Somalia: Sheepskin And Lambskin Market 2020

Sheepskin And Lambskin Market Size in Somalia

The revenue of the sheepskin and lambskin market in Somalia amounted to $X in 2018, dropping by -X% against the previous year. Over the period under review, sheepskin and lambskin consumption, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, the sheepskin and lambskin market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Somalia

In value terms, sheepskin and lambskin production stood at $X in 2018 estimated in export prices. Overall, sheepskin and lambskin production continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Somalia sheepskin and lambskin production peaked at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Sheepskin And Lambskin Exports

Exports from Somalia

In 2018, the sheepskin and lambskin exports from Somalia stood at X tons, jumping by X% against the previous year. Over the period under review, sheepskin and lambskin exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% y-o-y. Over the period under review, sheepskin and lambskin exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, sheepskin and lambskin exports stood at $X in 2018. Over the period under review, sheepskin and lambskin exports, however, continue to indicate a drastic decline. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, sheepskin and lambskin exports reached their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Australia represented the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by the UK (X tons) and New Zealand (X tons), together generating a X% share of total exports. Ireland (X tons), South Africa (X tons), France (X tons), Spain (X tons) and the U.S. (X tons) followed a long way behind the leaders.

Australia experienced a relatively flat trend pattern of sheep or lamb skins (without wool) exports. At the same time, Ireland (+X%), New Zealand (+X%), South Africa (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%), France (-X%) and Spain (-X%) illustrated a downward trend over the same period. While the share of New Zealand (+X p.p.), Australia (+X p.p.), Ireland (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of France (-X p.p.) and Spain (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest sheepskin and lambskin supplier from Somalia, comprising X% of global exports. The second position in the ranking was occupied by the UK ($X), with a X% share of global exports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: the UK (-X% per year) and Spain (-X% per year).

Export Prices by Country

In 2018, the sheepskin and lambskin export price in Somalia amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the sheepskin and lambskin export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices for sheep or lamb skins (without wool) attained their maximum at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Spain ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced mixed trends in the export price figures.

Sheepskin And Lambskin Imports

Imports by Country

In 2018, China (X tons) represented the main importer of sheep or lamb skins (without wool), comprising X% of total imports. It was distantly followed by Turkey (X tons), making up a X% share of total imports. The following importers - Spain (X tons) and Russia (X tons) - each reached a X% share of total imports.

China was also the fastest-growing in terms of the sheep or lamb skins (without wool) imports, with a CAGR of +X% from 2007 to 2018. Spain (-X%), Russia (-X%) and Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while Russia (-X p.p.) and Turkey (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sheep or lamb skins (without wool) into Somalia, comprising X% of global imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: Turkey (-X% per year) and Spain (-X% per year).

Import Prices by Country

The sheepskin and lambskin import price in Somalia stood at $X per ton in 2018, approximately reflecting the previous year. Overall, the sheepskin and lambskin import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for sheep or lamb skins (without wool) attained their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform