Nigeria - Sheepskin and Lambskin - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Nigeria - Sheepskin and Lambskin - Market Analysis, Forecast, Size, Trends and Insights

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Sheepskin and Lambskin Price in Nigeria - 2022

Contents:

  1. Sheepskin and Lambskin Price in Nigeria (CIF) - 2022
  2. Sheepskin and Lambskin Price in Nigeria (FOB) - 2022
  3. Sheepskin and Lambskin Imports in Nigeria
  4. Sheepskin and Lambskin Exports in Nigeria

Sheepskin and Lambskin Price in Nigeria (CIF) - 2022

In 2022, the average sheepskin and lambskin import price amounted to $477 per ton, which is down by -52.6% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2013 an increase of 3,118% against the previous year. As a result, import price reached the peak level of $40,169 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($10,577 per ton), while the price for Mali ($150 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+1.2%), while the prices for the other major suppliers experienced a decline.

Sheepskin and Lambskin Price in Nigeria (FOB) - 2022

In 2022, the average sheepskin and lambskin export price amounted to $6,993 per ton, with an increase of 2.6% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 197%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($9,138 per ton), while the average price for exports to India totaled $6,580 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Sheepskin and Lambskin Imports in Nigeria

In 2022, supplies from abroad of sheep or lamb skins (without wool) decreased by -81% to 131 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 3,040%. As a result, imports attained the peak of 1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sheepskin and lambskin imports fell sharply to $63K in 2022. Overall, imports, however, recorded mild growth. The pace of growth was the most pronounced in 2020 with an increase of 1,297% against the previous year. As a result, imports reached the peak of $848K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Sheepskin and Lambskin in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
JordanN/A0.5N/A14.0429.2%
NetherlandsN/A2.616.011.0105.7%
Sudan4.137.639.310.938.5%
Spain18.210.414.16.5-29.1%
Ethiopia1.21.11.01.1-2.9%
Mali0.22.52.40.535.7%
CongoN/A8.6N/AN/A0%
CanadaN/A474172N/A-63.7%
Others36.931145118.8-20.1%
Total60.784869662.71.1%

Top Suppliers of Sheepskin and Lambskin to Nigeria in 2022:

  1. Jordan (20.8 tons)
  2. Sudan (8.5 tons)
  3. Mali (3.6 tons)
  4. Netherlands (1.9 tons)
  5. Ethiopia (1.5 tons)
  6. Spain (0.6 tons)

Sheepskin and Lambskin Exports in Nigeria

In 2022, overseas shipments of sheep or lamb skins (without wool) decreased by -31.9% to 147 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 150%. As a result, the exports reached the peak of 216 tons, and then shrank dramatically in the following year.

In value terms, sheepskin and lambskin exports fell dramatically to $1M in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 153% against the previous year. As a result, the exports reached the peak of $1.5M, and then contracted sharply in the following year.

Export of Sheepskin and Lambskin in Nigeria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3115261,12479736.8%
Italy10557.318916716.7%
Others0.40.216165.1446.0%
Total4175841,4741,02935.1%

Top Export Markets for Sheepskin and Lambskin from Nigeria in 2022:

  1. India (121.1 tons)
  2. Italy (18.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sheepskin and lambskin market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 995 - Sheepskins, fresh
  • FCL 996 - Skins, Wet-Salted (Sheep)
  • FCL 997 - Skins, Dry-Salted (Sheep)
  • FCL 998 - Skins nes, Sheep
  • FCL 999 - Skins with Wool, Sheep

Country coverage:

  • Nigeria

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Nigeria
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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In value terms, tanned and crust skins of sheep and lambs without wool imports amounted to $X in 2016. Overall, tanned and crust skins of sheep and lambs without wool imports continue to indicate a...

Which Country Exports the Most Raw Skins of Sheep and Lambs in the World?
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In value terms, raw skins of sheep and lambs exports totaled $X in 2016. Overall, raw skins of sheep and lambs exports continue to indicate a abrupt decrease. Over the period under review, global r...

Which Country Exports the Most Tanned and Crust Skins of Sheep and Lambs Without Wool in the World?
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In value terms, tanned and crust skins of sheep and lambs without wool exports amounted to $X in 2016. Overall, tanned and crust skins of sheep and lambs without wool exports continue to indicate a...

Which Country Exports the Most Sheepskins and Lambskins (With Wool) in the World?
Feb 1, 2018
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Global sheepskin and lambskin (with wool) exports amounted to X thousand tons in 2015, growing by +X% against the previous year level.

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Australia dominates in the global trade of sheep or lamb skins with wool. In 2014, Australia exported X thousand tons of sheep or lamb skins with wool totaling X million USD, X% under the previous year. Its primary trading partner was China, whe

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Eye 927

New Zealand continued its dominance in the global trade of sheep or lamb skins (without wool). In 2014, New Zealand exported X tons of sheep or lamb skins (without wool) totaling X million USD, X% under the previous year. Its primary trading partn

Free Data: Sheepskin and Lambskin - Nigeria