Kuwait: Overview of the Market for Goat Or Kid Hides And Skins 2021

Market Size for Goat Or Kid Hides And Skins in Kuwait

For the third year in a row, the Kuwaiti goat hides and skins market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, consumption continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Goat hides and skins consumption peaked in 2019 and is likely to see gradual growth in years to come.

Production of Goat Or Kid Hides And Skins in Kuwait

In value terms, goat hides and skins production fell sharply to $X in 2019 estimated in export prices. Over the period under review, production posted a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports from Kuwait

After two years of decline, shipments abroad of goat or kid hides and skins decreased by -X% to X tonnes in 2019. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2013 to 2019, the growth exports failed to regain the momentum.

In value terms, goat hides and skins exports declined dramatically to $X in 2019. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Pakistan (X tonnes) was the main destination for goat hides and skins exports from Kuwait, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Pakistan amounted to -X%.

In value terms, Pakistan ($X) also remains the key foreign market for goat hides and skins exports from Kuwait.

From 2007 to 2019, the average annual rate of growth in terms of value to Pakistan stood at +X%.

Export Prices by Country

In 2019, the average goat hides and skins export price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the export price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2018, and then fell sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Pakistan.

From 2007 to 2019, the rate of growth in terms of prices for Pakistan amounted to +X% per year.

Imports of Goat Or Kid Hides And Skins

Imports into Kuwait

In 2019, approx. X kg of goat or kid hides and skins were imported into Kuwait; remaining constant against 2018 figures. Overall, imports saw a sharp curtailment. Over the period under review, imports reached the peak figure at X kg in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports amounted to $X in 2019. Over the period under review, imports continue to indicate a dramatic shrinkage. Imports peaked at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Botswana (X kg) was the main goat hides and skins supplier to Kuwait, with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Botswana was relatively modest.

In value terms, Botswana ($X) constituted the largest supplier of goat hides and skins to Kuwait.

From 2007 to 2019, the average annual rate of growth in terms of value from Botswana was relatively modest.

Import Prices by Country

In 2019, the average goat hides and skins import price amounted to $X per tonne, leveling off at the previous year. Overall, the import price posted a measured expansion. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Botswana amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for goat or kid hides and skins in the world?

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The country with the largest volume of goat hides and skins consumption was China (484K tonnes), accounting for 39% of total volume. Moreover, goat hides and skins consumption in China exceeded the figures recorded by the second-largest consumer, India (91K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (86K tonnes), with a 6.9% share.

What are the largest producers of goat or kid hides and skins in the world?

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China (474K tonnes) remains the largest goat hides and skins producing country worldwide, accounting for 38% of total volume. Moreover, goat hides and skins production in China exceeded the figures recorded by the second-largest producer, India (91K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (85K tonnes), with a 6.8% share.

What are the leading suppliers of goat or kid hides and skins to Kuwait?

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In value terms, Botswana ($161) constituted the largest supplier of goat hides and skins to Kuwait.

What are the leading importers of goat or kid hides and skins from Kuwait?

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In value terms, Pakistan ($14K) remains the key foreign market for goat hides and skins exports from Kuwait.

What is the average export price for goat or kid hides and skins in Kuwait?

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In 2019, the average goat hides and skins export price amounted to $3,843 per tonne, waning by -26.9% against the previous year.

What is the average import price for goat or kid hides and skins in Kuwait?

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In 2019, the average goat hides and skins import price amounted to $6,363 per tonne, approximately reflecting the previous year.