Kenya: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Kenya

In 2021, the Kenyan goat hides and skins market decreased by -12.3% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, continues to indicate a measured expansion. Goat hides and skins consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Kenya

In value terms, goat hides and skins production dropped dramatically to $X in 2021 estimated in export price. In general, production, however, recorded mild growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 233%. Goat hides and skins production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in Kenya amounted to X kg per head, leveling off at the year before. Overall, the yield recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. The goat hides and skins yield peaked at X kg per head in 2013; however, from 2014 to 2021, the yield remained at a lower figure.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Kenya; declining by -9.5% on the previous year's figure. Over the period under review, the number of producing animals, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 45%. As a result, the number of animals produced attained the peak level of X heads. From 2020 to 2021, the growth of this number remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Kenya

In 2021, overseas shipments of goat or kid hides and skins decreased by -61.4% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 619%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, goat hides and skins exports surged to $X in 2021. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 420% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for goat hides and skins exports from Kenya, accounting for a 55% share of total exports. Moreover, goat hides and skins exports to India exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. The third position in this ranking was taken by Nigeria (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to India stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+14.8% per year) and Nigeria (-9.5% per year).

In value terms, the largest markets for goat hides and skins exported from Kenya were Uganda ($X), Hong Kong SAR ($X) and India ($X), together accounting for 11% of total exports.

Uganda, with a CAGR of +19.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average goat hides and skins export price stood at $X per ton in 2021, rising by 267% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to India ($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 Uganda (+58.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Kenya

In 2021, approx. X tons of goat or kid hides and skins were imported into Kenya; dropping by -31.7% compared with 2020. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 256% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports declined markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 227%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Uganda (X tons) constituted the largest goat hides and skins supplier to Kenya, with a 84% share of total imports. Moreover, goat hides and skins imports from Uganda exceeded the figures recorded by the second-largest supplier, Rwanda (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Uganda stood at +45.7%.

In value terms, Uganda ($X) constituted the largest supplier of goat or kid hides and skins to Kenya, comprising 88% of total imports. The second position in the ranking was taken by Rwanda ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Uganda amounted to +39.0%.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, with a decrease of -4.1% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2013 an increase of 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 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 Uganda ($X per ton), while the price for Rwanda totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (-4.6%).

Source: IndexBox Platform

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