Faroe Islands: Sheepskin And Lambskin Market 2020

Sheepskin And Lambskin Market Size in Faroe Islands

The revenue of the sheepskin and lambskin market in Faroe Islands amounted to $X in 2018, lowering by -X% against the previous year. In general, sheepskin and lambskin consumption continues to indicate a significant decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Sheepskin and lambskin consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Faroe Islands

In value terms, sheepskin and lambskin production totaled $X in 2018 estimated in export prices. In general, sheepskin and lambskin production continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2009 when production volume increased by X% against the previous year. In that year, sheepskin and lambskin production attained its peak level of $X. From 2010 to 2018, sheepskin and lambskin production growth remained at a lower figure.

Sheepskin And Lambskin Exports

Exports from Faroe Islands

In 2018, approx. X tons of sheep or lamb skins (without wool) were exported from Faroe Islands; surging by X% against the previous year. In general, sheepskin and lambskin exports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, sheepskin and lambskin exports stood at $X in 2018. Over the period under review, sheepskin and lambskin exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for sheepskin and lambskin exports from Faroe Islands, with a X% share of total exports. Moreover, sheepskin and lambskin exports to Germany exceeded the volume sent to the second major destination, Norway (X tons), threefold.

From 2007 to 2018, the average annual growth rate of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Poland (+X% per year).

In value terms, Germany ($X) remains the key foreign market for sheepskin and lambskin exports from Faroe Islands, comprising X% of total sheepskin and lambskin exports. The second position in the ranking was occupied by Norway ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Poland (+X% per year).

Export Prices by Country

In 2018, the average sheepskin and lambskin export price amounted to $X per ton, declining by -X% against the previous year. In general, the sheepskin and lambskin export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. In that year, the average export prices for sheep or lamb skins (without wool) reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the average export prices for sheep or lamb skins (without wool) remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced mixed trend patterns.

Sheepskin And Lambskin Imports

Imports into Faroe Islands

In 2018, the sheepskin and lambskin imports into Faroe Islands amounted to X kg, lowering by -X% against the previous year. Over the period under review, sheepskin and lambskin imports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2009 when imports increased by X% y-o-y. Over the period under review, sheepskin and lambskin imports attained their maximum at X tons in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, sheepskin and lambskin imports totaled $X in 2018. In general, sheepskin and lambskin imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. In that year, sheepskin and lambskin imports attained their peak of $X. From 2014 to 2018, the growth of sheepskin and lambskin imports remained at a somewhat lower figure.

Imports by Country

In 2018, Iceland (X kg) was the main supplier of sheepskin and lambskin to Faroe Islands, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Iceland amounted to -X%.

In value terms, Iceland ($X) constituted the largest supplier of sheepskin and lambskin to Faroe Islands.

From 2007 to 2018, the average annual growth rate of value from Iceland amounted to -X%.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the sheepskin and lambskin import price continues to indicate a precipitous setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for sheep or lamb skins (without wool) reached their maximum at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Iceland.

From 2007 to 2018, the rate of growth in terms of prices for Iceland amounted to -X% per year.

Source: IndexBox Platform