Vietnam: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Vietnam

In 2021, the Vietnamese goat hides and skins market increased by 84% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in Vietnam

In value terms, goat hides and skins production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 -7.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 25% against the previous year. Goat hides and skins production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

In 2021, the average goat hides and skins yield in Vietnam amounted to X kg per head, standing approx. at the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Over the period under review, the average goat hides and skins yield attained the peak level in 2021 and is likely to see steady growth in years to come.

In 2021, the number of animals slaughtered for goat hides and skins production in Vietnam totaled X heads, approximately mirroring the previous year's figure. In general, the number of producing animals saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by 27% against the previous year. Over the period under review, this number reached the peak level in 2021 and is expected to retain growth in the near future.

Exports of Goat Or Kid Hides And Skins

Exports from Vietnam

In 2021, after four years of growth, there was significant decline in overseas shipments of goat or kid hides and skins, when their volume decreased by -24.1% to X tons. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 540% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then reduced sharply in the following year.

In value terms, goat hides and skins exports reduced to $X in 2021. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 276%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for goat hides and skins exports from Vietnam, with a 47% share of total exports. Moreover, goat hides and skins exports to Germany exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +89.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+47.1% per year) and Indonesia (0.0% per year).

In value terms, Japan ($X) remains the key foreign market for goat or kid hides and skins exports from Vietnam, comprising 67% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +70.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.5% per year) and Indonesia (0.0% per year).

Export Prices by Country

In 2021, the average goat hides and skins export price amounted to $X per ton, increasing by 22% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 350% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($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 France (+93.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into Vietnam

In 2021, purchases abroad of goat or kid hides and skins increased by 43% to X tons, rising for the third year in a row after three years of decline. In general, imports, however, showed a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of 84%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports surged to $X in 2021. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 243%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest goat hides and skins supplier to Vietnam, accounting for a 79% share of total imports. Moreover, goat hides and skins imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Bulgaria (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.8% per year) and Bulgaria (-2.5% per year).

In value terms, Japan ($X) constituted the largest supplier of goat or kid hides and skins to Vietnam, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by Bulgaria, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.2% per year) and Bulgaria (-4.3% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, falling by -9.8% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2015 when the average import price increased by 118%. As a result, import price reached the peak level of $X per ton. From 2016 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 Hong Kong SAR ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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