Oman: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Oman

The Omani goat hides and skins market amounted to $X in 2021, standing approx. at the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +104.7% against 2015 indices. Goat hides and skins consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Goat Or Kid Hides And Skins in Oman

In value terms, goat hides and skins production reached $X in 2021 estimated in export price. Overall, production recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 106% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

The average yield of goat or kid hides and skins in Oman amounted to X kg per head in 2021, remaining constant against 2020 figures. In general, the yield showed a relatively flat trend pattern. The goat hides and skins yield peaked in 2021 and is expected to retain growth in the immediate term.

In 2021, the number of animals slaughtered for goat hides and skins production in Oman amounted to X heads, increasing by 2% against the year before. This number increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by 41% against the previous year. Over the period under review, this number hit record highs at X heads in 2013; however, from 2014 to 2021, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from Oman

In 2021, overseas shipments of goat or kid hides and skins increased by 7.3% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 19%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports expanded significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2014 with an increase of 41% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for goat hides and skins exports from Oman, with a 52% 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), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+12.5% per year) and the United Arab Emirates (-5.8% per year).

In value terms, the largest markets for goat hides and skins exported from Oman were Hong Kong SAR ($X), India ($X) and the United Arab Emirates ($X), together comprising 95% of total exports.

India, with a CAGR of +45.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, growing by 4.9% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a 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 Hong Kong SAR ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Oman

In 2021, purchases abroad of goat or kid hides and skins increased by 506% to X kg for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2016 when imports increased by 512%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports soared to $X in 2021. In general, imports, however, saw a perceptible downturn. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X kg) and Tanzania (X kg) were the main suppliers of goat hides and skins imports to Oman.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +11.3%).

In value terms, Tanzania ($X) constituted the largest supplier of goat or kid hides and skins to Oman, comprising 78% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Tanzania stood at +20.2%.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, waning by -5.5% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 166% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, 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 Tanzania ($X per ton), while the price for the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+8.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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