Thailand: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Thailand

In 2021, the Thai goat hides and skins market increased by 22% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +41.8% against 2019 indices. Goat hides and skins consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Thailand

In value terms, goat hides and skins production fell to $X in 2021 estimated in export price. Overall, production saw a notable expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 138% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

In 2021, the average goat hides and skins yield in Thailand totaled X kg per head, approximately mirroring the year before. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 5% against the previous year. The goat hides and skins yield peaked in 2021 and is likely to continue growth in the immediate term.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Thailand; picking up by 2.2% on the previous year's figure. Over the period under review, the number of producing animals saw a relatively flat trend pattern. As a result, the number of producing animals reached the peak level and is likely to continue growth in the immediate term.

Exports of Goat Or Kid Hides And Skins

Exports from Thailand

For the third year in a row, Thailand recorded decline in shipments abroad of goat or kid hides and skins, which decreased by -9.9% to X tons in 2021. Over the period under review, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 130% against the previous year. Over the period under review, the exports reached the peak figure 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 significantly to $X in 2021. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 53%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Japan (X tons) and Italy (X tons) were the main destinations of goat hides and skins exports from Thailand, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +18.7%), while shipments for the other leaders experienced a decline.

In value terms, Singapore ($X), Japan ($X) and Italy ($X) appeared to be the largest markets for goat hides and skins exported from Thailand worldwide, with a combined 100% share of total exports.

Singapore, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, increasing by 18% against the previous year. Overall, the export price posted a resilient increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 303%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 Indonesia (+76.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Thailand

Goat hides and skins imports into Thailand rose significantly to X tons in 2021, with an increase of 6.4% against the previous year. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 54%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports soared to $X in 2021. Overall, imports recorded a measured increase. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest goat hides and skins supplier to Thailand, with a 79% share of total imports. Moreover, goat hides and skins imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. Greece (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.6% per year) and Greece (+46.8% per year).

In value terms, Japan ($X) constituted the largest supplier of goat or kid hides and skins to Thailand, comprising 73% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Greece, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and Greece (+44.0% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, growing by 31% against the previous year. Overall, the import price, however, saw a deep contraction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :