Latin America and the Caribbean: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Latin America and the Caribbean

After six years of decline, the Latin American goat hides and skins market increased by 8.4% to $X in 2021. Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Latin America and the Caribbean

In value terms, goat hides and skins production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

The countries with the highest volumes of production in 2021 were Mexico (X tons), Brazil (X tons) and Colombia (X tons), with a combined 59% share of total production. Argentina, Bolivia, Cuba, Honduras, Peru, Chile, Haiti, Ecuador and Venezuela lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Cuba (with a CAGR of +8.8%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average goat hides and skins yield in Latin America and the Caribbean expanded notably to X kg per head, picking up by 6.8% on the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

The global number of animals slaughtered for goat hides and skins production was estimated at X heads in 2021, remaining relatively unchanged against the previous year's figure. Over the period under review, the number of producing animals continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the number of producing animals increased by 3.8%. Over the period under review, this number reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports in Latin America and the Caribbean

In 2021, overseas shipments of goat or kid hides and skins increased by 56% to X tons, rising for the second consecutive year after four years of decline. Overall, exports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2015 when exports increased by 89%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, goat hides and skins exports surged to $X in 2021. In general, exports, however, recorded a perceptible setback. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia represented the main exporter of goat or kid hides and skins in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was near 41% of total exports in 2021. Mexico (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Honduras (18%), Ecuador (8.2%) and Panama (4.6%). The following exporters - Costa Rica (X tons) and the Dominican Republic (X tons) - each recorded a 4.4% share of total exports.

Exports from Colombia increased at an average annual rate of +14.9% from 2012 to 2021. At the same time, Panama (+58.0%), Honduras (+21.8%), Mexico (+17.7%) and Ecuador (+14.3%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +58.0% from 2012-2021. By contrast, Costa Rica (-16.2%) and the Dominican Republic (-25.1%) illustrated a downward trend over the same period. Colombia (+24 p.p.), Honduras (+14 p.p.), Mexico (+12 p.p.), Ecuador (+4.6 p.p.) and Panama (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Costa Rica and the Dominican Republic saw its share reduced by -15.2% and -34.9% from 2012 to 2021, respectively.

In value terms, Colombia ($X) remains the largest goat hides and skins supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.2% share of total exports. It was followed by Honduras, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Colombia totaled -2.0%. In the other countries, the average annual rates were as follows: Mexico (+7.8% per year) and Honduras (+26.8% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, standing approx. at the previous year. In general, the export price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when the export price increased by 112%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Panama ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports in Latin America and the Caribbean

In 2021, purchases abroad of goat or kid hides and skins was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a abrupt descent. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports soared to $X in 2021. Overall, imports, however, saw a abrupt decrease. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of goat hides and skins imports in 2021 were Mexico (X tons), together resulting at 97% of total import.

Mexico was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of -12.8% from 2012 to 2021. While the share of Mexico (-1.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported goat or kid hides and skins in Latin America and the Caribbean.

In Mexico, goat hides and skins imports contracted by an average annual rate of -12.7% over the period from 2012-2021.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, falling by -23.3% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price decreased by -41.9% against 2017 indices. The growth pace was the most rapid in 2017 an increase of 66% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +0.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :