAS
In 2021, after five years of growth, there was significant decline in purchases abroad of goat or kid hides and skins, when their volume decreased by -42.4% to X tons. Over the period under review, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 173%. The volume of import peaked at X tons in 2020, and then shrank significantly in the following year.
In value terms, goat hides and skins imports declined notably to $X in 2021. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 240% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.
Imports by Country
The purchases of the one major importers of goat or kid hides and skins, namely Nigeria, represented more than two-thirds of total import.
Nigeria was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of +63.5% from 2012 to 2021. Nigeria (+64 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) constitutes the largest market for imported goat or kid hides and skins in ECOWAS.
In Nigeria, goat hides and skins imports increased at an average annual rate of +72.2% over the period from 2012-2021.
Import Prices by Country
The import price in ECOWAS stood at $X per ton in 2021, shrinking by -9.6% against the previous year. Over the period under review, the import price, however, posted a slight expansion. The growth pace was the most rapid in 2020 when the import price increased by 74%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Nigeria.
From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to +5.3% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for goat hides and skins in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1025 - Goatskins, fresh
- FCL 1026 - Skins, Wet-Salted (Goats)
- FCL 1027 - Skins, Dry-Salted (Goats)
- FCL 1028 - Skins nes, Goats
- FCL 1044 - Pigskins, fresh
- FCL 1045 - Skins, Wet-Salted (Pigs)
- FCL 1046 - Skins, Dry-Salted (Pigs)
- FCL 1047 - Skins nes, Pigs
- FCL 1133 - Camel hides, fresh
- FCL 1134 - Hides, Wet-Salted (Camels)
- FCL 1135 - Hides, Dry-Salted (Camels)
- FCL 1136 - Hides nes, Camels
- FCL 1213 - Hides and skins nes, fresh
- FCL 1214 - Hides, Wet-Salted nes
- FCL 1215 - Hides, Dry-Salted nes
- FCL 1216 - Hides nes
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ECOWAS, split by region and country
- Trade (exports and imports) in ECOWAS
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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