Myanmar: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Myanmar

In 2021, the Myanmar's goat hides and skins market increased by 1% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, faced a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Myanmar

In value terms, goat hides and skins production declined remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 396%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in Myanmar soared to X kg per head, jumping by 1,500% on the year before. In general, the yield continues to indicate a relatively flat trend pattern. Over the period under review, the average goat hides and skins yield attained the peak level at X kg per head in 2014; however, from 2015 to 2021, the yield remained at a lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in Myanmar fell significantly to X heads, waning by -92.7% on the previous year. Overall, the number of producing animals faced a deep reduction. The growth pace was the most rapid in 2015 with an increase of 29% against the previous year. Over the period under review, this number hit record highs at X heads in 2020, and then dropped dramatically in the following year.

Exports of Goat Or Kid Hides And Skins

Exports from Myanmar

In 2021, overseas shipments of goat or kid hides and skins decreased by -18.1% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 960% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports surged to $X in 2021. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by 966% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for goat hides and skins exports from Myanmar, with a 97% share of total exports. It was followed by Thailand (X tons), with a 2.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at -12.4%.

In value terms, China ($X) remains the key foreign market for goat or kid hides and skins exports from Myanmar, comprising 95% of total exports. The second position in the ranking was held by Thailand ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at -6.5%.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, jumping by 43% against the previous year. Over the period under review, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 348%. 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.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.8%).

Imports of Goat Or Kid Hides And Skins

Imports into Myanmar

Goat hides and skins imports into Myanmar soared to X tons in 2021, jumping by 493% on 2020. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 28,599%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. In general, imports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 426% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) was the main supplier of goat hides and skins to Myanmar, accounting for a 98% share of total imports. It was followed by South Korea (X kg), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) amounted to +66.0%.

In value terms, the largest goat hides and skins suppliers to Myanmar were China ($X), Thailand ($X) and Taiwan (Chinese) ($X), together comprising 100% of total imports.

Thailand, with a CAGR of +80.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average goat hides and skins import price stood at $X per kg in 2021, waning by -77.6% against the previous year. Over the period under review, the import price showed a abrupt descent. The growth pace was the most rapid in 2019 an increase of 440,093%. As a result, import price reached the peak level of $X per kg. From 2020 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per kg), while the price for South Korea totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+41.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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