Ghana: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Ghana

In 2021, after two years of decline, there was significant growth in the Ghanian goat hides and skins market, when its value increased by 5.4% to $X. In general, consumption posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Ghana

In value terms, goat hides and skins production rose sharply to $X in 2021 estimated in export price. Overall, production posted buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 113%. Goat hides and skins production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

The average yield of goat or kid hides and skins in Ghana stood at X kg per head in 2021, standing approx. at the previous year. The yield figure increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 8% against the previous year. The goat hides and skins yield peaked in 2021 and is likely to see steady growth in the near future.

In 2021, number of animals slaughtered for goat hides and skins production in Ghana rose to X heads, increasing by 3.1% compared with the previous year's figure. This number increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 6.2% against the previous year. Over the period under review, this number attained the maximum level in 2021 and is likely to continue growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports from Ghana

In 2021, overseas shipments of goat or kid hides and skins were finally on the rise to reach X tons after three years of decline. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 85,939% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, goat hides and skins exports soared to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 163,918%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for goat hides and skins exports from Ghana, with a 99% share of total exports. It was followed by the United States (X tons), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at +63.2%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for goat or kid hides and skins exports from Ghana, comprising 100% of total exports. The second position in the ranking was held by the United States ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR stood at +86.7%.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, increasing by 29% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 158%. As a result, the export price attained the peak level of $X per ton. From 2019 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 Hong Kong SAR ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+14.4%).

Imports of Goat Or Kid Hides And Skins

Imports into Ghana

In 2021, overseas purchases of goat or kid hides and skins increased by 40% to X kg, rising for the second year in a row after four years of decline. Overall, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 142%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports declined to $X in 2021. In general, imports, however, faced a dramatic decrease. The growth pace was the most rapid in 2014 with an increase of 76% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Senegal (X kg), Kenya (X kg) and Spain (X kg) were the main suppliers of goat hides and skins imports to Ghana, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +18.6%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of goat or kid hides and skins to Ghana, comprising 33% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Senegal, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-33.5% per year) and Senegal (-22.2% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, with a decrease of -37.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 85% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+566.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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