Singapore: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in Singapore

In 2022, the Singaporean sheepskin and lambskin market decreased by -14.6% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a deep setback. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Singapore

In value terms, sheepskin and lambskin production contracted slightly to $X in 2022 estimated in export price. In general, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of sheep or lamb skins (without wool) in Singapore was estimated at X kg per head in 2022, flattening at 2021 figures. In general, the yield showed a relatively flat trend pattern. The sheepskin and lambskin yield peaked in 2022 and is likely to see gradual growth in the immediate term.

In 2022, approx. X head of animals slaughtered for sheepskin and lambskin production in Singapore; therefore, remained relatively stable against 2021. Over the period under review, the number of producing animals recorded a mild decrease. The growth pace was the most rapid in 2017 with an increase of 11% against the previous year. The number of animals slaughtered for sheepskin and lambskin production peaked at X heads in 2013; however, from 2014 to 2022, producing animals remained at a lower figure.

Sheepskin And Lambskin Exports

Exports from Singapore

In 2022, sheepskin and lambskin exports from Singapore dropped sharply to X kg, which is down by -15.9% compared with 2021 figures. Over the period under review, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2016 when exports increased by 537% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports contracted dramatically to $X in 2022. In general, exports recorded a dramatic contraction. The growth pace was the most rapid in 2016 when exports increased by 514%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for sheepskin and lambskin exports from Singapore, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at -24.3%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for sheep or lamb skins (without wool) exports from Singapore.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at -31.0%.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2022, declining by -16.8% against the previous year. Overall, the export price recorded a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 26%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -8.7% per year.

Sheepskin And Lambskin Imports

Imports into Singapore

In 2022, overseas purchases of sheep or lamb skins (without wool) decreased by -21.7% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 114%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, sheepskin and lambskin imports declined modestly to $X in 2022. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 164% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Myanmar (X tons) was the main sheepskin and lambskin supplier to Singapore, with a 95% share of total imports. Moreover, sheepskin and lambskin imports from Myanmar exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Myanmar amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (0.0% per year) and Italy (-56.1% per year).

In value terms, Myanmar ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Singapore, comprising 75% of total imports. The second position in the ranking was taken by Australia ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Myanmar stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (0.0% per year) and Italy (-36.5% per year).

Import Prices by Country

In 2022, the average sheepskin and lambskin import price amounted to $X per ton, increasing by 22% against the previous year. Overall, the import price, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 176% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+44.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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