Northern America: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Northern America

In 2021, the North American goat hides and skins market decreased by -6.7% to $X, falling for the second year in a row after eight years of growth. Overall, consumption posted resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Northern America

In value terms, goat hides and skins production expanded slightly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

The country with the largest volume of goat hides and skins production was the United States (X tons), accounting for 86% of total volume. Moreover, goat hides and skins production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), sixfold.

In the United States, goat hides and skins production increased at an average annual rate of +2.3% over the period from 2012-2021.

In 2021, the average goat hides and skins yield in Northern America surged to X kg per head, growing by 19% compared with the year before. The yield figure increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

In 2021, number of animals slaughtered for goat hides and skins production in Northern America contracted modestly to X heads, which is down by -4.1% against the previous year's figure. In general, the number of producing animals showed a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of 8.6% against the previous year. Over the period under review, this number hit record highs at X heads in 2012; however, from 2013 to 2021, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports in Northern America

In 2021, the amount of goat or kid hides and skins exported in Northern America surged to X tons, jumping by 20% on 2020 figures. In general, exports, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 44%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports declined modestly to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 35%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Canada (X tons), committing a 6.1% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of goat or kid hides and skins. Canada (-10.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +7.8 percentage points.

In value terms, the United States ($X) remains the largest goat hides and skins supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, with a decrease of -20.3% against the previous year. Overall, the export price, however, continues to indicate slight growth. The growth pace was the most rapid in 2019 when the export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).

Imports of Goat Or Kid Hides And Skins

Imports in Northern America

For the third consecutive year, Northern America recorded decline in overseas purchases of goat or kid hides and skins, which decreased by -7.3% to X tons in 2021. Overall, imports faced a sharp descent. The growth pace was the most rapid in 2014 with an increase of 47%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of 56%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States represented the main importing country with an import of around X tons, which finished at 71% of total imports. It was distantly followed by Canada (X tons), creating a 29% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to goat hides and skins imports into the United States stood at -25.2%. Canada (-7.7%) illustrated a downward trend over the same period. While the share of Canada (+23 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-23.2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported goat or kid hides and skins in Northern America, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

In the United States, goat hides and skins imports plunged by an average annual rate of -6.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, jumping by 44% against the previous year. Overall, the import price showed a significant expansion. The growth pace was the most rapid in 2020 when the import price increased by 342%. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+24.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :