ECOWAS: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in ECOWAS

The ECOWAS sheepskin and lambskin market totaled $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in ECOWAS

In value terms, sheepskin and lambskin production rose markedly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Nigeria (X tons) remains the largest sheepskin and lambskin producing country in ECOWAS, comprising approx. X% of total volume. Moreover, sheepskin and lambskin production in Nigeria exceeded the figures recorded by the second-largest producer, Senegal (X tons), threefold. The third position in this ranking was taken by Burkina Faso (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Burkina Faso (X% per year).

The average sheepskin and lambskin yield shrank to X kg per head in 2022, standing approx. at 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield remained at a lower figure.

The global number of animals slaughtered for sheepskin and lambskin production shrank to X heads in 2022, remaining stable against the year before. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, this number hit record highs at X heads in 2021, and then dropped modestly in the following year.

Sheepskin And Lambskin Exports

Exports in ECOWAS

In 2022, overseas shipments of sheep or lamb skins (without wool) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, sheepskin and lambskin exports shrank to $X in 2022. In general, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal was the key exporting country with an export of about X tons, which finished at X% of total exports. Niger (X tons) ranks second in terms of the total exports with a X% share, followed by Burkina Faso (X%), Nigeria (X%) and Togo (X%). Mali (X tons) followed a long way behind the leaders.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Niger experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%), Nigeria (X%) and Mali (X%) illustrated a downward trend over the same period. While the share of Niger (X p.p.), Togo (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) and Mali (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Senegal ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Nigeria, with a CAGR of X%, saw 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

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Sheepskin And Lambskin Imports

Imports in ECOWAS

In 2022, the amount of sheep or lamb skins (without wool) imported in ECOWAS contracted significantly to X tons, dropping by X% on 2021. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin imports declined significantly to $X in 2022. Overall, imports saw a mild slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Senegal (X tons), Cote d'Ivoire (X tons) and Nigeria (X tons) represented roughly X% of total imports in 2022. Gambia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Togo (X%).

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Nigeria ($X) and Togo ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Togo, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price faced a deep slump. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Togo ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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