Peru: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Peru

In 2021, the Peruvian goat hides and skins market decreased by -1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, recorded a noticeable setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Peru

In value terms, goat hides and skins production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by 180% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

The average yield of goat or kid hides and skins in Peru totaled X kg per head in 2021, remaining stable against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by 3.6%. The goat hides and skins yield peaked in 2021 and is expected to retain growth in the immediate term.

In 2021, number of animals slaughtered for goat hides and skins production in Peru dropped slightly to X heads, remaining relatively unchanged against 2020 figures. In general, the number of producing animals continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by 1.7% against the previous year. As a result, the number of animals produced reached the peak level of X heads. From 2014 to 2021, the growth of this number failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from Peru

In 2021, shipments abroad of goat or kid hides and skins decreased by -57.4% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by 499%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports shrank markedly to $X in 2021. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 362% against the previous year. The exports peaked 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 most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Togo (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

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

The average goat hides and skins export price stood at $X per ton in 2021, which is down by -18.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 110% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat 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 (+22.1%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Peru

In 2021, goat hides and skins imports into Peru surged to X kg, with an increase of 149% compared with the year before. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 287% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 302% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Bolivia (X kg) was the main supplier of goat hides and skins to Peru, with 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 rate of growth in terms of volume from Bolivia totaled +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 ($X) constituted the largest supplier of goat or kid hides and skins to Peru, comprising 72% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bolivia stood at +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

The average goat hides and skins import price stood at $X per ton in 2021, growing by 43% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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