Southern Asia: Market for Goat Or Kid Hides And Skins 2025

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

In 2021, the South Asian goat hides and skins market decreased by -2.4% 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 +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Production of Goat Or Kid Hides And Skins in Southern Asia

In value terms, goat hides and skins production shrank to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +81.0% against 2013 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 41% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined 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), together comprising 94% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Pakistan (with a CAGR of +6.6%), while production for the other leaders experienced more modest paces of growth.

The average goat hides and skins yield shrank to X kg per head in 2021, remaining constant against the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 12%. The level of yield peaked at X kg per head in 2013; however, from 2014 to 2021, the yield remained at a lower figure.

The global number of animals slaughtered for goat hides and skins production stood at X heads in 2021, remaining relatively unchanged against 2020 figures. This number increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Over the period under review, this number reached the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports in Southern Asia

In 2021, approx. X tons of goat or kid hides and skins were exported in Southern Asia; increasing by 3.2% compared with 2020. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 79% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports expanded notably to $X in 2021. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan was the major exporter of goat or kid hides and skins in Southern Asia, with the volume of exports finishing at X tons, which was near 81% of total exports in 2021. It was distantly followed by Afghanistan (X tons), mixing up a 14% share of total exports. India (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

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 (-17.3%), Afghanistan (-25.8%) and Bangladesh (-37.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Pakistan increased by +78 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest goat hides and skins supplier in Southern Asia, comprising 93% of total exports. The second position in the ranking was taken by India ($X), with a 5.2% share of total exports. It was followed by Afghanistan, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value in Pakistan stood at +24.6%. In the other countries, the average annual rates were as follows: India (-13.4% per year) and Afghanistan (-26.7% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 4% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the export price increased by 106%. The level of export peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the other leaders experienced a decline 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 increased by 2.5% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 53%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, goat hides and skins imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 55% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Pakistan represented the largest importing country with an import of around X tons, which resulted at 76% of total imports. It was distantly followed by India (X tons), committing a 24% share of total imports.

Imports into Pakistan decreased at an average annual rate of -12.1% from 2012 to 2021. India (-8.9%) illustrated a downward trend over the same period. India (+5.6 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -4.2% from 2012 to 2021, respectively.

In value terms, Pakistan ($X) constitutes the largest market for imported goat or kid hides and skins in Southern Asia, comprising 81% of total imports. The second position in the ranking was held by India ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Pakistan stood at -8.9%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2019 when the import price increased by 29%. As a result, import price reached 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 amounted to $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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