U.S.: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in the U.S.

In 2021, the U.S. sheepskin and lambskin market decreased by -75.6% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption showed a deep setback. Over the period under review, the market hit record highs at $X in 2020, and then reduced dramatically in the following year.

Sheepskin And Lambskin Production in the U.S.

In value terms, sheepskin and lambskin production rose modestly to $X in 2021. Over the period under review, production saw a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 40%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

The average yield of sheep or lamb skins (without wool) in the United States shrank markedly to X kg per head in 2021, with a decrease of -74.1% on 2020 figures. Overall, the yield recorded a deep downturn. The growth pace was the most rapid in 2015 with an increase of 3.7% against the previous year. The sheepskin and lambskin yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield failed to regain momentum.

In 2021, the number of animals slaughtered for sheepskin and lambskin production in the United States stood at X heads, increasing by 1.6% compared with the year before. In general, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the number of producing animals increased by 6%. Over the period under review, this number reached the peak level at X heads in 2019; afterwards, it flattened through to 2021.

Sheepskin And Lambskin Exports

Exports from the U.S.

After three years of decline, shipments abroad of sheep or lamb skins (without wool) increased by 62% to X tons in 2021. Over the period under review, exports, however, saw a abrupt setback. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt decrease. 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

China (X tons) was the main destination for sheepskin and lambskin exports from the United States, accounting for a 85% share of total exports. Moreover, sheepskin and lambskin exports to China exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold. The third position in this ranking was taken by Brazil (X tons), with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-12.9% per year) and Brazil (+0.1% per year).

In value terms, China ($X) remains the key foreign market for sheep or lamb skins (without wool) exports from the United States, comprising 86% of total exports. The second position in the ranking was taken by Turkey ($X), with a 7.3% share of total exports. It was followed by Canada, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-15.2% per year) and Canada (-8.7% per year).

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2021, surging by 4.2% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 33%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Turkey ($X per ton), while the average price for exports to Brazil ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-2.7%), while the prices for the other major destinations experienced a decline.

Sheepskin And Lambskin Imports

Imports into the U.S.

Sheepskin and lambskin imports into the United States soared to X tons in 2021, surging by 24% against the year before. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 84%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sheepskin and lambskin imports contracted to $X in 2021. In general, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main sheepskin and lambskin supplier to the United States, accounting for a 96% share of total imports. It was followed by Australia (X tons), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to -14.1%.

In value terms, Canada ($X) constituted the largest supplier of sheep or lamb skins (without wool) to the United States, comprising 84% of total imports. The second position in the ranking was held by Australia ($X), with an 8.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada amounted to -7.1%.

Import Prices by Country

In 2021, the average sheepskin and lambskin import price amounted to $X per ton, dropping by -19.6% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 an increase of 80%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+27.9%).

Source: IndexBox Platform

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