Venezuela: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Venezuela

After two years of growth, the Venezuelan goat hides and skins market decreased by -8% to $X in 2021. In general, consumption recorded a mild downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Venezuela

In value terms, goat hides and skins production reduced notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep reduction. The growth pace was the most rapid in 2013 when the production volume increased by 111% against the previous year. Goat hides and skins production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of goat or kid hides and skins in Venezuela amounted to X kg per head, therefore, remained relatively stable against 2020 figures. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the yield increased by 22% against the previous year. The goat hides and skins yield peaked in 2021 and is expected to retain growth in the near future.

In 2021, number of animals slaughtered for goat hides and skins production in Venezuela rose to X heads, growing by 1.7% against the previous year's figure. This number increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the number of producing animals increased by 5.1%. Over the period under review, this number reached the maximum level at X heads in 2019; however, from 2020 to 2021, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Venezuela

After two years of decline, shipments abroad of goat or kid hides and skins increased by 64% to X tons in 2021. In general, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 242%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, goat hides and skins exports dropped significantly to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 292%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Cambodia (X tons) and Italy (X tons) were the main destinations of goat hides and skins exports from Venezuela, together comprising 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +6.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for goat or kid hides and skins exports from Venezuela, comprising 59% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 16% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+17.5% per year) and Germany (-29.2% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, declining by -52.2% against the previous year. Over the period under review, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 78% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the average price for exports to Cambodia ($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 (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Goat Or Kid Hides And Skins

Imports into Venezuela

For the sixth year in a row, Venezuela recorded decline in purchases abroad of goat or kid hides and skins, which decreased by -8.3% to X kg in 2021. Overall, imports faced a significant contraction. The pace of growth appeared the most rapid in 2015 when imports increased by 1,010%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, goat hides and skins imports contracted to $X in 2021. Over the period under review, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2015 with an increase of 1,312% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X kg) constituted the largest goat hides and skins supplier to Venezuela, accounting for a 82% share of total imports. Moreover, goat hides and skins imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -41.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-30.7% per year) and Panama (-36.9% per year).

In value terms, Panama ($X) constituted the largest supplier of goat or kid hides and skins to Venezuela, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama stood at -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-43.4% per year) and the United States (-37.1% per year).

Import Prices by Country

In 2021, the average goat hides and skins import price amounted to $X per ton, rising by 8.2% against the previous year. In general, the import price posted significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 144%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Panama ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+34.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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