Goat Hides And Skins Market

The global market for goat hides and skins is expected to see growth in both volume and value over the period from 2022 to 2030. China is the largest consumer and producer of goat hides and skins, while countries like Chad and Nigeria are major players in terms of market value. Import and export trends show fluctuations in volume and prices, with different countries specializing in various types of hides and skins. Overall, the market is forecasted to continue on an upward trend in the coming years.

Market Forecast

Driven by increasing demand for goat or kid hides and skins worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.7M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.9% for the period from 2022 to 2030, which is projected to bring the market value to $13.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Goat Hides And Skins

In 2022, the amount of goat or kid hides and skins consumed worldwide totaled 1.4M tons, approximately reflecting the previous year's figure. The total consumption volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when the consumption volume increased by 5.8%. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global goat hides and skins market size stood at $9.6B in 2022, increasing by 1.7% 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). The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the global market reached the maximum level in 2022 and is expected to retain growth in the near future.

Consumption By Country

China (502K tons) remains the largest goat hides and skins consuming country worldwide, accounting for 35% of total volume. Moreover, goat hides and skins consumption in China exceeded the figures recorded by the second-largest consumer, Pakistan (128K tons), fourfold. India (100K tons) ranked third in terms of total consumption with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +1.6%. The remaining consuming countries recorded the following average annual rates of consumption growth: Pakistan (+2.6% per year) and India (+0.7% per year).

In value terms, Chad ($3.6B) led the market, alone. The second position in the ranking was held by China ($1.3B). It was followed by Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value in Chad stood at +5.9%. The remaining consuming countries recorded the following average annual rates of market growth: China (-0.5% per year) and Bangladesh (+5.2% per year).

In 2022, the highest levels of goat hides and skins per capita consumption was registered in Mongolia (9.8 kg per person), followed by Chad (1.6 kg per person), Thailand (0.9 kg per person) and Pakistan (0.6 kg per person), while the world average per capita consumption of goat hides and skins was estimated at 0.2 kg per person.

From 2012 to 2022, the average annual rate of growth in terms of the goat hides and skins per capita consumption in Mongolia amounted to +6.1%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Chad (+2.6% per year) and Thailand (+7.5% per year).

Production

World Production of Goat Hides And Skins

In 2022, the amount of goat or kid hides and skins produced worldwide stood at 1.5M tons, approximately mirroring the year before. The total output volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of 2.9% against the previous year. Over the period under review, global production hit record highs in 2022 and is expected to retain growth in years to come. The general positive trend in terms output was largely conditioned by modest growth of the number of producing animals and a relatively flat trend pattern in yield figures.

In value terms, goat hides and skins production dropped markedly to $11.3B in 2022 estimated in export price. Overall, production recorded measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, production reached the peak level of $13.7B, and then contracted sharply in the following year.

Production By Country

China (498K tons) constituted the country with the largest volume of goat hides and skins production, accounting for 34% of total volume. Moreover, goat hides and skins production in China exceeded the figures recorded by the second-largest producer, Pakistan (127K tons), fourfold. The third position in this ranking was held by Japan (107K tons), with a 7.2% share.

In China, goat hides and skins production increased at an average annual rate of +2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+2.8% per year) and Japan (+0.1% per year).

Yield

The global average goat hides and skins yield amounted to 2.9 kg per head in 2022, remaining relatively unchanged against the year before. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 3.3% against the previous year. The global yield peaked at 3.1 kg per head in 2012; however, from 2013 to 2022, the yield failed to regain momentum.

Producing Animals

In 2022, approx. 504M heads of animals slaughtered for goat hides and skins production worldwide; remaining relatively unchanged against the previous year. This number increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by 6.2% against the previous year. The global producing animals peaked at 506M heads in 2021, and then declined slightly in the following year.

Imports

World Imports of Goat Hides And Skins

In 2022, the amount of goat or kid hides and skins imported worldwide contracted to 134K tons, declining by -6.6% against the previous year's figure. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. Global imports peaked at 248K tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, goat hides and skins imports rose rapidly to $463M in 2022. In general, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2013 when imports increased by 14%. Global imports peaked at $743M in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, Thailand (60K tons) represented the main importer of goat or kid hides and skins, comprising 44% of total imports. Germany (13K tons) ranks second in terms of the total imports with a 10% share, followed by Vietnam (8.8%), Nigeria (6.5%), Indonesia (5.6%) and Taiwan (Chinese) (4.5%). Turkey (4.3K tons), China (4.2K tons), Poland (2.7K tons) and Italy (2.1K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to goat hides and skins imports into Thailand stood at +7.7%. At the same time, Nigeria (+64.9%), Germany (+39.8%) and Indonesia (+31.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +64.9% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Italy (-1.3%), Turkey (-2.8%), Vietnam (-2.8%), China (-18.2%) and Taiwan (Chinese) (-18.6%) illustrated a downward trend over the same period. While the share of Thailand (+32 p.p.), Germany (+9.8 p.p.), Nigeria (+6.5 p.p.), Indonesia (+5.4 p.p.) and Vietnam (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of China (-10.1 p.p.) and Taiwan (Chinese) (-15.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest goat hides and skins importing markets worldwide were Italy ($93M), Germany ($51M) and Thailand ($48M), with a combined 42% share of global imports. Nigeria, Vietnam, Indonesia, China, Taiwan (Chinese), Turkey and Poland lagged somewhat behind, together accounting for a further 12%.

In terms of the main importing countries, Nigeria, with a CAGR of +74.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, hides and skins; raw, of swine, (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split (84K tons) represented the key type of goat or kid hides and skins, committing 63% of total imports. It was distantly followed by goat or kid hides and skins (48K tons), creating a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split (with a CAGR of +0.9%), while purchases for the other products experienced a decline in the imports figures.

In value terms, hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split ($267M) constitutes the largest type of goat or kid hides and skins imported worldwide, comprising 58% of global imports. The second position in the ranking was held by goat or kid hides and skins ($132M), with a 29% share of global imports.

From 2012 to 2022, the average annual rate of growth in terms of the value of hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split imports amounted to +2.2%. With regard to the other imported products, the following average annual rates of growth were recorded: goat or kid hides and skins (-4.9% per year) and hides and skins; raw, of swine, (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split (-11.3% per year).

Import Prices By Type

The average goat hides and skins import price stood at $3,444 per ton in 2022, growing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. Global import price peaked at $3,989 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split ($149,761 per ton), while the price for hides and skins; raw, of swine, (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split ($749 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split (+1.3%), while the other products experienced a decline in the import price figures.

Import Prices By Country

In 2022, the average goat hides and skins import price amounted to $3,444 per ton, increasing by 21% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. Over the period under review, average import prices attained the maximum at $3,989 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($43,552 per ton), while Vietnam ($724 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Goat Hides And Skins

In 2022, global goat hides and skins exports dropped to 164K tons, shrinking by -1.9% compared with the previous year's figure. Overall, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 6.8% against the previous year. The global exports peaked at 219K tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, goat hides and skins exports rose markedly to $434M in 2022. Over the period under review, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when exports increased by 26%. As a result, the exports attained the peak of $853M. From 2014 to 2022, the growth of the global exports remained at a lower figure.

Exports By Country

Japan represented the largest exporting country with an export of about 65K tons, which finished at 39% of total exports. It was distantly followed by the United States (36K tons) and Germany (10K tons), together constituting a 28% share of total exports. Spain (7.3K tons), Poland (5.2K tons), Cyprus (4.5K tons), Vietnam (4K tons), Greece (3.8K tons) and New Zealand (3K tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +46.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($158M) remains the largest goat hides and skins supplier worldwide, comprising 36% of global exports. The second position in the ranking was taken by Germany ($46M), with an 11% share of global exports. It was followed by Japan, with a 10% share.

In the United States, goat hides and skins exports increased at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+7.8% per year) and Japan (-10.9% per year).

Exports By Type

Hides and skins; raw, of swine, (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split was the largest type of goat or kid hides and skins in the world, with the volume of exports reaching 112K tons, which was approx. 68% of total exports in 2022. It was distantly followed by goat or kid hides and skins (51K tons), making up a 31% share of total exports.

Exports of hides and skins; raw, of swine, (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split decreased at an average annual rate of -2.5% from 2012 to 2022. goat or kid hides and skins (-2.2%) illustrated a downward trend over the same period. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split ($229M), goat or kid hides and skins ($118M) and hides and skins; raw, of swine, (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split ($85M) constituted the products with the highest levels of exports in 2022.

Hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split, with a CAGR of +0.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exported products over the period under review, while shipments for the other products experienced a decline in the exports figures.

Export Prices By Type

In 2022, the average goat hides and skins export price amounted to $2,641 per ton, picking up by 8.4% against the previous year. Overall, the export price, however, recorded a slight descent. The growth pace was the most rapid in 2013 when the average export price increased by 25%. As a result, the export price attained the peak level of $3,999 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split ($145,782 per ton), while the average price for exports of hides and skins; raw, of swine, (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split ($753 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by hides and skins; raw, of reptiles (fresh or salted, dried, limed, pickled or otherwise preserved, but not tanned, parchment-dressed or further prepared), whether or not dehaired or split (+5.3%), while the other products experienced a decline in the export price figures.

Export Prices By Country

The average goat hides and skins export price stood at $2,641 per ton in 2022, increasing by 8.4% against the previous year. In general, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 25% against the previous year. As a result, the export price attained the peak level of $3,999 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($10,624 per ton), while Japan ($687 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform