Hong Kong SAR, China: Market for Goat Or Kid Hides And Skins 2025

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

In 2021, the Hong Kong goat hides and skins market decreased by -83.7% to $X, falling for the fifth consecutive year after five years of growth. In general, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, goat hides and skins production expanded sharply to $X in 2021 estimated in export price. In general, production showed a pronounced descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average yield of goat or kid hides and skins in Hong Kong SAR dropped notably to X kg per head, which is down by -98.6% against the year before. Overall, the yield continues to indicate a precipitous slump. The most prominent rate of growth was recorded in 2014 when the yield increased by 12% against the previous year. The goat hides and skins yield peaked at X kg per head in 2020, and then declined sharply in the following year.

In 2021, number of animals slaughtered for goat hides and skins production in Hong Kong SAR dropped to X heads, with a decrease of -3% compared with the previous year. Over the period under review, the number of producing animals continues to indicate a slight curtailment. The growth pace was the most rapid in 2013 with an increase of 5% against the previous year. As a result, the number of producing animals attained 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, shipments abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 136% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports soared to $X in 2021. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 261% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for goat hides and skins exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -14.8%.

In value terms, China ($X) also remains the key foreign market for goat or kid hides and skins exports from Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -15.2%.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, growing by 9.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 53%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to +21.7% per year.

Imports of Goat Or Kid Hides And Skins

Imports into Hong Kong SAR, China

After four years of decline, supplies from abroad of goat or kid hides and skins increased by 52% to X tons in 2021. Overall, imports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 113%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, goat hides and skins imports surged to $X in 2021. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by 208%. As a result, imports reached 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, with a 31% 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. The third position in this ranking was held by Brazil (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Somalia stood at +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 Ghana ($X), with a combined 65% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +133.8%, recorded 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

The average goat hides and skins import price stood at $X per ton in 2021, with an increase of 1.5% against the previous year. In general, the import price posted a temperate expansion. The pace of growth appeared the most rapid in 2015 an increase of 56% against the previous year. 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 ($X per ton), while the price for Somalia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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