India: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in India

The Indian goat hides and skins market shrank slightly to $X in 2023, flattening at the previous year. Over the period under review, consumption saw a mild descent. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Production of Goat Or Kid Hides And Skins in India

In value terms, goat hides and skins production declined to $X in 2023 estimated in export price. Overall, production recorded a mild slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

The average yield of goat or kid hides and skins in India was estimated at X kg per head in 2023, approximately reflecting 2022 figures. In general, the yield showed a relatively flat trend pattern. Over the period under review, the average goat hides and skins yield hit record highs in 2023 and is expected to retain growth in the near future.

In 2023, number of animals slaughtered for goat hides and skins production in India contracted slightly to X heads, almost unchanged from 2022 figures. Over the period under review, the number of producing animals, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2020; however, from 2021 to 2023, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from India

In 2023, shipments abroad of goat or kid hides and skins increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a notable expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports rose remarkably to $X in 2023. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X kg) was the main destination for goat hides and skins exports from India, with a X% share of total exports. Moreover, goat hides and skins exports to Denmark exceeded the volume sent to the second major destination, Indonesia (X kg), threefold. Nepal (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Nepal (X% per year).

In value terms, Nepal ($X) remains the key foreign market for goat or kid hides and skins exports from India, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Denmark, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Nepal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Denmark (X% per year).

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into India

In 2023, purchases abroad of goat or kid hides and skins increased by X% to X tons, rising for the fifth year in a row after four years of decline. Overall, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports skyrocketed to $X in 2023. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Bangladesh (X tons), Kenya (X tons) and New Zealand (X tons) were the main suppliers of goat hides and skins imports to India, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constituted the largest supplier of goat or kid hides and skins to India, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Bangladesh stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Australia (X% per year).

Import Prices by Country

In 2023, the average goat hides and skins import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform