South-Eastern Asia: Market for Goat Or Kid Hides And Skins 2025

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

In 2021, the Southeast Asian goat hides and skins market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a perceptible decrease. The level of consumption peaked at $X in 2016; however, from 2017 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 rose notably to $X in 2021 estimated in export price. Overall, production showed a abrupt curtailment. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The countries with the highest volumes of production in 2021 were Indonesia (X tons), Vietnam (X tons) and the Philippines (X tons), together accounting for 88% of total production.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +19.9%), while production for the other leaders experienced mixed trends in the production figures.

In 2021, the average goat hides and skins yield in South-Eastern Asia soared to X kg per head, jumping by 52% on the year before. Overall, the yield, however, saw a mild shrinkage. Over the period under review, the goat hides and skins yield attained the peak level at X kg per head in 2013; however, from 2014 to 2021, the yield remained at a lower figure.

In 2021, the number of animals slaughtered for goat hides and skins production in South-Eastern Asia shrank sharply to X heads, which is down by -37.5% compared with 2020. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 9.4% against the previous year. Over the period under review, this number hit record highs at X heads in 2020, and then reduced dramatically in the following year.

Exports of Goat Or Kid Hides And Skins

Exports in South-Eastern Asia

In 2021, after four years of growth, there was significant decline in shipments abroad of goat or kid hides and skins, when their volume decreased by -20.7% to X tons. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 488%. Over the period under review, the exports attained the maximum at X tons in 2020, and then fell sharply in the following year.

In value terms, goat hides and skins exports fell to $X in 2021. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 624% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in exports structure, accounting for X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Indonesia (X tons), achieving a 9.1% share of total exports. Myanmar (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +33.0% from 2012 to 2021. At the same time, Indonesia (+5.8%) displayed positive paces of growth. By contrast, Myanmar (-12.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam increased by +65 percentage points.

In value terms, Vietnam ($X) remains the largest goat hides and skins supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 5.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +60.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-4.3% 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, with an increase of 22% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2017 an increase of 303% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

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 Vietnam (+20.4%), 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, overseas purchases of goat or kid hides and skins were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 136% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports stood at $X in 2021. In general, imports continue to indicate modest growth. The pace of growth was the most pronounced in 2015 when imports increased by 392%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Indonesia prevails in imports structure, finishing at X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Thailand (X tons), achieving a 7.7% share of total imports.

Indonesia was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of +35.7% from 2012 to 2021. Thailand (-6.6%) illustrated a downward trend over the same period. While the share of Indonesia (+71 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-40.5 p.p.) displayed negative dynamics.

In value terms, the largest goat hides and skins importing markets in South-Eastern Asia were Indonesia ($X) and Thailand ($X).

In terms of the main importing countries, Indonesia, with a CAGR of +34.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, dropping by -30.3% against the previous year. In general, the import price faced a deep reduction. The growth pace was the most rapid in 2015 an increase of 109%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :