Malaysia: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Malaysia

In 2021, the Malaysian goat hides and skins market increased by 6.5% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a abrupt setback. Goat hides and skins consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Malaysia

In value terms, goat hides and skins production expanded notably to $X in 2021 estimated in export price. In general, production faced a drastic downturn. The growth pace was the most rapid in 2016 when the production volume increased by 99% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

The average yield of goat or kid hides and skins in Malaysia reduced to X kg per head in 2021, with a decrease of -11.5% against 2020 figures. In general, the yield continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2019 when the yield increased by 9.6% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2020 to 2021, the growth of the average goat hides and skins yield failed to regain momentum.

The number of animals slaughtered for goat hides and skins production in Malaysia rose modestly to X heads in 2021, picking up by 4.6% on the previous year. Over the period under review, the number of producing animals, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Malaysia

In 2021, overseas shipments of goat or kid hides and skins decreased by -79.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 211% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports declined markedly to $X in 2021. In general, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2015 with an increase of 377%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and Spain (X tons) were the main destinations of goat hides and skins exports from Malaysia, together comprising 94% of total exports. These countries were followed by Hong Kong SAR, Thailand and Singapore, which together accounted for a further 5.9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of -7.3%), while the other leaders experienced a decline.

In value terms, Spain ($X) remains the key foreign market for goat or kid hides and skins exports from Malaysia, comprising 57% of total exports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total exports. It was followed by Indonesia, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-19.1% per year) and Indonesia (-18.4% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, surging by 1.6% against the previous year. Overall, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 98% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 Spain ($X per ton), while the average price for exports to Indonesia ($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 Spain (+5.8%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Malaysia

In 2021, imports of goat or kid hides and skins into Malaysia contracted notably to X tons, which is down by -60.7% compared with 2020. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 8,809% against the previous year. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, goat hides and skins imports totaled $X in 2021. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 3,377% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of goat hides and skins to Malaysia, with a 78% share of total imports. Moreover, goat hides and skins imports from the United States exceeded the figures recorded by the second-largest supplier, Indonesia (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +33.7%.

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Malaysia, comprising 95% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 5.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +40.2%.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, rising by 156% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The import price peaked at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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