Singapore: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Singapore

In 2021, the Singaporean goat hides and skins market decreased by -29.2% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a deep slump. Goat hides and skins consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Singapore

In value terms, goat hides and skins production shrank dramatically to $X in 2021 estimated in export price. Overall, production, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 254% against the previous year. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

The average yield of goat or kid hides and skins in Singapore stood at X kg per X heads in 2021, picking up by 13% against 2020 figures. The yield figure increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by 50%. The goat hides and skins yield peaked in 2021 and is expected to retain growth in the immediate term.

In 2021, the number of animals slaughtered for goat hides and skins production in Singapore dropped to X head, which is down by -1.9% on the previous year. In general, the number of producing animals recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by 1.4% against the previous year. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2012; however, from 2013 to 2021, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Singapore

In 2021, shipments abroad of goat or kid hides and skins decreased by -64.4% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 17%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, goat hides and skins exports fell to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), Hong Kong SAR (X tons) and Spain (X tons) were the main destinations of goat hides and skins exports from Singapore, with a combined 79% share of total exports. France, Italy, Mexico, India, Germany, Japan and the United States lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, France ($X) remains the key foreign market for goat or kid hides and skins exports from Singapore, comprising 49% of total exports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-4.7% per year) and Spain (-9.4% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, picking up by 178% against the previous year. Overall, the export price showed slight growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to India ($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 France (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Singapore

In 2021, overseas purchases of goat or kid hides and skins decreased by -32.5% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by 86%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports contracted markedly to $X in 2021. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 161% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest goat hides and skins supplier to Singapore, accounting for a 37% share of total imports. Moreover, goat hides and skins imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Zambia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.9% per year) and Zambia (+25.6% per year).

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Singapore, comprising 54% of total imports. The second position in the ranking was taken by Kenya ($X), with an 11% share of total imports. It was followed by Zambia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+17.9% per year) and Zambia (+29.7% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, declining by -10% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, goat hides and skins import price decreased by -16.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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