GCC: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in GCC

The GCC sheepskin and lambskin market shrank modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in GCC

In value terms, sheepskin and lambskin production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Saudi Arabia (X tons), Kuwait (X tons) and Bahrain (X tons), with a combined X% share of total production. The United Arab Emirates and Oman lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Oman (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average sheepskin and lambskin yield declined modestly to X kg per head in 2022, reducing by X% against 2021 figures. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2019 to 2022, the growth of the sheepskin and lambskin yield remained at a lower figure.

The global number of animals slaughtered for sheepskin and lambskin production reached X heads in 2022, remaining constant against the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, this number attained the peak level at X heads in 2017; however, from 2018 to 2022, producing animals failed to regain momentum.

Sheepskin And Lambskin Exports

Exports in GCC

In 2022, shipments abroad of sheep or lamb skins (without wool) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports contracted to $X in 2022. Overall, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kuwait (X tons) and the United Arab Emirates (X tons) were the main exporters of sheep or lamb skins (without wool) in GCC, together making up X% of total exports. Bahrain (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%) and Oman (X%).

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Sheepskin And Lambskin Imports

Imports in GCC

In 2022, imports of sheep or lamb skins (without wool) in GCC fell remarkably to X tons, waning by X% on 2021 figures. In general, imports saw a dramatic slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sheepskin and lambskin imports contracted significantly to $X in 2022. Overall, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of around X tons, which finished at X% of total imports. Saudi Arabia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%). Oman (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sheep or lamb skins (without wool) in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, sheepskin and lambskin imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then fell remarkably in the following year.

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

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

Source: IndexBox Platform

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