ECOWAS: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in ECOWAS

In 2021, after four years of growth, there was decline in the ECOWAS goat hides and skins market, when its value decreased by -1.9% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 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 totaled $X in 2021 estimated in export price. Overall, production saw a slight shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

The country with the largest volume of goat hides and skins production was Nigeria (X tons), 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. Ghana (X tons) ranked third in terms of total production with a 7.7% share.

In Nigeria, goat hides and skins production expanded at an average annual rate of +1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: 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 dropped to X kg per head, waning by -2% compared with 2020. In general, the yield, however, showed 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. The level of yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure.

In 2021, number of animals slaughtered for goat hides and skins production in ECOWAS shrank slightly to X heads, approximately equating 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 pace of growth appeared the most rapid in 2019 with an increase of 6.6% against the previous year. The level of producing animals peaked at X heads in 2020, and then dropped slightly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports in ECOWAS

In 2021, shipments abroad of goat or kid hides and skins decreased by -20.4% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 70% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports expanded rapidly to $X in 2021. Overall, exports recorded a perceptible slump. The growth pace was the most rapid in 2014 when exports increased by 156% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria was the key exporting country with an export of around X tons, which recorded 40% of total exports. Senegal (X tons) took the second position in the ranking, followed by Ghana (X tons), Togo (X tons) and Benin (X tons). All these countries together held approx. 56% share of total exports. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Benin (with a CAGR of +85.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest goat hides and skins supplying countries in ECOWAS were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined 93% share of total exports.

Ghana, with a CAGR of +85.1%, recorded the highest rates of growth with regard to the value of exports, among 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, rising by 32% against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 70%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Benin ($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

After five years of growth, supplies from abroad of goat or kid hides and skins decreased by -45.7% to X tons in 2021. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 175%. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped significantly in the following year.

In value terms, goat hides and skins imports reduced remarkably to $X in 2021. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 247%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

The countries with the highest levels of goat hides and skins imports in 2021 were Nigeria (X tons), together resulting at 99% of total import.

Nigeria was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of +62.8% from 2012 to 2021. From 2012 to 2021, the share of Nigeria increased by +66 percentage points, 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.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +72.2%.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, declining by -6.1% against the previous year. Overall, the import price, however, posted a measured expansion. The pace of growth was the most pronounced in 2020 an increase of 75% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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 +5.8% per year.

Source: IndexBox Platform