Southern Asia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Southern Asia

In 2021, the South Asian goat hides and skins market decreased by -1% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced slightly in the following year.

Production of Goat Or Kid Hides And Skins in Southern Asia

In value terms, goat hides and skins production dropped modestly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +105.0% against 2013 indices. The growth pace was the most rapid in 2019 with an increase of 30% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced modestly in the following year.

The countries with the highest volumes of production in 2021 were Pakistan (X tons), India (X tons) and Bangladesh (X tons), with a combined 94% share of total production.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +6.6%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average goat hides and skins yield in Southern Asia reduced modestly to X kg per head, remaining stable against the year before. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by 12% against the previous year. The level of yield peaked at X kg per head in 2013; however, from 2014 to 2021, the yield stood at a somewhat lower figure.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Southern Asia; remaining constant against the previous year. This number increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by 18%. The level of producing animals peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports in Southern Asia

Goat hides and skins exports rose modestly to X tons in 2021, surging by 3.1% compared with the year before. Overall, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 94%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports rose remarkably to $X in 2021. In general, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 27%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Pakistan represented the main exporter of goat or kid hides and skins in Southern Asia, with the volume of exports amounting to X tons, which was near 80% of total exports in 2021. It was distantly followed by Afghanistan (X tons), comprising a 14% share of total exports. The following exporters - India (X tons) and Bangladesh (X tons) - each finished at a 6% share of total exports.

Pakistan was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of +27.0% from 2012 to 2021. India (-17.2%), Afghanistan (-25.8%) and Bangladesh (-35.8%) illustrated a downward trend over the same period. While the share of Pakistan (+78 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Afghanistan (-34.9 p.p.) and Bangladesh (-35 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest goat hides and skins supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 11% share of total exports. It was followed by India, with a 4.8% share.

In Pakistan, goat hides and skins exports expanded at an average annual rate of +24.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (-21.0% per year) and India (-13.2% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, with an increase of 3.2% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 89% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+23.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in Southern Asia

In 2021, purchases abroad of goat or kid hides and skins was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by 56%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports soared to $X in 2021. In general, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 57% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Pakistan (X tons) represented the major importer of goat or kid hides and skins, making up 75% of total imports. It was distantly followed by India (X tons), mixing up a 24% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to goat hides and skins imports into Pakistan stood at -12.1%. India (-10.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +2.9 percentage points.

In value terms, Pakistan ($X) constitutes the largest market for imported goat or kid hides and skins in Southern Asia, comprising 80% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports.

In Pakistan, goat hides and skins imports declined by an average annual rate of -8.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+3.7%).

Source: IndexBox Platform

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