Mexico: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Mexico

In 2021, the Mexican goat hides and skins market increased by 4.4% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, recorded a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

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 setback. The growth pace was the most rapid in 2020 when the production volume increased by 31%. Goat hides and skins production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

In 2021, the average goat hides and skins yield in Mexico stood at X kg per head, leveling off at the previous year. Overall, the yield recorded 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 reached the peak level of X kg per head. From 2019 to 2021, the growth of the average goat hides and skins yield remained at a lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in Mexico totaled X heads, remaining constant against 2020. Over the period under review, the number of producing animals, however, saw 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%. Over the period under review, this number reached the maximum level at X heads in 2012; however, from 2013 to 2021, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Mexico

In 2021, the amount of goat or kid hides and skins exported from Mexico contracted dramatically to X tons, with a decrease of -35.1% on the previous year's figure. Over the period under review, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 1,392% 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 somewhat lower figure.

In value terms, goat hides and skins exports fell to $X in 2021. In general, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 1,575% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for goat hides and skins exports from Mexico, with 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), together accounting for 65% of total exports.

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

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, increasing by 35% against the previous year. In general, the export price, however, showed a deep setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 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 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

After five years of decline, overseas purchases of goat or kid hides and skins increased by 583% to X tons in 2021. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable slump. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The Dominican Republic (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of goat hides and skins imports to Mexico, with a combined 78% share of total imports. Chile, Australia, Italy and Singapore lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +46.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Mexico, comprising 49% of total imports. The second position in the ranking was taken by Singapore ($X), with a 21% share of total imports. It was followed by Spain, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-0.4% per year) and Spain (-4.9% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, with an increase of 17% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.5% 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 2018 an increase of 32%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the Dominican Republic ($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 States (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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