Saudi Arabia: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Saudi Arabia

The Saudi sheepskin and lambskin market declined modestly to $X in 2021, standing approx. at the previous year. Over the period under review, consumption, however, saw a pronounced setback. Sheepskin and lambskin consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sheepskin And Lambskin Production in Saudi Arabia

In value terms, sheepskin and lambskin production contracted to $X in 2021 estimated in export price. Overall, production recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 30%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

In 2021, the average sheepskin and lambskin yield in Saudi Arabia stood at X kg per head, flattening at the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 2.9% against the previous year. Over the period under review, the average sheepskin and lambskin yield hit record highs in 2021 and is expected to retain growth in years to come.

The number of animals slaughtered for sheepskin and lambskin production in Saudi Arabia dropped modestly to X heads in 2021, stabilizing at the previous year. In general, the number of producing animals continues to indicate a mild decline. The growth pace was the most rapid in 2015 when the number of producing animals increased by 4.8%. The number of animals slaughtered for sheepskin and lambskin production peaked at X heads in 2013; however, from 2014 to 2021, producing animals stood at a somewhat lower figure.

Sheepskin And Lambskin Exports

Exports from Saudi Arabia

In 2021, overseas shipments of sheep or lamb skins (without wool) decreased by -35.1% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by 99% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports shrank dramatically to $X in 2021. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 67% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), Hong Kong SAR (X tons) and Turkey (X tons) were the main destinations of sheepskin and lambskin exports from Saudi Arabia, with a combined 60% share of total exports. Pakistan, China, Ethiopia, Italy, the United Arab Emirates and Thailand lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +40.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sheepskin and lambskin exported from Saudi Arabia were Hong Kong SAR ($X), Turkey ($X) and India ($X), together comprising 36% of total exports. Italy, Thailand, China, the United Arab Emirates, Pakistan and Ethiopia lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, Ethiopia, with a CAGR of +29.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2021, shrinking by -28.6% against the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 33%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to India ($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 Thailand (+26.6%), while the prices for the other major destinations experienced a decline.

Sheepskin And Lambskin Imports

Imports into Saudi Arabia

In 2021, the amount of sheep or lamb skins (without wool) imported into Saudi Arabia stood at X tons, therefore, remained relatively stable against the previous year. Overall, imports recorded a dramatic slump. The smallest decline of 99.9% was in 2013. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sheepskin and lambskin imports stood at $X in 2021. Over the period under review, imports faced a sharp contraction. The smallest decline of 99.9% was in 2013. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Syrian Arab Republic (X tons) was the main supplier of sheepskin and lambskin to Saudi Arabia, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Syrian Arab Republic stood at -9.9%.

In value terms, Syrian Arab Republic ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value from Syrian Arab Republic totaled -18.6%.

Import Prices by Country

In 2021, the average sheepskin and lambskin import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 a decrease of 99.9%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Syrian Arab Republic.

From 2012 to 2021, the rate of growth in terms of prices for Syrian Arab Republic amounted to -9.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :