Latin America and the Caribbean: Market for Goat Or Kid Hides And Skins 2025

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

In 2021, the Latin American goat hides and skins market decreased by -1.5% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, showed a mild descent. The pace of growth appeared the most rapid in 2017 with an increase of 7.3% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, goat hides and skins production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 44% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2021 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), with a combined 61% share of total production. These countries were followed by Bolivia, Colombia, Cuba, Honduras, Peru, Chile, Haiti, Venezuela and Ecuador, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +13.8%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average yield of goat or kid hides and skins in Latin America and the Caribbean was estimated at X kg per head, growing by 6.4% compared with the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Latin America and the Caribbean; approximately equating 2020. In general, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 3.8%. The level of producing animals peaked in 2021 and is expected to retain growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports in Latin America and the Caribbean

In 2021, shipments abroad of goat or kid hides and skins increased by 54% to X tons, rising for the third consecutive year after three years of decline. Overall, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 116% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, goat hides and skins exports soared to $X in 2021. In general, exports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 245%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Colombia was the largest exporter of goat or kid hides and skins in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. 40% of total exports in 2021. Mexico (X tons) held the second position in the ranking, followed by Honduras (X tons) and Ecuador (X tons). All these countries together took approx. 47% share of total exports. Venezuela (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) took a minor share of total exports.

Exports from Colombia increased at an average annual rate of +19.3% from 2012 to 2021. At the same time, Venezuela (+24.7%), Honduras (+21.8%), Mexico (+18.8%) and Ecuador (+14.3%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +24.7% from 2012-2021. By contrast, Costa Rica (-16.2%) and the Dominican Republic (-25.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Colombia, Honduras, Mexico, Ecuador and Venezuela increased by +28, +14, +13, +4.8 and +2.5 percentage points, respectively.

In value terms, Colombia ($X) emerged as the largest goat hides and skins supplier in Latin America and the Caribbean, comprising 47% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Honduras, with a 15% share.

In Colombia, goat hides and skins exports increased at an average annual rate of +13.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mexico (+8.8% per year) and Honduras (+26.9% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, rising by 15% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 60% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Honduras (+4.2%), 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

Goat hides and skins imports skyrocketed to X tons in 2021, rising by 23% compared with the previous year. Overall, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 179% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2015 with an increase of 234% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Trinidad and Tobago (X tons) and Mexico (X tons) represented roughly 76% of total imports in 2021. Haiti (X tons) took the next position in the ranking, followed by Brazil (X tons). All these countries together took near 20% share of total imports. Colombia (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Trinidad and Tobago (with a CAGR of +8.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Mexico ($X) constitutes the largest market for imported goat or kid hides and skins in Latin America and the Caribbean, comprising 48% of total imports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total imports. It was followed by Trinidad and Tobago, with an 18% share.

In Mexico, goat hides and skins imports plunged by an average annual rate of -3.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+1.0% per year) and Trinidad and Tobago (+2.9% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 52% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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