Thailand: Market for Goat Or Kid Hides And Skins 2025

Market Size for Goat Or Kid Hides And Skins in Thailand

In 2021, the Thai goat hides and skins market decreased by -2% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020, and then fell slightly in the following year.

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 showed a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 248%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

In 2021, the average goat hides and skins yield in Thailand totaled X kg per head, flattening at the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 5%. The goat hides and skins yield peaked in 2021 and is likely to see gradual growth in the immediate term.

In 2021, number of animals slaughtered for goat hides and skins production in Thailand rose modestly to X heads, surging by 2.2% on the previous year. Over the period under review, the number of producing animals saw a relatively flat trend pattern. As a result, the amount of animals produced 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

Goat hides and skins exports from Thailand contracted remarkably to X kg in 2021, with a decrease of -73.9% on 2020 figures. In general, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2017 when exports increased by 77% 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 remained at a lower figure.

In value terms, goat hides and skins exports contracted rapidly to $X in 2021. Overall, exports saw a sharp slump. The pace of growth was the most pronounced in 2017 with an increase of 172% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for goat hides and skins exports from Thailand, accounting for a 90% share of total exports. Moreover, goat hides and skins exports to China exceeded the volume sent to the second major destination, Israel (X kg), more than tenfold. The Netherlands (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+1,100.0% per year) and the Netherlands (0.0% per year).

In value terms, China ($X) remains the key foreign market for goat or kid hides and skins exports from Thailand, comprising 93% of total exports. The second position in the ranking was held by Hungary ($X), with a 2.3% share of total exports. It was followed by the Netherlands, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+284.8% per year) and the Netherlands (0.0% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2013 when the average export price increased by 200%. 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 overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the United States ($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 Japan (+51.5%), 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

In 2021, approx. X tons of goat or kid hides and skins were imported into Thailand; increasing by 3% compared with the previous year's figure. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 74%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports fell slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2019 with an increase of 168% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of goat hides and skins to Thailand, with a 62% share of total imports. Moreover, goat hides and skins imports from the United States exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-13.6% per year) and Indonesia (-6.5% per year).

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Thailand, comprising 82% of total imports. The second position in the ranking was held by Indonesia ($X), with an 11% share of total imports. It was followed by Malaysia, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-9.7% per year) and Malaysia (-17.3% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, with a decrease of -6.5% against the previous year. Over the period under review, the import price, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2019 an increase of 53% against the previous year. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+15.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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