Western Africa: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Western Africa

In 2021, the West African goat hides and skins market decreased by -1.9% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Western Africa

In value terms, goat hides and skins production expanded significantly to $X in 2021 estimated in export price. Overall, production saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 25%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Nigeria (X tons) constituted the country with the largest volume of goat hides and skins production, comprising approx. 51% of total volume. Moreover, goat hides and skins production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), threefold. The third position in this ranking was held by Ghana (X tons), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Nigeria stood at +1.9%. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (+4.7% per year) and Ghana (+4.4% per year).

The average goat hides and skins yield reduced slightly to X kg per head in 2021, which is down by -1.9% compared with the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 6.1%. The level of yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure.

In 2021, approx. X heads of animals slaughtered for goat hides and skins production in Western Africa; almost unchanged from the year before. This number increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 when the number of producing animals increased by 6.5%. The level of producing animals peaked at X heads in 2020, and then fell modestly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports in Western Africa

In 2021, shipments abroad of goat or kid hides and skins decreased by -21.7% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 61%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports rose modestly to $X in 2021. In general, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 146% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Nigeria (X tons) represented the largest exporter of goat or kid hides and skins, constituting 33% of total exports. Senegal (X tons) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by Mauritania (17%), Ghana (17%), Togo (6.3%) and Benin (5.1%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Benin (with a CAGR of +85.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest goat hides and skins supplying countries in Western Africa were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined 89% share of total exports.

Among the main exporting countries, Ghana, with a CAGR of +85.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, increasing by 33% against the previous year. In general, the export price showed buoyant growth. The growth pace was the most rapid in 2016 an increase of 69% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+15.6%), while the other leaders experienced a decline in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in Western Africa

In 2021, purchases abroad of goat or kid hides and skins decreased by -45.6% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 175%. Over the period under review, imports hit record highs at X tons in 2020, and then declined markedly in the following year.

In value terms, goat hides and skins imports reduced rapidly to $X in 2021. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 247% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

The purchases of the one major importers of goat or kid hides and skins, namely Nigeria, represented more than two-thirds of total import.

Nigeria was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of +62.8% from 2012 to 2021. While the share of Nigeria (+66 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported goat or kid hides and skins in Western Africa.

In Nigeria, goat hides and skins imports increased at an average annual rate of +72.2% over the period from 2012-2021.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, waning by -6.1% against the previous year. In general, the import price, however, recorded a tangible expansion. The growth pace was the most rapid in 2020 an increase of 75%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to +5.8% per year.

Source: IndexBox Platform

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