Somalia: Market for Goat Or Kid Hides And Skins 2019

Market Size for Goat Or Kid Hides And Skins in Somalia

The revenue of the goat hides and skins market in Somalia amounted to $X in 2018, dropping by -X% against the previous year. Overall, goat hides and skins consumption, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the goat hides and skins market reached its maximum level at $X in 2017, and then declined slightly in the following year.

Production of Goat Or Kid Hides And Skins in Somalia

In value terms, goat hides and skins production stood at $X in 2018 estimated in export prices. Overall, goat hides and skins production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, goat hides and skins production attained its maximum level at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Somalia

Goat hides and skins exports from Somalia amounted to X tons in 2018, growing by X% against the previous year. In general, goat hides and skins exports, however, continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. In that year, goat hides and skins exports reached their peak of X tons. From 2009 to 2018, the growth of goat hides and skins exports remained at a somewhat lower figure.

In value terms, goat hides and skins exports stood at $X in 2018. Overall, goat hides and skins exports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. In that year, goat hides and skins exports reached their peak of $X. From 2009 to 2018, the growth of goat hides and skins exports failed to regain its momentum.

Exports by Country

In 2018, Japan (X tons), distantly followed by Australia (X tons), Vietnam (X tons), China, Hong Kong SAR (X tons), Rwanda (X tons) and Sudan (X tons) represented the key exporters of goat or kid hides and skins, together mixing up X% of total exports. The following exporters - Poland (X tons), the U.S. (X tons), Senegal (X tons), Greece (X tons), Spain (X tons) and Italy (X tons) - together made up X% of total exports.

Exports from Japan decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Rwanda (+X%), Sudan (+X%), Senegal (+X%), Vietnam (+X%), Poland (+X%), the U.S. (+X%) and Greece (+X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain and Australia experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Vietnam, Rwanda, Sudan, Poland, Senegal and the U.S. increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while China, Hong Kong SAR (-X p.p.), Italy (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Japan ($X) and the U.S. ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports.

Vietnam recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The goat hides and skins export price in Somalia stood at $X per ton in 2018, declining by -X% against the previous year. In general, the goat hides and skins export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. Somalia export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports by Country

Taiwan, Chinese (X tons) and China (X tons) represented roughly X% of total imports of goat or kid hides and skins in 2018. Turkey (X tons) took the next position in the ranking, followed by Italy (X tons). All these countries together held near X% share of total imports. Nigeria (X tons), Pakistan (X tons), India (X tons), Japan (X tons), Vietnam (X tons), China, Hong Kong SAR (X tons), Spain (X tons) and Namibia (X tons) held a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Nigeria (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest goat hides and skins importing markets into Somalia were Japan ($X), Taiwan, Chinese ($X) and China ($X), together accounting for X% of total imports. These countries were followed by Vietnam, Italy, Pakistan, Nigeria, Spain, Turkey, India, China, Hong Kong SAR and Namibia, which together accounted for a further X (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The goat hides and skins import price in Somalia stood at $X per ton in 2018, approximately reflecting the previous year. In general, the goat hides and skins import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform