Morocco: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Morocco

In 2021, after two years of growth, there was decline in the Moroccan goat hides and skins market, when its value decreased by -3.8% to $X. Over the period under review, consumption recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Morocco

In value terms, goat hides and skins production fell to $X in 2021 estimated in export price. In general, production showed a deep setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average goat hides and skins yield in Morocco declined to X kg per head, reducing by -3.7% against 2020 figures. The yield figure increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by 18%. As a result, the yield reached the peak level of X kg per head. From 2018 to 2021, the growth of the average goat hides and skins yield failed to regain momentum.

In 2021, the number of animals slaughtered for goat hides and skins production in Morocco rose modestly to X heads, growing by 4.7% compared with 2020 figures. This number increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by 11% against the previous year. The number of animals slaughtered for goat hides and skins production peaked in 2021 and is expected to retain growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports from Morocco

In 2021, exports of goat or kid hides and skins from Morocco shrank rapidly to X kg, waning by -17.2% on 2020 figures. In general, exports saw a sharp contraction. The pace of growth was the most pronounced in 2016 when exports increased by 2,576% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports rose modestly to $X in 2021. Over the period under review, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2016 with an increase of 1,506%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X kg) was the main destination for goat hides and skins exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to -33.4%.

In value terms, Spain ($X) remains the key foreign market for goat or kid hides and skins exports from Morocco, comprising 99% of total exports. The second position in the ranking was taken by France ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to -37.8%.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, rising by 25% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +19.8% per year.

Imports of Goat Or Kid Hides And Skins

Imports into Morocco

In 2021, approx. X tons of goat or kid hides and skins were imported into Morocco; dropping by -10.1% on the previous year's figure. Overall, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2016 when imports increased by 363% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports expanded significantly to $X in 2021. In general, imports faced a sharp slump. The pace of growth was the most pronounced in 2016 with an increase of 61% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest goat hides and skins supplier to Morocco, with a 71% share of total imports. Moreover, goat hides and skins imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at -27.4%.

In value terms, France ($X) constituted the largest supplier of goat or kid hides and skins to Morocco, comprising 82% of total imports. The second position in the ranking was held by Spain ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France totaled +14.8%.

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, increasing by 22% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 198%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+19.5%).

Source: IndexBox Platform

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