U.S.: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in the U.S.

The U.S. goat hides and skins market rose sharply to $X in 2021, increasing by 12% against the previous year. In general, consumption enjoyed a strong expansion. Goat hides and skins consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in the U.S.

In value terms, goat hides and skins production expanded significantly to $X in 2021. Overall, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -24.8% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

In 2021, the average yield of goat or kid hides and skins in the United States skyrocketed to X kg per head, with an increase of 22% on the year before. The yield figure increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the yield attained the peak level 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 the United States; reducing by -4.1% on the previous year. Overall, the number of producing animals recorded a perceptible contraction. The growth pace was the most rapid in 2019 when the number of producing animals increased by 8.6% against the previous year. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from the U.S.

In 2021, the amount of goat or kid hides and skins exported from the United States surged to X tons, with an increase of 19% compared with 2020 figures. In general, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports contracted to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 39%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Thailand (X tons) and Mexico (X tons) were the main destinations of goat hides and skins exports from the United States, together accounting for 74% of total exports. Vietnam, Cambodia, Taiwan (Chinese), the UK and Hong Kong SAR lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +82.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for goat hides and skins exported from the United States were Thailand ($X), Mexico ($X) and China ($X), together accounting for 19% of total exports. These countries were followed by Cambodia, Taiwan (Chinese), Vietnam, the UK and Hong Kong SAR, which together accounted for a further 5.9%.

In terms of the main countries of destination, Cambodia, with a CAGR of +56.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, falling by -20.2% against the previous year. Over the period under review, the export price, however, posted mild growth. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($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 Hong Kong SAR (+29.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Goat Or Kid Hides And Skins

Imports into the U.S.

In 2021, supplies from abroad of goat or kid hides and skins decreased by -20.7% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a significant decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 51% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports soared to $X in 2021. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2014 when imports increased by 53%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Canada (X tons), Brazil (X tons) and Russia (X tons) were the main suppliers of goat hides and skins imports to the United States, together accounting for 59% of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +142.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest goat hides and skins suppliers to the United States were Canada ($X), Brazil ($X) and New Zealand ($X), together comprising 27% of total imports. These countries were followed by Russia, Mexico, Kyrgyzstan, Cote d'Ivoire and Argentina, which together accounted for a further 11%.

Among the main suppliers, Russia, with a CAGR of +74.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, jumping by 64% against the previous year. Over the period under review, the import price posted a significant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 443%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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