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

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

The Saudi goat hides and skins market fell to $X in 2021, with a decrease of -8.8% against the previous year. Over the period under review, consumption, however, continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Goat Or Kid Hides And Skins in Saudi Arabia

In value terms, goat hides and skins production contracted dramatically to $X in 2021 estimated in export price. In general, production posted measured growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 64% against the previous year. As a result, production attained the peak level of $X, and then declined dramatically in the following year.

The average yield of goat or kid hides and skins in Saudi Arabia was estimated at X kg per head in 2021, therefore, remained relatively stable against the previous year. Overall, the yield saw a relatively flat trend pattern. Over the period under review, the average goat hides and skins yield attained the peak level in 2021 and is likely to see steady growth in the immediate term.

In 2021, the number of animals slaughtered for goat hides and skins production in Saudi Arabia stood at X heads, remaining stable against the year before. Over the period under review, the number of producing animals enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 when the number of producing animals increased by 66%. Over the period under review, this number hit record highs in 2021 and is likely to continue growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports from Saudi Arabia

After two years of decline, overseas shipments of goat or kid hides and skins increased by 101% to X tons in 2021. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 778% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports soared to $X in 2021. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 585%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat 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, together comprising 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of +5,243.6%), while 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 stood at +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, reducing by -18.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 29%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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, the amount of goat or kid hides and skins imported into Saudi Arabia stood at X kg, approximately equating the year before. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, goat hides and skins imports totaled $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, South Africa (X kg) constituted the largest supplier of goat hides and skins to Saudi Arabia, accounting for a 36% 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 2021 to 2021, the average annual growth rate of volume from South Africa was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (0.0% per year) and Italy (0.0% per year).

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

From 2021 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 (0.0% per year) and Italy (0.0% per year).

Source: IndexBox Platform

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