Philippines: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in the Philippines

In 2021, the Philippine goat hides and skins market was finally on the rise to reach $X after seven years of decline. Over the period under review, consumption, however, recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in the Philippines

In value terms, goat hides and skins production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a deep reduction. The growth pace was the most rapid in 2013 with an increase of 22%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

The average yield of goat or kid hides and skins in the Philippines amounted to X kg per head in 2021, almost unchanged from the previous year's figure. In general, the yield showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 2.6% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2014 to 2021, the growth of the average goat hides and skins yield remained at a somewhat lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in the Philippines rose modestly to X heads, surging by 1.5% on the year before. Over the period under review, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 4.8%. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2018; however, from 2019 to 2021, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from the Philippines

In 2021, the amount of goat or kid hides and skins exported from the Philippines surged to X tons, rising by 37% on 2020. In general, exports, however, recorded a pronounced decline. The growth pace was the most rapid in 2019 with an increase of 3,309% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports dropped to $X in 2021. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 3,485% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons), South Korea (X kg) and Vietnam (X kg) were the main destinations of goat hides and skins exports from the Philippines.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +18.5%), while the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) remains the key foreign market for goat or kid hides and skins exports from the Philippines, comprising 68% of total exports. The second position in the ranking was held by South Korea ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-16.0% per year) and Vietnam (-19.7% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, with a decrease of -33% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 140% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to South Korea ($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 Vietnam (+8.5%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into the Philippines

After three years of growth, supplies from abroad of goat or kid hides and skins decreased by -7% to X tons in 2021. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 311%. Over the period under review, imports reached the peak figure at X tons in 2020, and then fell in the following year.

In value terms, goat hides and skins imports rose significantly to $X in 2021. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2018 with an increase of 241% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Uruguay (X tons), Indonesia (X tons) and Italy (X kg) were the main suppliers of goat hides and skins imports to the Philippines, together comprising 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay (with a CAGR of +80.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Uruguay ($X) and Indonesia ($X) constituted the largest goat hides and skins suppliers to the Philippines, with a combined 96% share of total imports.

Among the main suppliers, Uruguay, with a CAGR of +65.7%, 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

In 2021, the average goat hides and skins import price amounted to $X per ton, with an increase of 14% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price decreased by -18.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 68%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+879.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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