Malaysia: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in Malaysia

The Malaysian sheepskin and lambskin market expanded markedly to $X in 2022, surging by 6.6% against the previous year. Overall, consumption continues to indicate a strong expansion. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Sheepskin And Lambskin Production in Malaysia

In value terms, sheepskin and lambskin production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 100%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average sheepskin and lambskin yield in Malaysia amounted to X kg per head, flattening at the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The sheepskin and lambskin yield peaked in 2022 and is expected to retain growth in the near future.

In 2022, approx. X heads of animals slaughtered for sheepskin and lambskin production in Malaysia; increasing by 4% on 2021 figures. In general, the total number of producing animals indicated buoyant growth from 2012 to 2022: its figure increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for sheepskin and lambskin production decreased by -3.7% against 2020 indices. The growth pace was the most rapid in 2013 when the number of producing animals increased by 24% against the previous year. The number of animals slaughtered for sheepskin and lambskin production peaked at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

Sheepskin And Lambskin Exports

Exports from Malaysia

In 2022, after five years of decline, there was significant growth in shipments abroad of sheep or lamb skins (without wool), when their volume increased by 159% to X tons. In general, exports, however, showed a sharp setback. The most prominent rate of growth was recorded in 2016 when exports increased by 422%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin exports skyrocketed to $X in 2022. Overall, exports, however, saw a dramatic shrinkage. The growth pace was the most rapid in 2016 when exports increased by 301% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X kg) and Vietnam (X kg) were the main destinations of sheepskin and lambskin exports from Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of -27.7%).

In value terms, Vietnam ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from Malaysia, comprising 85% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled -28.4%.

Export Prices by Country

In 2022, the average sheepskin and lambskin export price amounted to $X per ton, which is down by -4.5% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheepskin and lambskin export price increased by +121.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.2%).

Sheepskin And Lambskin Imports

Imports into Malaysia

In 2022, purchases abroad of sheep or lamb skins (without wool) decreased by -27.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports faced a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by 119% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin imports declined dramatically to $X in 2022. In general, imports showed a dramatic slump. The pace of growth was the most pronounced in 2018 with an increase of 113%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) was the main supplier of sheepskin and lambskin to Malaysia, accounting for a 97% share of total imports. It was followed by Indonesia (X kg), with a 3.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Australia totaled -16.3%.

In value terms, Australia ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Malaysia, comprising 91% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia stood at -20.5%.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2022, picking up by 11% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%).

Source: IndexBox Platform

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