Hong Kong SAR, China: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in Hong Kong SAR, China

The Hong Kong sheepskin and lambskin market skyrocketed to $X in 2022, with an increase of 1,449% against the previous year. Overall, consumption, however, faced a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Hong Kong SAR, China

In value terms, sheepskin and lambskin production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 with an increase of 111%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of sheep or lamb skins (without wool) in Hong Kong SAR soared to X tons per head in 2022, rising by 2,551,817% against the previous year. Over the period under review, the yield, however, showed a abrupt slump. The sheepskin and lambskin yield peaked at X tons per head in 2014; however, from 2015 to 2022, the yield remained at a lower figure.

The number of animals slaughtered for sheepskin and lambskin production in Hong Kong SAR amounted to X head in 2022, therefore, remained relatively stable against the year before. Over the period under review, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by 8.3% against the previous year. Over the period under review, this number hit record highs in 2022 and is likely to continue growth in years to come.

Sheepskin And Lambskin Exports

Exports from Hong Kong SAR, China

In 2022, after three years of decline, there was growth in shipments abroad of sheep or lamb skins (without wool), when their volume increased by 3.2% to X tons. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 2,008% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin exports contracted slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by 1,865%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), China (X tons) and Vietnam (X kg) were the main destinations of sheepskin and lambskin exports from Hong Kong SAR, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +43.3%), while shipments for the other leaders experienced a decline.

In value terms, Bangladesh ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from Hong Kong SAR, comprising 84% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh totaled +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-24.4% per year) and Vietnam (-17.0% per year).

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2022, reducing by -3.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+2.2%), while the prices for the other major destinations experienced a decline.

Sheepskin And Lambskin Imports

Imports into Hong Kong SAR, China

In 2022, sheepskin and lambskin imports into Hong Kong SAR shrank rapidly to X tons, declining by -23.1% compared with the previous year's figure. Overall, imports recorded a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of 226%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sheepskin and lambskin imports declined to $X in 2022. In general, imports showed a sharp slump. The most prominent rate of growth was recorded in 2016 with an increase of 136%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Cyprus (X tons) and Kuwait (X tons) were the main suppliers of sheepskin and lambskin imports to Hong Kong SAR, together accounting for 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of -16.6%), while imports for the other leaders experienced a decline.

In value terms, Iran ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Hong Kong SAR, comprising 68% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.5% share of total imports. It was followed by Spain, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Iran totaled -23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-30.8% per year) and Spain (-27.9% per year).

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2022, increasing by 17% against the previous year. In general, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 80% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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