Hong Kong SAR, China: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Hong Kong SAR, China

The Hong Kong goat hides and skins market contracted remarkably to $X in 2021, which is down by -78% against the previous year. In general, consumption showed a dramatic setback. Goat hides and skins consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Hong Kong SAR, China

In value terms, goat hides and skins production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a moderate increase. The growth pace was the most rapid in 2016 with an increase of 122% against the previous year. 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 Hong Kong SAR expanded to X kg per head in 2021, picking up by 4.2% compared with the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 9.1%. Over the period under review, the average goat hides and skins yield hit record highs in 2021 and is expected to retain growth in the immediate term.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Hong Kong SAR; falling by -3% on 2020. Over the period under review, the number of producing animals saw a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 5% against the previous year. As a result, the number of animals produced reached the peak level of X heads. From 2014 to 2021, the growth of this number remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Hong Kong SAR, China

In 2021, overseas shipments of goat or kid hides and skins were finally on the rise to reach X tons after four years of decline. In general, exports, however, showed a dramatic descent. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood 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, saw a sharp descent. The growth pace was the most rapid in 2016 when exports increased by 179%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for goat hides and skins exports from Hong Kong SAR, with a 99% share of total exports. It was followed by Vietnam (X tons), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at -25.9%.

In value terms, China ($X) remains the key foreign market for goat or kid hides and skins exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was held by Vietnam ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -20.9%.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 113% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.7%).

Imports of Goat Or Kid Hides And Skins

Imports into Hong Kong SAR, China

Goat hides and skins imports into Hong Kong SAR contracted sharply to X tons in 2021, waning by -36.6% against 2020 figures. Overall, imports faced a precipitous setback. The growth pace was the most rapid in 2016 when imports increased by 48%. Over the period under review, imports hit record highs 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 expanded markedly to $X in 2021. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 166%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Somalia (X tons) constituted the largest supplier of goat hides and skins to Hong Kong SAR, accounting for a 29% share of total imports. Moreover, goat hides and skins imports from Somalia exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Somalia amounted to +52.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+21.1% per year) and Brazil (+131.9% per year).

In value terms, the largest goat hides and skins suppliers to Hong Kong SAR were Brazil ($X), Colombia ($X) and the United States ($X), together comprising 57% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +133.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, increasing by 79% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 80%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 Ghana ($X per ton), while the price for Greece ($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 States (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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