Nigeria: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Nigeria

The Nigerien sheepskin and lambskin market shrank to $X in 2021, declining by -5.7% against the previous year. The market value increased at an average annual rate of +5.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Sheepskin And Lambskin Production in Nigeria

In value terms, sheepskin and lambskin production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, showed a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 229%. Sheepskin and lambskin production peaked at $X in 2020, and then shrank in the following year.

The average yield of sheep or lamb skins (without wool) in Nigeria totaled X kg per head in 2021, almost unchanged from the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7.1% against the previous year. The sheepskin and lambskin yield peaked at X kg per head in 2018; however, from 2019 to 2021, the yield failed to regain momentum.

In 2021, number of animals slaughtered for sheepskin and lambskin production in Nigeria expanded to X heads, rising by 2.2% compared with the previous year. This number increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by 7% against the previous year. Over the period under review, this number hit record highs in 2021 and is likely to see steady growth in the immediate term.

Sheepskin And Lambskin Exports

Exports from Nigeria

In 2021, overseas shipments of sheep or lamb skins (without wool) increased by 150% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, showed a drastic downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports surged to $X in 2021. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2013 when exports increased by 310%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for sheepskin and lambskin exports from Nigeria, accounting for a 81% share of total exports. Moreover, sheepskin and lambskin exports to India exceeded the volume sent to the second major destination, Italy (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India was relatively modest.

In value terms, India ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from Nigeria, comprising 76% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +13.3%.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price saw a remarkable increase. The growth pace was the most rapid in 2013 when the average export price increased by 197%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

Sheepskin And Lambskin Imports

Imports into Nigeria

In 2021, supplies from abroad of sheep or lamb skins (without wool) decreased by -32.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,040%. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, sheepskin and lambskin imports reduced notably to $X in 2021. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 1,666% against the previous year. Imports peaked at $X in 2020, and then contracted notably in the following year.

Imports by Country

Italy (X tons), Canada (X tons) and China (X tons) were the main suppliers of sheepskin and lambskin imports to Nigeria, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +14,944.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Canada ($X) and China ($X) were the largest sheepskin and lambskin suppliers to Nigeria, together comprising 75% of total imports.

Italy, with a CAGR of +6,452.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, jumping by 22% against the previous year. Overall, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 3,118%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a 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 Kenya ($X per ton), while the price for Mali ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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