Indonesia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Indonesia

After three years of decline, the Indonesian goat hides and skins market increased by 26% to $X in 2021. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Goat hides and skins consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Indonesia

In value terms, goat hides and skins production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced decline. The growth pace was the most rapid in 2013 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

The average yield of goat or kid hides and skins in Indonesia shrank to X kg per head in 2021, reducing by -5.3% against the previous year. In general, the yield recorded a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 5%. The goat hides and skins yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in Indonesia expanded modestly to X heads, picking up by 2.2% against the year before. This number increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 4.4% against the previous year. Over the period under review, this number attained the maximum level at X heads in 2017; however, from 2018 to 2021, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Indonesia

In 2021, overseas shipments of goat or kid hides and skins increased by 62% to X tons, rising for the third year in a row after three years of decline. In general, exports posted measured growth. The pace of growth was the most pronounced in 2019 when exports increased by 230%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, goat hides and skins exports rose markedly to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 35%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for goat hides and skins exports from Indonesia, with a 43% share of total exports. Moreover, goat hides and skins exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), eightfold. The third position in this ranking was taken by France (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +87.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-17.8% per year) and France (-18.4% per year).

In value terms, the largest markets for goat hides and skins exported from Indonesia were Germany ($X), Thailand ($X) and Singapore ($X), together comprising 45% of total exports.

Germany, with a CAGR of +18.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, which is down by -33.5% against the previous year. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in 2014 an increase of 311% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Slovakia ($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 Pakistan (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Indonesia

In 2021, purchases abroad of goat or kid hides and skins increased by 61% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 228%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 179%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of goat hides and skins to Indonesia, accounting for a 33% share of total imports. Moreover, goat hides and skins imports from Italy exceeded the figures recorded by the second-largest supplier, Madagascar (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +46.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+49.7% per year) and Germany (+57.8% per year).

In value terms, Italy ($X) constituted the largest supplier of goat or kid hides and skins to Indonesia, comprising 34% of total imports. The second position in the ranking was held by Madagascar ($X), with an 11% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Madagascar (+57.9% per year) and Germany (+59.6% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2015 an increase of 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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