Scandinavia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Scandinavia

In 2021, the Scandinavia goat hides and skins market decreased by -24.8% to $X, falling for the sixth year in a row after four years of growth. In general, consumption showed a abrupt descent. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Scandinavia

In value terms, goat hides and skins production declined dramatically to $X in 2021 estimated in export price. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 154%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Norway (X tons) constituted the country with the largest volume of goat hides and skins production, comprising approx. 65% of total volume. Moreover, goat hides and skins production in Norway exceeded the figures recorded by the second-largest producer, Sweden (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume in Norway was relatively modest. In the other countries, the average annual rates were as follows: Sweden (+0.9% per year) and Denmark (-16.9% per year).

The average goat hides and skins yield declined modestly to X kg per head in 2021, with a decrease of -4.6% compared with the previous year's figure. Overall, the yield continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 when the yield increased by 38%. As a result, the yield attained the peak level of X kg per head. From 2015 to 2021, the growth of the goat hides and skins yield remained at a somewhat lower figure.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Scandinavia; which is down by -3.2% compared with the previous year. This number increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the number of producing animals increased by 20%. Over the period under review, this number attained the maximum level at X heads in 2018; however, from 2019 to 2021, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports in Scandinavia

In 2021, shipments abroad of goat or kid hides and skins increased by 25% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, goat hides and skins exports fell significantly to $X in 2021. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 70%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) and Norway (X tons) prevails in exports structure, together comprising 98% of total exports. Finland (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 key exporting countries, was attained by Sweden (with a CAGR of -0.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X) remains the largest goat hides and skins supplier in Scandinavia, comprising 59% of total exports. The second position in the ranking was held by Norway ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden amounted to -3.0%. In the other countries, the average annual rates were as follows: Norway (-16.3% per year) and Finland (-19.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, shrinking by -44% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 50%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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 Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+9.0%), while the other leaders experienced a decline in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in Scandinavia

In 2021, the amount of goat or kid hides and skins imported in Scandinavia fell markedly to X tons, which is down by -62.5% on the previous year. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 74%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports reduced markedly to $X in 2021. Over the period under review, imports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 91%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Denmark represented the key importer of goat or kid hides and skins in Scandinavia, with the volume of imports finishing at X tons, which was near 38% of total imports in 2021. Norway (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Sweden (21%) and Finland (15%). Iceland (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +23.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest goat hides and skins importing markets in Scandinavia were Sweden ($X), Norway ($X) and Iceland ($X), together comprising 83% of total imports.

Among the main importing countries, Iceland, with a CAGR of +23.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, falling by -15.8% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when the import price increased by 43% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+13.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform