United Arab Emirates: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in the United Arab Emirates

The goat hides and skins market in the United Arab Emirates expanded sharply to $X in 2021, growing by 9.8% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in the United Arab Emirates

In value terms, goat hides and skins production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -43.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

The average yield of goat or kid hides and skins in the United Arab Emirates was estimated at X kg per head in 2021, picking up by 10% on 2020. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

The number of animals slaughtered for goat hides and skins production in the United Arab Emirates fell modestly to X heads in 2021, declining by -2.2% on the year before. This number increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by 20% against the previous year. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2020, and then contracted slightly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports from the United Arab Emirates

In 2021, overseas shipments of goat or kid hides and skins decreased by -40.9% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 91% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports expanded markedly to $X in 2021. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 92%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Pakistan (X tons) and Hong Kong SAR (X tons) were the main destinations of goat hides and skins exports from the United Arab Emirates.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of -11.2%).

In value terms, Pakistan ($X) remains the key foreign market for goat or kid hides and skins exports from the United Arab Emirates, comprising 95% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Pakistan totaled -6.3%.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, rising by 94% against the previous year. In general, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Hong Kong SAR stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+5.4%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into the United Arab Emirates

In 2021, purchases abroad of goat or kid hides and skins was finally on the rise to reach X tons after six years of decline. Over the period under review, imports, however, showed a precipitous decrease. The most prominent rate of growth was recorded in 2014 with an increase of 231% against the previous year. As a result, imports reached 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 amounted to $X in 2021. Overall, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 131%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Zimbabwe (X tons), the Netherlands (X tons) and Senegal (X kg) were the main suppliers of goat hides and skins imports to the United Arab Emirates, together accounting for 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for Zimbabwe (with a CAGR of +9.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Zimbabwe ($X) constituted the largest supplier of goat or kid hides and skins to the United Arab Emirates, comprising 95% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Zimbabwe stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (0.0% per year) and Senegal (-51.7% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, which is down by -19.1% against the previous year. In general, the import price, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 274% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+461.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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