Libya: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Libya

The Libyan goat hides and skins market soared to $X in 2021, rising by 20% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Libya

In value terms, goat hides and skins production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2013 when the production volume increased by 69%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average yield of goat or kid hides and skins in Libya totaled X kg per head, leveling off at the previous year. Over the period under review, the yield showed a slight slump. The most prominent rate of growth was recorded in 2016 when the yield decreased by -5.9% against the previous year. The goat hides and skins yield peaked at X kg per head in 2015; however, from 2016 to 2021, the yield remained at a lower figure.

The number of animals slaughtered for goat hides and skins production in Libya stood at X heads in 2021, remaining relatively unchanged against 2020. Over the period under review, the number of producing animals, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by 3.4%. Over the period under review, this number attained the maximum level at X heads in 2013; however, from 2014 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Libya

In 2021, the amount of goat or kid hides and skins exported from Libya reduced rapidly to X tons, falling by -75% against 2020 figures. Overall, exports saw a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports declined dramatically to $X in 2021. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 76%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for goat hides and skins exports from Libya, accounting for a 80% share of total exports. Moreover, goat hides and skins exports to Turkey exceeded the volume sent to the second major destination, Tunisia (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to -21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+6.8% per year) and Italy (-0.6% per year).

In value terms, Turkey ($X) remains the key foreign market for goat or kid hides and skins exports from Libya, comprising 65% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to -29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-15.8% per year) and Tunisia (-14.7% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, falling by -26.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2013 an increase of 64%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Tunisia ($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 Turkey (-10.1%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Libya

After two years of decline, overseas purchases of goat or kid hides and skins decreased by 0% to X kg in 2019. In general, imports saw a deep slump. The smallest decline of 99.9% was in 2017. Over the period under review, imports hit record highs at X kg in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports amounted to $X in 2019. Over the period under review, imports enjoyed a prominent increase. The smallest decline of 99.9% was in 2017. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, the United Arab Emirates (X kg) was the main supplier of goat hides and skins to Libya, accounting for a approx. 100% share of total imports.

From 2016 to 2019, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of goat or kid hides and skins to Libya.

From 2016 to 2019, the average annual growth rate of value from the United Arab Emirates was relatively modest.

Import Prices by Country

In 2019, the average goat hides and skins import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2017 a decrease of 99.9%. The import price peaked in 2019 and is likely to see gradual growth in years to come.

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

From 2016 to 2019, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Source: IndexBox Platform

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