United Kingdom: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in the UK

The UK goat hides and skins market declined slightly to $X in 2021, with a decrease of -4.8% against the previous year. In general, consumption showed a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in the UK

In value terms, goat hides and skins production fell to $X in 2021 estimated in export price. In general, production showed a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. Goat hides and skins production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from the UK

In 2021, exports of goat or kid hides and skins from the UK surged to X tons, rising by 122% on the year before. Overall, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 4,104%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, goat hides and skins exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 when exports increased by 1,150%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for goat hides and skins exports from the UK, with a 83% share of total exports. Moreover, goat hides and skins exports to Italy exceeded the volume sent to the second major destination, Poland (X kg), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X kg), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+18.6% per year) and Hong Kong SAR (+25.8% per year).

In value terms, Italy ($X) emerged as the key foreign market for goat or kid hides and skins exports from the UK, comprising 65% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 25% share of total exports. It was followed by Poland, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+31.7% per year) and Poland (+84.6% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, increasing by 145% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 261% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained 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 Hong Kong SAR ($X per ton), while the average price for exports to Poland ($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 Sweden (+749.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into the UK

In 2021, purchases abroad of goat or kid hides and skins decreased by -2.3% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a slight downturn. The growth pace was the most rapid in 2015 when imports increased by 125% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports dropped to $X in 2021. Overall, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2015 when imports increased by 111%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main supplier of goat hides and skins to the UK, with a 96% share of total imports. Moreover, goat hides and skins imports from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +3.2%.

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to the UK, comprising 89% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +2.8%.

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, flattening at the previous year. Overall, the import price showed a mild decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average 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 Taiwan (Chinese) ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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