Egypt: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Egypt

The Egyptian goat hides and skins market shrank to $X in 2021, waning by -7.8% against the previous year. Over the period under review, consumption continues to indicate a deep contraction. As a result, consumption attained the peak level of $X. From 2017 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 fell modestly to $X in 2021 estimated in export price. In general, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 130% against the previous year. Goat hides and skins production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in Egypt reduced to X kg per head, waning by -5.9% on 2020. Overall, 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 reached the peak level of X kg per head, and then contracted in the following year.

In 2021, number of animals slaughtered for goat hides and skins production in Egypt contracted to X heads, reducing by -8.4% against the previous year. Overall, the number of producing animals saw a abrupt curtailment. The pace of growth appeared 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 stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Egypt

After three years of decline, shipments abroad of goat or kid hides and skins increased by 51% to X tons in 2021. Over the period under review, exports, however, saw a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of 622%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 431% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons) was the main destination for goat hides and skins exports from Egypt, accounting for a 68% 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. China (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +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 China (-37.9% per year).

In value terms, South Korea ($X) remains the key foreign market for goat or kid hides and skins exports from Egypt, comprising 79% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.2% share of total exports. It was followed by China, with a 3.3% 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: Hong Kong SAR (-14.6% per year) and China (-29.7% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, growing by 33% against the previous year. In general, the export price posted a notable increase. The most prominent rate of growth was recorded in 2018 an increase of 99% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

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

In 2021, supplies from abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a pronounced increase. Imports peaked 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. Over the period under review, imports recorded a perceptible 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, accounting for 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, the largest goat hides and skins suppliers to Egypt were Jordan ($X), Lebanon ($X) and Libya ($X).

In terms of the main suppliers, Lebanon, with a CAGR of +36.1%, recorded 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

In 2021, the average goat hides and skins import price amounted to $X per ton, rising by 2.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 9%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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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