Malaysia: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in Malaysia

In 2021, the Malaysian sheepskin and lambskin market decreased by -7.6% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Sheepskin And Lambskin Production in Malaysia

In value terms, sheepskin and lambskin production declined to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 79%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

In 2021, the average sheepskin and lambskin yield in Malaysia totaled X kg per head, almost unchanged from 2020 figures. Overall, the yield recorded a relatively flat trend pattern. Over the period under review, the average sheepskin and lambskin yield reached the peak level in 2021 and is expected to retain growth in the immediate term.

In 2021, number of animals slaughtered for sheepskin and lambskin production in Malaysia declined to X heads, which is down by -7.5% on the previous year. Over the period under review, the total number of producing animals indicated prominent growth from 2012 to 2021: its figure increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by 24%. Over the period under review, this number attained the peak level at X heads in 2020, and then reduced in the following year.

Sheepskin And Lambskin Exports

Exports from Malaysia

In 2021, shipments abroad of sheep or lamb skins (without wool) increased by 3.8% to X tons for the first time since 2014, thus ending a six-year declining trend. In general, exports enjoyed a temperate expansion. The growth pace was the most rapid in 2013 when exports increased by 433% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports declined to $X in 2021. Over the period under review, exports, however, continue to indicate a mild descent. The pace of growth was the most pronounced in 2013 with an increase of 400%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Vietnam (X tons) and India (X tons) were the main destinations of sheepskin and lambskin exports from Malaysia, with a combined 78% share of total exports. Indonesia and Australia lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from Malaysia, comprising 69% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 23% share of total exports. It was followed by India, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+6.8% per year) and India (-15.1% per year).

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2021, reducing by -11.7% against the previous year. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 93% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($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 (+29.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sheepskin And Lambskin Imports

Imports into Malaysia

In 2021, approx. X tons of sheep or lamb skins (without wool) were imported into Malaysia; jumping by 51% against the previous year. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.7% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sheepskin and lambskin imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 38%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Yemen (X tons), Kenya (X tons) and New Zealand (X tons) were the main suppliers of sheepskin and lambskin imports to Malaysia, together comprising 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of +185.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Malaysia, comprising 65% of total imports. The second position in the ranking was held by Kenya ($X), with a 28% share of total imports. It was followed by the United Arab Emirates, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Yemen was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+15.5% per year) and the United Arab Emirates (+12.3% per year).

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, dropping by -29.5% against the previous year. Overall, the import price recorded a noticeable setback. The growth pace was the most rapid in 2018 an increase of 7.6%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 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 Yemen ($X per ton), while the price for New Zealand ($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 United Arab Emirates (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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