MERCOSUR: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in MERCOSUR

In 2021, the MERCOSUR goat hides and skins market decreased by -0.2% to $X, falling for the sixth consecutive year after four years of growth. Overall, consumption, however, saw a mild decline. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in MERCOSUR

In value terms, goat hides and skins production reached $X in 2021 estimated in export price. In general, production, however, recorded a mild setback. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Brazil (X tons) remains the largest goat hides and skins producing country in MERCOSUR, comprising approx. 42% of total volume. Moreover, goat hides and skins production in Brazil exceeded the figures recorded by the second-largest producer, Colombia (X tons), twofold. Argentina (X tons) ranked third in terms of total production with a 17% share.

In Brazil, goat hides and skins production increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Colombia (+8.3% per year) and Argentina (-3.7% per year).

In 2021, the average goat hides and skins yield in MERCOSUR expanded remarkably to X kg per head, picking up by 12% against 2020 figures. The yield figure increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the yield attained the peak level and is likely to continue growth in the immediate term.

The global number of animals slaughtered for goat hides and skins production reached X heads in 2021, standing approx. at 2020 figures. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by 4.3% against the previous year. The level of producing animals peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports in MERCOSUR

In 2021, shipments abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins exports soared to $X in 2021. Over the period under review, exports, however, saw a perceptible shrinkage. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia was the main exporter of goat or kid hides and skins in MERCOSUR, with the volume of exports recording X tons, which was approx. 77% of total exports in 2021. It was distantly followed by Ecuador (X tons), comprising a 15% share of total exports. Venezuela (X tons) took a minor share of total exports.

Colombia was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +14.9% from 2012 to 2021. At the same time, Ecuador (+14.3%) and Venezuela (+3.2%) displayed positive paces of growth. From 2012 to 2021, the share of Colombia and Ecuador increased by +27 and +5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest goat hides and skins supplier in MERCOSUR, comprising 84% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 3.3% share of total exports.

In Colombia, goat hides and skins exports shrank by an average annual rate of -2.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (+16.6% per year) and Venezuela (-13.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, waning by -66.7% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the export price increased by 49% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in MERCOSUR

In 2021, purchases abroad of goat or kid hides and skins increased by 7.5% to X tons, rising for the third year in a row after four years of decline. In general, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 58% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Brazil represented the key importing country with an import of about X tons, which recorded 77% of total imports. Ecuador (X tons) held the second position in the ranking, followed by Argentina (X tons) and Colombia (X tons). All these countries together held approx. 22% share of total imports.

Brazil was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of +2.4% from 2012 to 2021. Argentina (-2.3%), Ecuador (-16.1%) and Colombia (-16.3%) illustrated a downward trend over the same period. While the share of Brazil (+42 p.p.) and Argentina (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Colombia (-9.5 p.p.) and Ecuador (-19 p.p.) displayed negative dynamics.

In value terms, Argentina ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2021, together comprising 97% of total imports.

Argentina, with a CAGR of +26.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, picking up by 62% against the previous year. Import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price increased by +74.8% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+29.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform