ECOWAS: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in ECOWAS

The ECOWAS sheepskin and lambskin market dropped to $X in 2022, shrinking by -4.1% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.4% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in ECOWAS

In value terms, sheepskin and lambskin production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a measured increase. The growth pace was the most rapid in 2014 with an increase of 73% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The country with the largest volume of sheepskin and lambskin production was Nigeria (X tons), accounting for 47% of total volume. Moreover, sheepskin and lambskin production in Nigeria exceeded the figures recorded by the second-largest producer, Senegal (X tons), threefold. The third position in this ranking was held by Burkina Faso (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume in Nigeria stood at +2.1%. The remaining producing countries recorded the following average annual rates of production growth: Senegal (+4.3% per year) and Burkina Faso (-0.1% per year).

In 2022, the average sheepskin and lambskin yield in ECOWAS reduced modestly to X kg per head, remaining constant against the previous year. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 4.5% against the previous year. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for sheepskin and lambskin production in ECOWAS dropped to X heads, almost unchanged from 2021 figures. This number increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of 6.9%. Over the period under review, this number hit record highs at X heads in 2021, and then fell slightly in the following year.

Sheepskin And Lambskin Exports

Exports in ECOWAS

In 2022, the amount of sheep or lamb skins (without wool) exported in ECOWAS expanded notably to X tons, picking up by 11% against the year before. Over the period under review, exports, however, faced a precipitous decline. The pace of growth was the most pronounced in 2019 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin exports declined slightly to $X in 2022. In general, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso dominates exports structure, resulting at X tons, which was near 66% of total exports in 2022. Senegal (X tons) held an 8.1% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (7.7%), Togo (6.3%) and Mali (5.7%). The following exporters - Niger (X tons) and Cote d'Ivoire (X tons) - each resulted at a 4.6% share of total exports.

Exports from Burkina Faso decreased at an average annual rate of -8.0% from 2012 to 2022. At the same time, Cote d'Ivoire (+15.6%) and Mali (+6.7%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +15.6% from 2012-2022. By contrast, Togo (-11.8%), Niger (-22.7%), Nigeria (-26.0%) and Senegal (-35.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Burkina Faso, Mali, Togo and Cote d'Ivoire increased by +52, +5.5, +4.3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) remains the largest sheepskin and lambskin supplier in ECOWAS, comprising 64% of total exports. The second position in the ranking was held by Senegal ($X), with a 14% share of total exports. It was followed by Nigeria, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Burkina Faso amounted to -7.6%. In the other countries, the average annual rates were as follows: Senegal (-35.6% per year) and Nigeria (-23.4% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, waning by -11.5% against the previous year. In general, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+5.1%), while the other leaders experienced more modest paces of growth.

Sheepskin And Lambskin Imports

Imports in ECOWAS

In 2022, overseas purchases of sheep or lamb skins (without wool) increased by 3.4% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 189%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sheepskin and lambskin imports fell to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 374%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Gambia (X tons), Togo (X tons) and Cote d'Ivoire (X tons) represented roughly 90% of total imports in 2022. It was distantly followed by Ghana (X tons), creating a 7.6% share of total imports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +44.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) constitutes the largest market for imported sheep or lamb skins (without wool) in ECOWAS, comprising 47% of total imports. The second position in the ranking was taken by Gambia ($X), with a 21% share of total imports. It was followed by Ghana, with a 17% share.

In Togo, sheepskin and lambskin imports increased at an average annual rate of +27.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Gambia (+25.9% per year) and Ghana (-6.9% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, falling by -9.6% against the previous year. Over the period under review, the import price recorded a deep reduction. The growth pace was the most rapid in 2013 when the import price increased by 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform