Spain: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Spain

In 2021, after two years of decline, there was significant growth in the Spanish goat hides and skins market, when its value increased by 42% to $X. Over the period under review, consumption, however, showed a deep contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Spain

In value terms, goat hides and skins production dropped sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 98%. Goat hides and skins production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

In 2021, the average yield of goat or kid hides and skins in Spain expanded modestly to X kg per head, rising by 2.5% on 2020 figures. The yield figure increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 8% against the previous year. Over the period under review, the average goat hides and skins yield hit record highs at X kg per head in 2014; however, from 2015 to 2021, the yield failed to regain momentum.

The number of animals slaughtered for goat hides and skins production in Spain dropped slightly to X heads in 2021, shrinking by -2.8% against the previous year. In general, the number of producing animals showed a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of 7.9% against the previous year. Over the period under review, this number hit record highs at X heads in 2018; however, from 2019 to 2021, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Spain

In 2021, exports of goat or kid hides and skins from Spain fell modestly to X tons, with a decrease of -1.6% compared with the previous year. In general, total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.4% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 115%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports surged to $X in 2021. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 145% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for goat hides and skins exports from Spain, accounting for a 84% share of total exports. Moreover, goat hides and skins exports to China exceeded the volume sent to the second major destination, Nigeria (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+28.6% per year) and Ghana (-13.7% per year).

In value terms, China ($X) remains the key foreign market for goat or kid hides and skins exports from Spain, comprising 91% of total exports. The second position in the ranking was held by Nigeria ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+24.0% per year) and Ghana (-18.0% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, rising by 30% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-3.6%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Spain

In 2021, goat hides and skins imports into Spain surged to X tons, increasing by 1,986% against 2020. Over the period under review, imports, however, faced a abrupt decrease. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports soared to $X in 2021. Overall, imports, however, showed a abrupt setback. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Portugal (X tons) were the main suppliers of goat hides and skins imports to Spain, with a combined 97% share of total imports. These countries were followed by Italy, which accounted for a further 2.8%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +141.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of goat or kid hides and skins to Spain, comprising 78% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.7% share of total imports. It was followed by Germany, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +91.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+98.6% per year) and Germany (+60.2% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 194% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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