MENA: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in MENA

In 2021, after two years of growth, there was significant decline in the MENA's goat hides and skins market, when its value decreased by -7.3% to $X. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Goat Or Kid Hides And Skins in MENA

In value terms, goat hides and skins production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production saw a notable expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 87% against the previous year. As a result, production attained the peak level of $X, and then dropped dramatically in the following year.

The countries with the highest volumes of production in 2021 were Yemen (X tons), Turkey (X tons) and Saudi Arabia (X tons), together accounting for 48% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +6.9%), while production for the other leaders experienced more modest paces of growth.

The average goat hides and skins yield was estimated at X kg per head in 2021, remaining stable against the previous year's figure. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.8%. Over the period under review, the goat hides and skins yield reached the maximum level at X kg per head in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in MENA was estimated at X heads, growing by 4% on 2020. This number increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 7.1%. Over the period under review, this number attained the peak level in 2021 and is expected to retain growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports in MENA

In 2021, after two years of decline, there was significant growth in overseas shipments of goat or kid hides and skins, when their volume increased by 46% to X tons. Over the period under review, exports, however, continue to indicate a abrupt decrease. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports soared to $X in 2021. In general, exports, however, showed a abrupt shrinkage. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Iraq (X tons) was the key exporter of goat or kid hides and skins, constituting 41% of total exports. It was distantly followed by Saudi Arabia (X tons), Iran (X tons), Jordan (X tons) and Egypt (X tons), together creating a 39% share of total exports. The United Arab Emirates (X tons), Libya (X tons), Oman (X tons), Syrian Arab Republic (X tons), Yemen (X tons), Turkey (X tons) and Lebanon (X tons) followed a long way behind the leaders.

Iraq was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +59.5% from 2012 to 2021. At the same time, Saudi Arabia (+18.9%) and Turkey (+8.0%) displayed positive paces of growth. By contrast, Iran (-6.5%), Syrian Arab Republic (-7.1%), Yemen (-8.0%), Oman (-11.3%), the United Arab Emirates (-14.8%), Jordan (-18.3%), Libya (-20.1%), Egypt (-21.7%) and Lebanon (-24.4%) illustrated a downward trend over the same period. While the share of Iraq (+41 p.p.), Saudi Arabia (+15 p.p.) and Iran (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-3.8 p.p.), Lebanon (-7.3 p.p.), Libya (-7.8 p.p.), Jordan (-12.6 p.p.) and Egypt (-16.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest goat hides and skins supplying countries in MENA were Iraq ($X), Saudi Arabia ($X) and Iran ($X), with a combined 59% share of total exports.

Iraq, with a CAGR of +52.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, growing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2019 an increase of 17%. The level of export peaked in 2021 and is likely to continue growth in years to come.

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 Turkey ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports in MENA

In 2021, overseas purchases of goat or kid hides and skins increased by 42% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep downturn. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons) represented roughly 95% of total imports in 2021.

Turkey was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of -4.9% from 2012 to 2021. While the share of Turkey (+9.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported goat or kid hides and skins in MENA.

In Turkey, goat hides and skins imports contracted by an average annual rate of -14.3% over the period from 2012-2021.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, surging by 1.6% against the previous year. In general, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2016 when the import price increased by 23%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -9.8% per year.

Source: IndexBox Platform