Portugal: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Portugal

The Portuguese sheepskin and lambskin market stood at $X in 2022, surging by 7.8% against the previous year. In general, consumption, however, recorded a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Sheepskin And Lambskin Production in Portugal

In value terms, sheepskin and lambskin production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 42% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of sheep or lamb skins (without wool) in Portugal was estimated at X kg per head in 2022, flattening at the previous year. Overall, the yield saw a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 70% against the previous year. Over the period under review, the average sheepskin and lambskin yield attained the peak level at X kg per head in 2016; however, from 2017 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for sheepskin and lambskin production in Portugal; which is down by -2.9% on the previous year's figure. Overall, the total number of producing animals indicated a pronounced increase from 2012 to 2022: its figure increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for sheepskin and lambskin production increased by +3.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by 65%. The number of animals slaughtered for sheepskin and lambskin production peaked at X heads in 2019; however, from 2020 to 2022, producing animals failed to regain momentum.

Sheepskin And Lambskin Exports

Exports from Portugal

In 2022, approx. X tons of sheep or lamb skins (without wool) were exported from Portugal; with a decrease of -78.3% against the previous year's figure. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 3,945%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sheepskin and lambskin exports shrank notably to $X in 2022. Overall, exports showed a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 2,286% 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 Portugal, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled -34.3%.

In value terms, Spain ($X) also remains the key foreign market for sheep or lamb skins (without wool) exports from Portugal.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to -42.9%.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2022, surging by 2.3% against the previous year. Overall, the export price, however, faced a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price increased by 60%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -13.1% per year.

Sheepskin And Lambskin Imports

Imports into Portugal

For the third year in a row, Portugal recorded growth in supplies from abroad of sheep or lamb skins (without wool), which increased by 29% to X tons in 2022. In general, imports saw noticeable growth. The most prominent rate of growth was recorded in 2016 when imports increased by 68%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sheepskin and lambskin imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sheepskin and lambskin to Portugal, with a 75% share of total imports. Moreover, sheepskin and lambskin imports from Australia exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to +37.1%.

In value terms, the largest sheepskin and lambskin suppliers to Portugal were Australia ($X) and Spain ($X).

Australia, with a CAGR of +24.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average sheepskin and lambskin import price amounted to $X per ton, rising by 6.7% against the previous year. In general, the import price, however, showed a abrupt descent. The growth pace was the most rapid in 2017 when the average import price increased by 38%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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