Mexico: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Mexico

The Mexican goat hides and skins market was finally on the rise to reach $X in 2021, after six years of decline. Overall, consumption, however, showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Mexico

In value terms, goat hides and skins production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Goat hides and skins production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

In 2021, the average goat hides and skins yield in Mexico totaled X kg per head, almost unchanged from 2020 figures. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 5.7%. As a result, the yield attained the peak level of X kg per head. From 2019 to 2021, the growth of the average goat hides and skins yield failed to regain momentum.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Mexico; remaining constant against the previous year. Over the period under review, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by 2.3% against the previous year. The number of animals slaughtered for goat hides and skins production peaked 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 Mexico

Goat hides and skins exports from Mexico declined sharply to X tons in 2021, waning by -35.1% on 2020. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,288% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, goat hides and skins exports reduced to $X in 2021. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,050% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for goat hides and skins exports from Mexico, accounting for a 41% share of total exports. Moreover, goat hides and skins exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold. Spain (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+5.7% per year) and Spain (+2.2% per year).

In value terms, the largest markets for goat hides and skins exported from Mexico were Hong Kong SAR ($X), Germany ($X) and Spain ($X), with a combined 64% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +38.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, growing by 34% against the previous year. Over the period under review, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Germany ($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 Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Mexico

In 2021, supplies from abroad of goat or kid hides and skins was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, faced a abrupt descent. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. Overall, imports, however, saw a deep setback. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of goat hides and skins to Mexico, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -12.8%.

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -13.7%.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, dropping by -25.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 70% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -1.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :