GCC: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in GCC

In 2021, after two years of growth, there was decline in the GCC goat hides and skins market, when its value decreased by -1.5% to $X. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.4% against 2017 indices. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Goat Or Kid Hides And Skins in GCC

In value terms, goat hides and skins production shrank to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 53%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Saudi Arabia (X tons), the United Arab Emirates (X tons) and Oman (X tons), with a combined 98% share of total production.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +6.9%), while production for the other leaders experienced more modest paces of growth.

The average goat hides and skins yield expanded slightly to X kg per head in 2021, growing by 3% compared with the year before. Overall, the yield recorded a relatively flat trend pattern. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

In 2021, number of animals slaughtered for goat hides and skins production in GCC dropped to X heads, remaining constant against 2020. The total number of producing animals indicated a strong expansion from 2012 to 2021: its figure increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for goat hides and skins production increased by +56.6% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the number of producing animals increased by 23% against the previous year. As a result, the amount of animals produced reached the peak level of X heads, leveling off in the following year.

Exports of Goat Or Kid Hides And Skins

Exports in GCC

In 2021, overseas shipments of goat or kid hides and skins were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 147%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, goat hides and skins exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 109%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia was the largest exporting country with an export of around X tons, which reached 68% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Oman (X tons), together committing a 32% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +18.9% from 2012 to 2021. Oman (-11.3%) and the United Arab Emirates (-14.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia increased by +59 percentage points.

In value terms, Saudi Arabia ($X) remains the largest goat hides and skins supplier in GCC, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia amounted to +17.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-12.2% per year) and Oman (-3.8% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+8.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in GCC

In 2021, overseas purchases of goat or kid hides and skins were finally on the rise to reach X tons after six years of decline. Overall, imports, however, continue to indicate a precipitous contraction. The growth pace was the most rapid in 2014 with an increase of 168%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kuwait represented the key importer of goat or kid hides and skins in GCC, with the volume of imports recording X tons, which was approx. 58% of total imports in 2021. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Saudi Arabia (X kg). All these countries together held approx. 39% share of total imports. Oman (X kg) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +54.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported goat or kid hides and skins in GCC, comprising 70% of total imports. The second position in the ranking was taken by Kuwait ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 7% share.

In Saudi Arabia, goat hides and skins imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+67.7% per year) and the United Arab Emirates (-31.5% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, with an increase of 193% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform