Puerto Rico: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Puerto Rico

The Puerto Rican goat hides and skins market expanded to $X in 2021, rising by 2.3% against the previous year. In general, consumption, however, recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Puerto Rico

In value terms, goat hides and skins production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22% against the previous year. Puerto Rico production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

In 2021, the average yield of goat or kid hides and skins in Puerto Rico stood at X kg per head, stabilizing at the year before. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 17%. As a result, the yield reached the peak level of X kg per head. From 2020 to 2021, the growth of the goat hides and skins yield remained at a lower figure.

In 2021, number of animals slaughtered for goat hides and skins production in Puerto Rico stood at X heads, picking up by 2.7% against the previous year. Over the period under review, the number of producing animals recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the number of producing animals increased by 21%. As a result, the amount of animals produced reached the peak level of X heads. From 2015 to 2021, the growth of this number remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Puerto Rico

In value terms, goat hides and skins exports stood at less than $X in 2021. Over the period under review, exports saw a relatively flat trend pattern.

Exports by Country

The biggest shipments were from Spain (X tons), Vietnam (X tons), Germany (X tons), New Zealand (X tons) and Japan (X tons), together resulting at 49% of total export. The Czech Republic (X tons), France (X tons), Colombia (X tons), Portugal (X tons), Poland (X tons), Hong Kong SAR (X tons), Greece (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Germany (with a CAGR of +66.2%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest goat hides and skins supplier from Puerto Rico, comprising 23% of global exports. The second position in the ranking was held by Spain ($X), with an 11% share of global exports. It was followed by Germany, with a 6.4% share.

In Vietnam, goat hides and skins exports expanded at an average annual rate of +60.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Spain (-10.4% per year) and Germany (+46.5% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. Overall, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+20.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports into Puerto Rico

In value terms, goat hides and skins imports totaled less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

In 2021, Indonesia (X tons), Germany (X tons), Nigeria (X tons), China (X tons) and Turkey (X tons) was the major importer of goat or kid hides and skins in the world, committing 66% of total import. The following importers - Hong Kong SAR (X tons), Poland (X tons), Taiwan (Chinese) (X tons), Belgium (X tons), Italy (X tons), Pakistan (X tons), South Africa (X tons) and Portugal (X tons) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria (with a CAGR of +62.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest goat hides and skins importing markets into Puerto Rico were Nigeria ($X), Germany ($X) and China ($X), with a combined 24% share of total imports.

Nigeria, with a CAGR of +72.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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