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

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