Egypt: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Egypt

The Egyptian goat hides and skins market dropped to $X in 2021, reducing by -9.3% against the previous year. In general, consumption recorded a deep setback. 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 Egypt

In value terms, goat hides and skins production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 174% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

The average yield of goat or kid hides and skins in Egypt declined to X kg per head in 2021, with a decrease of -5.9% compared with the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by 113%. As a result, the yield attained the peak level of X kg per head, and then fell in the following year.

In 2021, number of animals slaughtered for goat hides and skins production in Egypt shrank to X heads, waning by -8.4% compared with the previous year. Over the period under review, the number of producing animals recorded a deep reduction. The growth pace was the most rapid in 2015 with an increase of 5.5%. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2016; however, from 2017 to 2021, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from Egypt

In 2021, the amount of goat or kid hides and skins exported from Egypt contracted significantly to X tons, waning by -27.3% against the previous year's figure. In general, exports showed a dramatic slump. The pace of growth was the most pronounced in 2016 when exports increased by 425%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports surged to $X in 2021. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 94%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for goat hides and skins exports from Egypt, accounting for a 67% share of total exports. Moreover, goat hides and skins exports to South Korea exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold. India (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-16.4% per year) and India (-27.6% per year).

In value terms, South Korea ($X) remains the key foreign market for goat or kid hides and skins exports from Egypt, comprising 71% of total exports. The second position in the ranking was held by India ($X), with a 9% share of total exports. It was followed by Hong Kong SAR, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-25.1% per year) and Hong Kong SAR (-14.6% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, jumping by 91% against the previous year. Overall, the export price enjoyed measured growth. The most prominent rate of growth was recorded in 2014 an increase of 183%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Egypt

After two years of decline, overseas purchases of goat or kid hides and skins increased by 349% to X tons in 2021. Over the period under review, imports continue to indicate tangible growth. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports surged to $X in 2021. In general, imports saw a tangible expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Jordan (X tons) constituted the largest goat hides and skins supplier to Egypt, with a 85% share of total imports. Moreover, goat hides and skins imports from Jordan exceeded the figures recorded by the second-largest supplier, Libya (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Jordan totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Libya (+12.6% per year) and Lebanon (+7.3% per year).

In value terms, Jordan ($X), Lebanon ($X) and Libya ($X) were the largest goat hides and skins suppliers to Egypt.

In terms of the main suppliers, Lebanon, with a CAGR of +36.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, picking up by 2.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 9%. The import price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Lebanon ($X per ton), while the price for Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+26.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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