New Zealand: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in New Zealand

In 2021, the New Zealand goat hides and skins market decreased by -14.9% to $X, falling for the seventh consecutive year after three years of growth. Over the period under review, consumption saw a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in New Zealand

In value terms, goat hides and skins production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39% against the previous year. Goat hides and skins production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The average yield of goat or kid hides and skins in New Zealand skyrocketed to X kg per head in 2021, surging by 25% against 2020 figures. Over the period under review, the yield, however, continues to indicate a perceptible setback. The goat hides and skins yield peaked at X kg per head in 2012; however, from 2013 to 2021, the yield remained at a lower figure.

In 2021, number of animals slaughtered for goat hides and skins production in New Zealand reached X heads, remaining constant against the previous year's figure. In general, the total number of producing animals indicated a remarkable increase from 2012 to 2021: its figure increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for goat hides and skins production increased by +75.8% against 2012 indices. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by 27% against the previous year. Over the period under review, this number reached the maximum level in 2021 and is likely to see steady growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports from New Zealand

In 2021, shipments abroad of goat or kid hides and skins increased by 82% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports showed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins exports soared to $X in 2021. In general, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.4% against 2017 indices. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 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 New Zealand, accounting for a 63% share of total exports. Moreover, goat hides and skins exports to China exceeded the volume sent to the second major destination, Japan (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+16.9% per year) and Italy (+8.1% per year).

In value terms, China ($X) remains the key foreign market for goat or kid hides and skins exports from New Zealand, comprising 63% of total exports. The second position in the ranking was taken by Japan ($X), with a 17% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.7% per year) and Italy (-7.3% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, waning by -30.9% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per ton) and Japan ($X per ton), while the average price for exports to China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+48.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into New Zealand

In 2021, the amount of goat or kid hides and skins imported into New Zealand skyrocketed to X tons, rising by 1,613% against 2020 figures. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins imports surged to $X in 2021. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Australia (X tons) and Finland (X kg) were the main suppliers of goat hides and skins imports to New Zealand, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +107.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Sweden ($X) and Australia ($X) were the largest goat hides and skins suppliers to New Zealand, together accounting for 56% of total imports.

In terms of the main suppliers, Finland, with a CAGR of +111.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, which is down by -64.1% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 134% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 Finland ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Botswana (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :