Hungary: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Hungary

In 2021, the Hungarian goat hides and skins market decreased by -32.5% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption, however, enjoyed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Hungary

In value terms, goat hides and skins production expanded to $X in 2021 estimated in export price. Overall, production, however, saw a slight contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

In 2021, the average goat hides and skins yield in Hungary fell to X kg per head, shrinking by -11.6% against 2020. In general, the yield, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the yield increased by 131% against the previous year. As a result, the yield attained the peak level of X kg per head, and then fell in the following year.

The number of animals slaughtered for goat hides and skins production in Hungary rose notably to X heads in 2021, picking up by 13% compared with 2020. Overall, the number of producing animals, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 35%. Over the period under review, this number reached the peak level at X heads in 2018; however, from 2019 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Hungary

In 2021, approx. X tons of goat or kid hides and skins were exported from Hungary; picking up by 131% compared with the previous year. Overall, exports, however, showed a abrupt slump. Over the period under review, the exports attained 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, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 88%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for goat hides and skins exports from Hungary, with a 95% share of total exports. Moreover, goat hides and skins exports to China exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +66.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+25.7% per year) and Slovakia (-71.0% per year).

In value terms, China ($X) remains the key foreign market for goat or kid hides and skins exports from Hungary, comprising 92% of total exports. The second position in the ranking was held by Germany ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.0% per year) and Slovakia (-63.2% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, with a decrease of -24.8% against the previous year. Overall, the export price saw a deep downturn. The growth pace was the most rapid in 2014 when the average export price increased by 83% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Germany ($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 Slovakia (+27.1%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Hungary

In 2021, imports of goat or kid hides and skins into Hungary contracted markedly to X tons, reducing by -34.1% against the year before. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports fell notably to $X in 2021. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 96% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X tons) constituted the largest goat hides and skins supplier to Hungary, with a 60% share of total imports. Moreover, goat hides and skins imports from South Africa exceeded the figures recorded by the second-largest supplier, Italy (X kg), fourfold. Zimbabwe (X kg) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa stood at +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+104.5% per year) and Zimbabwe (+9.3% per year).

In value terms, South Africa ($X) constituted the largest supplier of goat or kid hides and skins to Hungary, comprising 64% of total imports. The second position in the ranking was taken by Mozambique ($X), with a 15% share of total imports. It was followed by Zimbabwe, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from South Africa totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mozambique (+38.2% per year) and Zimbabwe (+9.9% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price saw a resilient increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 114% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 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 Canada ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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