South-Eastern Asia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in South-Eastern Asia

The Southeast Asian goat hides and skins market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in South-Eastern Asia

In value terms, goat hides and skins production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of 53%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

The countries with the highest volumes of production in 2021 were Indonesia (X tons), the Philippines (X tons) and Vietnam (X tons), together accounting for 86% of total production.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +11.4%), while production for the other leaders experienced mixed trends in the production figures.

In 2021, the average yield of goat or kid hides and skins in South-Eastern Asia skyrocketed to X kg per head, picking up by 61% compared with the year before. Overall, the yield, however, saw a noticeable slump. The level of yield peaked at X kg per head in 2013; however, from 2014 to 2021, the yield remained at a lower figure.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in South-Eastern Asia; dropping by -37.5% against 2020 figures. In general, the number of producing animals saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 9.4% against the previous year. The level of producing animals peaked at X heads in 2020, and then dropped significantly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports in South-Eastern Asia

In 2021, overseas shipments of goat or kid hides and skins decreased by -20.4% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 284% against the previous year. The volume of export peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, goat hides and skins exports reduced to $X in 2021. In general, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 6.7% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam prevails in exports structure, resulting at X tons, which was near 85% of total exports in 2021. It was distantly followed by Indonesia (X tons), committing a 9% share of total exports. Myanmar (X tons) took a minor share of total exports.

Vietnam was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +29.3% from 2012 to 2021. At the same time, Indonesia (+4.9%) displayed positive paces of growth. By contrast, Myanmar (-12.2%) illustrated a downward trend over the same period. Vietnam (+63 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Myanmar saw its share reduced by -6.5% and -27.7% from 2012 to 2021, respectively.

In value terms, Vietnam ($X) remains the largest goat hides and skins supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by Indonesia ($X), with a 6.9% share of total exports.

In Vietnam, goat hides and skins exports increased at an average annual rate of +30.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (-7.7% per year) and Myanmar (-6.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by 102% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+6.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in South-Eastern Asia

In 2021, approx. X tons of goat or kid hides and skins were imported in South-Eastern Asia; increasing by 19% compared with the previous year's figure. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +27.6% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 22% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 46%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Thailand was the major importer of goat or kid hides and skins in South-Eastern Asia, with the volume of imports recording X tons, which was near 69% of total imports in 2021. Vietnam (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (7.2%). Cambodia (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to goat hides and skins imports into Thailand stood at +8.6%. At the same time, Cambodia (+115.7%) and Indonesia (+37.0%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +115.7% from 2012-2021. By contrast, Vietnam (-3.3%) illustrated a downward trend over the same period. While the share of Thailand (+16 p.p.), Indonesia (+6.5 p.p.) and Cambodia (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Vietnam (-24.7 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported goat or kid hides and skins in South-Eastern Asia, comprising 64% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total imports. It was followed by Indonesia, with a 5.6% share.

In Thailand, goat hides and skins imports expanded at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (-8.2% per year) and Indonesia (+32.8% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and Indonesia ($X per ton), while Vietnam ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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