Ethiopia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Ethiopia

The Ethiopian goat hides and skins market expanded slightly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Ethiopia

In value terms, goat hides and skins production expanded notably to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of goat or kid hides and skins in Ethiopia declined modestly to X kg per head in 2022, shrinking by X% compared with the previous year. Over the period under review, the yield, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head, and then dropped in the following year.

In 2022, the number of animals slaughtered for goat hides and skins production in Ethiopia totaled X heads, with an increase of X% compared with the year before. Over the period under review, the number of producing animals continues to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X%. Over the period under review, this number attained the maximum level at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

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Exports of Goat Or Kid Hides And Skins

Exports from Ethiopia

Goat hides and skins exports from Ethiopia skyrocketed to X tons in 2022, growing by X% compared with the previous year. In general, exports saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, goat hides and skins exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Hong Kong SAR (X tons) and Nigeria (X tons) were the main destinations of goat hides and skins exports from Ethiopia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for goat or kid hides and skins exports from Ethiopia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the average goat hides and skins export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%).

Imports of Goat Or Kid Hides And Skins

Imports into Ethiopia

In 2022, overseas purchases of goat or kid hides and skins increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports amounted to $X in 2022. In general, imports continue to indicate notable growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of goat hides and skins to Ethiopia, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of goat or kid hides and skins to Ethiopia.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

In 2022, the average goat hides and skins import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform

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