Report Hong Kong SAR, China - Sheepskin and Lambskin - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Hong Kong SAR, China - Sheepskin and Lambskin - Market Analysis, Forecast, Size, Trends and Insights

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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 shrank dramatically to $X in 2021, with a decrease of -88.4% against the previous year. Overall, consumption faced a sharp slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sheepskin And Lambskin Production in Hong Kong SAR, China

In value terms, sheepskin and lambskin production declined remarkably to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 147% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

The average yield of sheep or lamb skins (without wool) in Hong Kong SAR declined remarkably to X kg per head in 2021, falling by 99.9% against 2020 figures. Over the period under review, the yield faced a precipitous setback. The growth pace was the most rapid in 2019 when the yield increased by 1.6%. The sheepskin and lambskin yield peaked at X tons per head in 2014; however, from 2015 to 2021, the yield stood at a somewhat lower figure.

In 2021, approx. X head of animals slaughtered for sheepskin and lambskin production in Hong Kong SAR; stabilizing at 2020 figures. In general, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 8.3%. Over the period under review, this number attained the maximum level in 2021 and is expected to retain growth in the near future.

Sheepskin And Lambskin Exports

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was growth in overseas shipments of sheep or lamb skins (without wool), when their volume increased by 3.2% to X tons. In general, exports, however, continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2016 when exports increased by 159%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, sheepskin and lambskin exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 108%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Bangladesh (X tons) and Indonesia (X tons) were the main destinations of sheepskin and lambskin exports from Hong Kong SAR, together comprising 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +83.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sheepskin and lambskin exported from Hong Kong SAR were Indonesia ($X), Bangladesh ($X) and China ($X), together accounting for 83% of total exports.

Indonesia, with a CAGR of +120.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sheepskin and lambskin export price amounted to $X per ton, jumping by 44% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 an increase of 76% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sheepskin And Lambskin Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of sheep or lamb skins (without wool) were imported into Hong Kong SAR; increasing by 34% on the year before. Overall, imports, however, recorded a dramatic contraction. The growth pace was the most rapid in 2016 when imports increased by 283%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, sheepskin and lambskin imports rose sharply to $X in 2021. Over the period under review, imports, however, recorded a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of 114% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Jordan (X tons), Kuwait (X tons) and Senegal (X tons) were the main suppliers of sheepskin and lambskin imports to Hong Kong SAR, together comprising 63% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Senegal (with a CAGR of +41.9%), while imports for the other leaders experienced a decline.

In value terms, Iran ($X), Jordan ($X) and South Africa ($X) were the largest sheepskin and lambskin suppliers to Hong Kong SAR, together comprising 63% of total imports. These countries were followed by Senegal, Kuwait, Spain, Saudi Arabia, Cyprus, Peru and Australia, which together accounted for a further 19%.

Among the main suppliers, Senegal, with a CAGR of +19.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, waning by -14% against the previous year. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 49%. The import price peaked at $X per ton in 2013; however, from 2014 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 Iran ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+23.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of sheepskin and lambskin consumption was China, accounting for 44% of total volume. Moreover, sheepskin and lambskin consumption in China exceeded the figures recorded by the second-largest consumer, Mongolia, more than tenfold. Turkey ranked third in terms of total consumption with a 3% share.
China remains the largest sheepskin and lambskin producing country worldwide, comprising approx. 32% of total volume. Moreover, sheepskin and lambskin production in China exceeded the figures recorded by the second-largest producer, Australia, fourfold. The third position in this ranking was occupied by New Zealand, with a 4.3% share.
In value terms, Oman constituted the largest supplier of sheepskin and lambskin to Hong Kong SAR, comprising 28% of total imports. The second position in the ranking was occupied by South Africa, with a 1.1% share of total imports. It was followed by India, with a 0.2% share.
In value terms, China remains the key foreign market for sheepskin and lambskin exports from Hong Kong SAR.
The average sheepskin and lambskin export price stood at $1,728 per ton in 2020, dropping by -24.8% against the previous year.
The average sheepskin and lambskin import price stood at $705 per ton in 2020, shrinking by -9.3% against the previous year.

This report provides an in-depth analysis of the sheepskin and lambskin market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 995 - Sheepskins, fresh
  • FCL 996 - Skins, Wet-Salted (Sheep)
  • FCL 997 - Skins, Dry-Salted (Sheep)
  • FCL 998 - Skins nes, Sheep
  • FCL 999 - Skins with Wool, Sheep

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Producing Animals Slaughtered, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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