Ghana: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Ghana

The Ghanian goat hides and skins market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a prominent increase. As a result, consumption reached 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 markedly to $X in 2021 estimated in export price. Overall, production saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 113% against the previous year. Goat hides and skins production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

The average yield of goat or kid hides and skins in Ghana totaled X kg per head in 2021, stabilizing at 2020. The yield figure increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the yield increased by 8%. Over the period under review, the average goat hides and skins yield reached the maximum level in 2021 and is expected to retain growth in years to come.

The number of animals slaughtered for goat hides and skins production in Ghana stood at X heads in 2021, growing by 3.1% on 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 in certain years. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by 6.2%. Over the period under review, this number attained the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports from Ghana

In 2021, shipments abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 86,016%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, goat hides and skins exports surged to $X in 2021. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 163,918% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +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. In general, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 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 somewhat 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

Goat hides and skins imports into Ghana was estimated at X kg in 2021, increasing by 4.4% against 2020. In general, imports, however, showed a sharp contraction. The pace of growth was the most pronounced in 2014 with an increase of 142%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports reduced to $X in 2021. Overall, imports, however, saw a precipitous decline. The most prominent rate of growth was recorded in 2014 when imports increased by 76% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Senegal (X kg) constituted the largest goat hides and skins supplier to Ghana, accounting for a 49% share of total imports. Moreover, goat hides and skins imports from Senegal exceeded the figures recorded by the second-largest supplier, Spain (X kg), fourfold. Italy (X kg) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Senegal totaled -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-34.6% per year) and Italy (-20.1% per year).

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 amounted to -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, shrinking by -16.7% against the previous year. In general, the import price, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2016 an increase of 80% against the previous year. Over the period under review, average import prices attained the maximum 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 ($X per ton), while the price for Mali ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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