Finland: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Finland

The Finnish goat hides and skins market dropped markedly to $X in 2021, with a decrease of -97.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a precipitous decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Finland

In 2021, exports of goat or kid hides and skins from Finland contracted remarkably to X tons, falling by -28.9% against the previous year's figure. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports declined significantly to $X in 2021. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2013 when exports increased by 12%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for goat hides and skins exports from Finland, accounting for a 47% share of total exports. Moreover, goat hides and skins exports to Poland exceeded the volume sent to the second major destination, the United States (X tons), twofold. Russia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+178.5% per year) and Russia (+1.4% per year).

In value terms, the United States ($X), Russia ($X) and Kenya ($X) constituted the largest markets for goat hides and skins exported from Finland worldwide, with a combined 71% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +206.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, reducing by -7.4% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 110%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the 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 New Zealand ($X per ton), while the average price for exports to Poland ($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 Kenya (+79.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Finland

In 2021, approx. X tons of goat or kid hides and skins were imported into Finland; reducing by -86.8% on the previous year. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 64%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports dropped rapidly to $X in 2021. Over the period under review, imports faced a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 85%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Estonia (X tons) and Norway (X tons) were the main suppliers of goat hides and skins imports to Finland, with a combined 94% share of total imports. These countries were followed by the UK, which accounted for a further 5.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +95.5%), while imports for the other leaders experienced a decline.

In value terms, Russia ($X) constituted the largest supplier of goat or kid hides and skins to Finland, comprising 82% of total imports. The second position in the ranking was held by Norway ($X), with a 12% share of total imports. It was followed by Estonia, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-33.0% per year) and Estonia (-18.0% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, surging by 6.8% against the previous year. In general, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price decreased by -21.8% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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