Middle East: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in the Middle East

In 2021, after two years of growth, there was significant decline in the Middle Eastern goat hides and skins market, when its value decreased by -8.9% to $X. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Goat Or Kid Hides And Skins in the Middle East

In value terms, goat hides and skins production contracted rapidly to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by 98%. As a result, production attained the peak level of $X, and then contracted significantly 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 comprising 61% of total production.

From 2012 to 2021, the biggest increases were recorded for 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 stood at X kg per head in 2021, almost unchanged from 2020. In general, the yield, however, saw a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 7.3% against the previous year. Over the period under review, the goat hides and skins yield attained the maximum level at X kg per head in 2012; however, from 2013 to 2021, the yield remained at a lower figure.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in the Middle East; picking up by 4.8% on 2020. This number increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the number of producing animals increased by 8.3%. The level of producing animals peaked in 2021 and is expected to retain growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports in the Middle East

In 2021, overseas shipments of goat or kid hides and skins increased by 93% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a pronounced shrinkage. 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 surged to $X in 2021. Overall, exports, however, continue to indicate a slight reduction. 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) represented the main exporter of goat or kid hides and skins, generating 45% of total exports. Saudi Arabia (X tons) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by Iran (11%), Jordan (8%) and the United Arab Emirates (4.7%). The following exporters - Oman (X tons), Syrian Arab Republic (X tons) and Yemen (X tons) - together made up 9% of total exports.

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%) 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%) and Jordan (-18.3%) illustrated a downward trend over the same period. While the share of Iraq (+45 p.p.) and Saudi Arabia (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (-2.4 p.p.), Oman (-3.5 p.p.), the United Arab Emirates (-8.6 p.p.) and Jordan (-24.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), Saudi Arabia ($X) and Iran ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 75% of total exports.

In terms of the main exporting countries, Iraq, with a CAGR of +52.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, remaining stable against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2016 when the export price increased by 19%. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in the near future.

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 the United Arab Emirates ($X per ton), while Jordan ($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 the Middle East

After two years of decline, purchases abroad of goat or kid hides and skins increased by 42% to X tons in 2021. Overall, imports, however, recorded a abrupt descent. 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 skyrocketed to $X in 2021. Over the period under review, imports, however, faced a deep reduction. 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

The countries with the highest levels of goat hides and skins imports in 2021 were Turkey (X tons), together recording 97% of total import.

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. Turkey (+9.4 p.p.) significantly strengthened its position in terms of the total imports, while 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 the Middle East.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to -14.3%.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, jumping by 26% against the previous year. In general, the import price, however, continues to indicate a deep downturn. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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

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