Vietnam: Sheepskin And Lambskin Market 2025

Sheepskin And Lambskin Market Size in Vietnam

The Vietnamese sheepskin and lambskin market soared to $X in 2021, picking up by 83% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a tangible expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Sheepskin And Lambskin Exports

Exports from Vietnam

In 2021, shipments abroad of sheep or lamb skins (without wool) decreased by 0% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 30%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin exports stood at $X in 2021. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 51% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for sheepskin and lambskin exports from Vietnam, accounting for a approx. 96% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lao People's Democratic Republic was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Lao People's Democratic Republic was relatively modest.

Export Prices by Country

In 2021, the average sheepskin and lambskin export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price showed a modest expansion. The pace of growth appeared the most rapid in 2013 an increase of 159% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Sheepskin And Lambskin Imports

Imports into Vietnam

In 2021, approx. X tons of sheep or lamb skins (without wool) were imported into Vietnam; increasing by 59% on the year before. Overall, imports saw a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 266% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, sheepskin and lambskin imports soared to $X in 2021. Over the period under review, imports, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2015 when imports increased by 336% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) constituted the largest sheepskin and lambskin supplier to Vietnam, with a 69% share of total imports. Moreover, sheepskin and lambskin imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+40.8% per year) and South Africa (-26.1% per year).

In value terms, New Zealand ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Vietnam, comprising 62% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value from New Zealand stood at +47.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-12.3% per year) and South Africa (-33.4% per year).

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, growing by 85% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 119%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 New Zealand ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+420.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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