Nigeria: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Nigeria

The Nigerien goat hides and skins market declined to $X in 2021, dropping by -5.8% against the previous year. Over the period under review, consumption recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Nigeria

In value terms, goat hides and skins production expanded rapidly to $X in 2021 estimated in export price. In general, production showed a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

The average yield of goat or kid hides and skins in Nigeria amounted to X kg per head in 2021, remaining constant against 2020 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 6.7%. The goat hides and skins yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield remained at a lower figure.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Nigeria; approximately equating the year before. This number increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by 5.4% 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 the near future.

Exports of Goat Or Kid Hides And Skins

Exports from Nigeria

In 2021, overseas shipments of goat or kid hides and skins increased by 44% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 1,393%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports rose sharply to $X in 2021. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 861%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for goat hides and skins exports from Nigeria, accounting for a 80% share of total exports. Moreover, goat hides and skins exports to India exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+45.4% per year) and Italy (+40.8% per year).

In value terms, India ($X) emerged as the key foreign market for goat or kid hides and skins exports from Nigeria, comprising 68% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+30.0% per year) and Italy (+35.3% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, with a decrease of -25.5% against the previous year. Over the period under review, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 91% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($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 Italy (-3.9%).

Imports of Goat Or Kid Hides And Skins

Imports into Nigeria

In 2021, purchases abroad of goat or kid hides and skins decreased by -45.6% to X tons for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 257%. Imports peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, goat hides and skins imports fell markedly to $X in 2021. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 290%. Over the period under review, imports attained the peak figure at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, Tanzania (X tons) constituted the largest supplier of goat hides and skins to Nigeria, accounting for a 50% share of total imports. Moreover, goat hides and skins imports from Tanzania exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. Zambia (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from Tanzania stood at +99.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+61.1% per year) and Zambia (-32.3% per year).

In value terms, Tanzania ($X) constituted the largest supplier of goat or kid hides and skins to Nigeria, comprising 80% of total imports. The second position in the ranking was held by Spain ($X), with a 3.6% share of total imports. It was followed by Sudan, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Tanzania amounted to +113.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+49.6% per year) and Sudan (+51.2% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, waning by -5.9% against the previous year. Overall, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 78%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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