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 was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the maximum 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 skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a sharp contraction. Goat hides and skins production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of goat or kid hides and skins in Portugal skyrocketed to X kg per head in 2021, with an increase of 162% on 2020 figures. In general, the yield enjoyed measured growth. The goat hides and skins yield peaked at X kg per head in 2014; however, from 2015 to 2021, the yield stood at a somewhat lower figure.

In 2021, number of animals slaughtered for goat hides and skins production in Portugal expanded significantly to X heads, with an increase of 15% compared with the year before. Overall, the total number of producing animals indicated a tangible expansion from 2012 to 2021: its figure increased at an average annual rate of +3.3% over the last nine years. 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 reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports from Portugal

In 2021, approx. X tons of goat or kid hides and skins were exported from Portugal; rising by 448% against 2020 figures. Over the period under review, exports continue to indicate a significant expansion. 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 showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 573%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue 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 62% share of total exports. Moreover, goat hides and skins exports to Spain exceeded the volume sent to the second major destination, China (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+43.1% per year) and Poland (0.0% per year).

In value terms, Spain ($X), China ($X) and Poland ($X) constituted the largest markets for goat hides and skins exported from Portugal worldwide.

China, with a CAGR of +29.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, dropping by -9.9% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 151% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Poland ($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 (-3.9%).

Imports of Goat Or Kid Hides And Skins

Imports into Portugal

In 2021, approx. X tons of goat or kid hides and skins were imported into Portugal; rising by 2,913% on 2020. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, goat hides and skins imports soared to $X in 2021. Overall, imports posted significant growth. 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 most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +76.9%), while imports for the other leaders experienced mixed trend patterns.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.4% per year) and France (-33.1% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, shrinking by -7% against the previous year. Overall, the import price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 194% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 France ($X per ton), while the price for Spain ($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 (+19.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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