Peru: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Peru

In 2021, after two years of growth, there was decline in the Peruvian goat hides and skins market, when its value decreased by -3.2% to $X. In general, consumption, however, showed a pronounced setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Peru

In value terms, goat hides and skins production contracted to $X in 2021 estimated in export price. In general, production recorded a pronounced downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 177% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in Peru was estimated at X kg per head, flattening at 2020. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by 3.6% against the previous year. The goat hides and skins yield peaked in 2021 and is expected to retain growth in the near future.

In 2021, the number of animals slaughtered for goat hides and skins production in Peru declined modestly to X heads, remaining relatively unchanged against the year before. Over the period under review, the number of producing animals recorded a noticeable decline. The pace of growth appeared the most rapid in 2013 with an increase of 1.7%. As a result, the amount of animals produced attained the peak level of X heads. From 2014 to 2021, the growth of this number remained at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Peru

In 2021, overseas shipments of goat or kid hides and skins decreased by -49.8% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports faced a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 505%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports dropped sharply to $X in 2021. Over the period under review, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 373% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Nigeria (X tons) and Togo (X tons) were the main destinations of goat hides and skins exports from Peru, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X) remains the key foreign market for goat or kid hides and skins exports from Peru, comprising 64% of total exports. The second position in the ranking was taken by China ($X), with a 20% share of total exports. It was followed by Nigeria, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-17.4% per year) and Nigeria (0.0% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, declining by -37.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 110%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Togo ($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 Hong Kong SAR (+21.1%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Peru

In 2021, the amount of goat or kid hides and skins imported into Peru surged to X kg, jumping by 149% compared with 2020 figures. Overall, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 287%. As a result, imports reached the peak of X tons. From 2018 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, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 302% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Bolivia (X kg) was the main supplier of goat hides and skins to Peru, accounting for a 96% share of total imports. It was followed by Canada (X kg), with a 1.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Bolivia stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-40.6% per year) and the United States (-31.2% per year).

In value terms, Bolivia ($X) constituted the largest supplier of goat or kid hides and skins to Peru, comprising 72% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bolivia totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-25.2% per year) and the United States (-30.5% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, surging by 42% against the previous year. In general, the import price, however, saw a abrupt curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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