Norway: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Norway

In 2021, the Norwegian goat hides and skins market decreased by -28.8% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption, however, posted a significant increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Norway

In value terms, goat hides and skins production reduced sharply to $X in 2021 estimated in export price. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 99% against the previous year. Goat hides and skins production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

In 2021, the average goat hides and skins yield in Norway contracted modestly to X kg per head, falling by -1.5% against the year before. Overall, the yield recorded a perceptible curtailment. The growth pace was the most rapid in 2014 when the yield increased by 11% against the previous year. Over the period under review, the average goat hides and skins yield hit record highs at X kg per head in 2012; however, from 2013 to 2021, the yield remained at a lower figure.

The number of animals slaughtered for goat hides and skins production in Norway declined slightly to X heads in 2021, approximately equating the previous year. This number increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 20%. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2018; however, from 2019 to 2021, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from Norway

Goat hides and skins exports from Norway soared to X tons in 2021, growing by 182% on 2020. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports soared to $X in 2021. Overall, exports, however, faced a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for goat hides and skins exports from Norway, with a 70% share of total exports. Moreover, goat hides and skins exports to Canada exceeded the volume sent to the second major destination, Sweden (X tons), fivefold. India (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-10.6% per year) and India (+5.4% per year).

In value terms, the largest markets for goat hides and skins exported from Norway were Canada ($X), Sweden ($X) and the United States ($X), together accounting for 87% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +116.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, waning by -30.1% against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 70% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to India ($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 Canada (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Norway

In 2021, approx. X tons of goat or kid hides and skins were imported into Norway; growing by 18% compared with the previous year's figure. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.9% against 2017 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, goat hides and skins imports reduced sharply to $X in 2021. Overall, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 130% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) was the main supplier of goat hides and skins to Norway, with a 96% share of total imports. It was followed by Lithuania (X kg), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+55.0% per year) and Finland (+26.4% per year).

In value terms, Sweden ($X) constituted the largest supplier of goat or kid hides and skins to Norway, comprising 77% of total imports. The second position in the ranking was held by Lithuania ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+41.6% per year) and Finland (+20.4% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, which is down by -34.5% against the previous year. Overall, the import price saw a perceptible descent. The pace of growth appeared the most rapid in 2013 when the average import price increased by 176% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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