Kuwait: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Kuwait

The Kuwaiti goat hides and skins market rose remarkably to $X in 2021, increasing by 13% against the previous year. In general, consumption, however, showed a significant expansion. Goat hides and skins consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Kuwait

In value terms, goat hides and skins production soared to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.9% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

The average yield of goat or kid hides and skins in Kuwait fell to X kg per head in 2021, which is down by -5.7% on 2020 figures. In general, the yield continues to indicate a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of 14% against the previous year. Over the period under review, the average goat hides and skins yield attained the maximum level at X kg per head in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure.

The number of animals slaughtered for goat hides and skins production in Kuwait stood at X heads in 2021, approximately equating 2020 figures. This number increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 21%. As a result, the number of animals produced attained the peak level of X heads. From 2020 to 2021, the growth of this number failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from Kuwait

Goat hides and skins exports from Kuwait surged to X kg in 2021, jumping by 46% against 2020. Over the period under review, exports, however, showed a precipitous decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports shrank to $X in 2021. Overall, exports, however, continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 48%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X kg) and Lebanon (X kg) were the main destinations of goat hides and skins exports from Kuwait.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of 0.0%).

In value terms, Pakistan ($X) remains the key foreign market for goat or kid hides and skins exports from Kuwait, comprising 91% of total exports. The second position in the ranking was held by Lebanon ($X), with an 8.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Pakistan totaled -32.8%.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, dropping by -41.2% against the previous year. Overall, the export price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 69% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 Pakistan ($X per ton), while the average price for exports to Lebanon amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+32.4%).

Imports of Goat Or Kid Hides And Skins

Imports into Kuwait

In 2021, supplies from abroad of goat or kid hides and skins increased by 301% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,213%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, goat hides and skins imports soared to $X in 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 477%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Japan (X tons) was the main supplier of goat hides and skins to Kuwait, accounting for a 97% share of total imports. It was followed by the United States (X kg), with a 2.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +54.3%.

In value terms, Japan ($X) constituted the largest supplier of goat or kid hides and skins to Kuwait, comprising 90% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +67.7%.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, which is down by -39.7% against the previous year. In general, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when the average import price increased by 142% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 Japan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.7%).

Source: IndexBox Platform

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