Peru: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Peru

The Peruvian sheepskin and lambskin market declined to $X in 2022, waning by -4.2% against the previous year. In general, consumption showed a perceptible reduction. Sheepskin and lambskin consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sheepskin And Lambskin Production in Peru

In value terms, sheepskin and lambskin production fell to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 70% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of sheep or lamb skins (without wool) in Peru amounted to X kg per head, therefore, remained relatively stable against the previous year. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 2.3% against the previous year. Over the period under review, the average sheepskin and lambskin yield reached the maximum level in 2022 and is likely to see gradual growth in the near future.

In 2022, the number of animals slaughtered for sheepskin and lambskin production in Peru declined to X heads, remaining stable against the previous year. Over the period under review, the number of producing animals saw a mild reduction. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by 1.7%. The number of animals slaughtered for sheepskin and lambskin production peaked at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Sheepskin And Lambskin Exports

Exports from Peru

In 2022, shipments abroad of sheep or lamb skins (without wool) increased by 57% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, faced a sharp decline. The growth pace was the most rapid in 2017 when exports increased by 255% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports skyrocketed to $X in 2022. Overall, exports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 463% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for sheepskin and lambskin exports from Peru, accounting for a 34% share of total exports. Moreover, sheepskin and lambskin exports to Spain exceeded the volume sent to the second major destination, China (X tons), fourfold. Turkey (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-38.9% per year) and Turkey (-28.3% per year).

In value terms, Spain ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from Peru, comprising 25% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.9% share of total exports. It was followed by China, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to -13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-35.0% per year) and China (-42.7% per year).

Export Prices by Country

In 2022, the average sheepskin and lambskin export price amounted to $X per ton, rising by 9.4% against the previous year. In general, the export price, however, saw a abrupt decline. The growth pace was the most rapid in 2017 an increase of 59% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Germany ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (-5.8%), while the prices for the other major destinations experienced a decline.

Sheepskin And Lambskin Imports

Imports into Peru

After eight years of growth, overseas purchases of sheep or lamb skins (without wool) decreased by -5.6% to X kg in 2022. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 289%. Imports peaked at X kg in 2021, and then contracted in the following year.

In value terms, sheepskin and lambskin imports dropped dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 77%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X kg) was the main sheepskin and lambskin supplier to Peru, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +12.8%.

In value terms, Italy ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Peru.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -9.0%.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2022, reducing by -17.2% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 35%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -19.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :