India: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in India

In 2021, after two years of growth, there was decline in the Indian goat hides and skins market, when its value decreased by -2.5% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in India

In value terms, goat hides and skins production contracted slightly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 117% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

The average yield of goat or kid hides and skins in India amounted to X kg per head in 2021, remaining relatively unchanged against the previous year. In general, the yield saw a relatively flat trend pattern. The goat hides and skins yield peaked in 2021 and is expected to retain growth in the immediate term.

In 2021, the number of animals slaughtered for goat hides and skins production in India dropped to X heads, flattening at the previous year's figure. In general, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 3.2% against the previous year. Over the period under review, this number hit record highs at X heads in 2020, and then dropped slightly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports from India

In 2021, approx. X tons of goat or kid hides and skins were exported from India; waning by -17.8% on the year before. In general, exports saw a deep contraction. The growth pace was the most rapid in 2019 with an increase of 222%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports fell to $X in 2021. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 422% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for goat hides and skins exports from India, with a 69% share of total exports. Moreover, goat hides and skins exports to Indonesia exceeded the volume sent to the second major destination, Mauritania (X kg), fourfold. The third position in this ranking was taken by Norway (X kg), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (0.0% per year) and Norway (+26.8% per year).

In value terms, Indonesia ($X) remains the key foreign market for goat or kid hides and skins exports from India, comprising 55% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by Mauritania, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.0% per year) and Mauritania (0.0% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, growing by 14% against the previous year. In general, the export price recorded a moderate expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 62% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Mauritania ($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 Thailand (+55.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into India

In 2021, the amount of goat or kid hides and skins imported into India surged to X tons, rising by 71% on the previous year. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 126% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports soared to $X in 2021. Over the period under review, imports, however, faced a abrupt contraction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X tons), Kenya (X tons) and Nigeria (X tons) were the main suppliers of goat hides and skins imports to India, with a combined 41% share of total imports. Tanzania, Poland, Malawi, New Zealand, Oman, Yemen, Zambia, Mauritania, Greece and Sudan lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +33.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest goat hides and skins suppliers to India were Bangladesh ($X), Nigeria ($X) and New Zealand ($X), with a combined 51% share of total imports. These countries were followed by Kenya, Greece, Malawi, Yemen, Zambia, Poland, Oman, Tanzania, Sudan and Mauritania, which together accounted for a further 19%.

Among the main suppliers, Oman, with a CAGR of +19.2%, 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 23% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 28%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat 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 Nigeria ($X per ton), while the price for Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malawi (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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