Pakistan: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Pakistan

In 2021, after five years of growth, there was decline in the Pakistani goat hides and skins market, when its value decreased by -0.2% to $X. In general, consumption enjoyed a prominent expansion. Goat hides and skins consumption peaked at $X in 2020, and then reduced slightly in the following year.

Production of Goat Or Kid Hides And Skins in Pakistan

In value terms, goat hides and skins production contracted to $X in 2021 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 271% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

In 2021, the average yield of goat or kid hides and skins in Pakistan was estimated at X kg per head, standing approx. at the previous year. Overall, the yield recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, the average goat hides and skins yield attained the maximum level at X kg per head in 2013; however, from 2014 to 2021, the yield stood at a somewhat lower figure.

In 2021, number of animals slaughtered for goat hides and skins production in Pakistan amounted to X heads, increasing by 2.7% against 2020 figures. In general, the number of producing animals posted buoyant growth. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by 110%. Over the period under review, this number attained the peak level in 2021 and is expected to retain growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports from Pakistan

After two years of decline, overseas shipments of goat or kid hides and skins increased by 3.3% to X tons in 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 942% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports totaled $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,241% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for goat hides and skins exports from Pakistan, with a 58% share of total exports. Moreover, goat hides and skins exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +133.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+57.5% per year) and Canada (+151.9% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Canada ($X) were the largest markets for goat hides and skins exported from Pakistan worldwide, with a combined 95% share of total exports.

Canada, with a CAGR of +132.4%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, with an increase of 4.3% against the previous year. Over the period under review, the export price, however, continues to indicate a slight slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 29%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($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 Thailand (+26.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Goat Or Kid Hides And Skins

Imports into Pakistan

For the third year in a row, Pakistan recorded decline in overseas purchases of goat or kid hides and skins, which decreased by -8.7% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 46%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports rose remarkably to $X in 2021. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2014 when imports increased by 57% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X tons), Botswana (X tons) and Somalia (X tons) were the main suppliers of goat hides and skins imports to Pakistan, together comprising 48% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Botswana (with a CAGR of +77.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Somalia ($X), the United States ($X) and Saudi Arabia ($X) appeared to be the largest goat hides and skins suppliers to Pakistan, with a combined 51% share of total imports. Australia, Botswana, the United Arab Emirates, Sudan, Oman, Turkmenistan, New Zealand, Jordan, Djibouti and Mauritania lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Botswana, with a CAGR of +69.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, jumping by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2019 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2020 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 Saudi Arabia ($X per ton), while the price for Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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