Saudi Arabia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Saudi Arabia

In 2021, the Saudi goat hides and skins market decreased by -9.6% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Goat Or Kid Hides And Skins in Saudi Arabia

In value terms, goat hides and skins production reduced rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

In 2021, the average goat hides and skins yield in Saudi Arabia stood at X kg per head, flattening at 2020. Over the period under review, the yield recorded a relatively flat trend pattern. The goat hides and skins yield peaked in 2021 and is expected to retain growth in years to come.

The number of animals slaughtered for goat hides and skins production in Saudi Arabia stood at X heads in 2021, almost unchanged from the previous year. In general, the number of producing animals saw strong growth. The pace of growth appeared the most rapid in 2020 when the number of producing animals increased by 66%. The number of animals slaughtered for goat hides and skins production peaked in 2021 and is likely to continue growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports from Saudi Arabia

In 2021, shipments abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of 777%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports surged to $X in 2021. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 585% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons), Hong Kong SAR (X tons) and Nigeria (X tons) were the main destinations of goat hides and skins exports from Saudi Arabia, with a combined 88% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +5,249.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) remains the key foreign market for goat or kid hides and skins exports from Saudi Arabia, comprising 79% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total exports. It was followed by Nigeria, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Pakistan totaled +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-0.5% per year) and Nigeria (+1,962.5% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, shrinking by -18.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 29% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Pakistan (+4.6%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Saudi Arabia

In 2021, goat hides and skins imports into Saudi Arabia skyrocketed to X kg, jumping by 246% compared with the year before. Over the period under review, imports enjoyed a significant expansion. 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 surged to $X in 2021. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 165% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, South Africa (X kg) constituted the largest goat hides and skins supplier to Saudi Arabia, with a 80% share of total imports. Moreover, goat hides and skins imports from South Africa exceeded the figures recorded by the second-largest supplier, Colombia (X kg), sevenfold.

From 2019 to 2021, the average annual rate of growth in terms of volume from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-61.5% per year) and Italy (0.0% per year).

In value terms, South Africa ($X) constituted the largest supplier of goat or kid hides and skins to Saudi Arabia, comprising 71% of total imports. The second position in the ranking was held by Colombia ($X), with an 18% share of total imports.

From 2019 to 2021, the average annual rate of growth in terms of value from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-54.3% per year) and Italy (0.0% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, declining by -27.6% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 2.1% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined notably in the following year.

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 Colombia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+18.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :