Indonesia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Indonesia

In 2021, the Indonesian goat hides and skins market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a slight downturn. Over the period under review, the market reached 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 Indonesia

In value terms, goat hides and skins production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

In 2021, the average goat hides and skins yield in Indonesia dropped to X kg per head, waning by -5.3% against 2020. In general, the yield saw a mild contraction. The pace of growth appeared the most rapid 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 remained at a lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in Indonesia expanded slightly to X heads, with an increase of 2.2% compared with 2020. This number increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2016 with an increase of 4.4% against the previous year. The number of animals slaughtered for goat hides and skins production peaked 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 63% to X tons, rising for the third year in a row after three years of decline. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 253% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. Overall, exports, however, showed a noticeable setback. The pace of growth was the most pronounced in 2019 when exports increased by 95%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for goat hides and skins exports from Indonesia, accounting for a 44% 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. France (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-17.8% per year) and France (-17.0% per year).

In value terms, Germany ($X) remains the key foreign market for goat or kid hides and skins exports from Indonesia, comprising 28% of total exports. The second position in the ranking was held by Thailand ($X), with an 8.3% share of total exports. It was followed by Slovakia, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-18.8% per year) and Slovakia (-14.6% 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 -9.7% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Hong Kong SAR ($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, overseas purchases of goat or kid hides and skins were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 198% against the previous year. Over the period under review, imports hit record highs 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. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 168%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest goat hides and skins supplier 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 rate of growth in terms of volume from Italy amounted to +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 ($X) constituted the largest supplier of goat or kid hides and skins to Indonesia, comprising 35% of total imports. The second position in the ranking was taken by Madagascar ($X), with an 11% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +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 equating the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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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