Overview of the Global Market for Goat Or Kid Hides And Skins

Market Size for Goat Or Kid Hides And Skins

The global goat hides and skins market rose modestly to $X in 2021, growing by 1.9% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Goat Or Kid Hides And Skins

In value terms, goat hides and skins production declined to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 increased by +36.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, global production growth remained at a lower figure.

The country with the largest volume of goat hides and skins production was China (X tons), comprising approx. 34% of total volume. Moreover, goat hides and skins production in China exceeded the figures recorded by the second-largest producer, Pakistan (X tons), fourfold. India (X tons) ranked third in terms of total production with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in China amounted to +2.7%. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+6.6% per year) and India (+0.7% per year).

In 2021, the global average yield of goat or kid hides and skins stood at X kg per head, with an increase of 2.6% compared with 2020 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 5.8%. The global yield peaked in 2021 and is expected to retain growth in the near future.

The global number of animals slaughtered for goat hides and skins production was estimated at X heads in 2021, leveling off at the previous year's figure. This number increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the number of producing animals increased by 6.6% against the previous year. The global producing animals peaked in 2021 and is likely to continue growth in years to come.

Exports of Goat Or Kid Hides And Skins

Exports

In 2021, shipments abroad of goat or kid hides and skins increased by 2.1% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 7.6% against the previous year. The global exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, goat hides and skins exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2013 with an increase of 23%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

In 2021, Japan (X tons) was the key exporter of goat or kid hides and skins, constituting 39% of total exports. It was distantly followed by the United States (X tons), making up a 23% share of total exports. Vietnam (X tons), Spain (X tons), Cyprus (X tons), Greece (X tons), Germany (X tons), New Zealand (X tons), France (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +30.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest goat hides and skins supplying countries worldwide were the United States ($X), Japan ($X) and Germany ($X), with a combined 49% share of global exports. Vietnam, France, Spain, New Zealand, Greece, Cyprus and Canada lagged somewhat behind, together accounting for a further 15%.

Among the main exporting countries, Vietnam, with a CAGR of +30.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2021, jumping by 15% against the previous year. In general, the export price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

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 Germany ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports

Global goat hides and skins imports fell to X tons in 2021, shrinking by -2.8% against the previous year. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 7.4%. Global imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, goat hides and skins imports shrank to $X in 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by 16% against the previous year. Global imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand represented the major importer of goat or kid hides and skins in the world, with the volume of imports reaching X tons, which was near 42% of total imports in 2021. Vietnam (X tons) took the second position in the ranking, followed by China (X tons) and Mexico (X tons). All these countries together held near 28% share of total imports. Indonesia (X tons), Nigeria (X tons), Taiwan (Chinese) (X tons), Poland (X tons), Turkey (X tons) and Cambodia (X tons) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of +8.6% from 2012 to 2021. At the same time, Cambodia (+115.7%), Nigeria (+63.5%), Indonesia (+37.0%) and Poland (+4.3%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in the world, with a CAGR of +115.7% from 2012-2021. By contrast, Vietnam (-3.3%), Turkey (-4.9%), China (-10.0%), Mexico (-12.8%) and Taiwan (Chinese) (-24.0%) illustrated a downward trend over the same period. Thailand (+30 p.p.), Indonesia (+4.3 p.p.), Nigeria (+4.2 p.p.), Vietnam (+2.4 p.p.), Cambodia (+1.8 p.p.) and Poland (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while China, Mexico and Taiwan (Chinese) saw its share reduced by -4.8%, -6.9% and -17.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported goat or kid hides and skins worldwide, comprising 16% of global imports. The second position in the ranking was held by China ($X), with a 3.4% share of global imports. It was followed by Vietnam, with a 3.2% share.

In Thailand, goat hides and skins imports increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-11.8% per year) and Vietnam (-8.2% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 14% against the previous year. Global import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.3%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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