Portugal: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Portugal

The Portuguese goat hides and skins market contracted sharply to $X in 2021, which is down by -93.3% against the previous year. In general, consumption recorded a sharp downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Portugal

In value terms, goat hides and skins production rose notably to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 55% against the previous year. Goat hides and skins production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

In 2021, the average goat hides and skins yield in Portugal contracted to X kg per head, falling by -12.2% compared with 2020. In general, the yield saw a pronounced contraction. The pace of growth was the most pronounced in 2013 when the yield increased by 9.3% against the previous year. The goat hides and skins yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield failed to regain momentum.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Portugal; with an increase of 15% compared with the previous year. In general, the total number of producing animals indicated a tangible increase from 2012 to 2021: its figure increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 70%. Over the period under review, this number attained the maximum level in 2021 and is expected to retain growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports from Portugal

In 2021, the amount of goat or kid hides and skins exported from Portugal soared to X tons, picking up by 459% compared with 2020 figures. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 456%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons) was the main destination for goat hides and skins exports from Portugal, accounting for a 68% share of total exports. Moreover, goat hides and skins exports to Spain exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+45.1% per year) and Poland (0.0% per year).

In value terms, Spain ($X) remains the key foreign market for goat or kid hides and skins exports from Portugal, comprising 62% of total exports. The second position in the ranking was taken by China ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+29.1% per year) and Poland (0.0% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, declining by -14% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by 162% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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 Spain (-1.9%).

Imports of Goat Or Kid Hides And Skins

Imports into Portugal

In 2021, overseas purchases of goat or kid hides and skins increased by 1,604% to X tons, rising for the third consecutive year after three years of decline. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Spain (X tons) and France (X kg) were the main suppliers of goat hides and skins imports to Portugal, with a combined 99.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +69.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of goat or kid hides and skins to Portugal, comprising 78% of total imports. The second position in the ranking was held by Spain ($X), with a 22% share of total imports. It was followed by France, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.6% per year) and France (-35.1% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, growing by 41% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 133% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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