Latin America and the Caribbean: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Latin America and the Caribbean

In 2023, the Latin American goat hides and skins market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2012; afterwards, it flattened through to 2023.

Production of Goat Or Kid Hides And Skins in Latin America and the Caribbean

In value terms, goat hides and skins production expanded notably to $X in 2023 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), with a combined X% share of total production. Bolivia, Colombia, Cuba, Peru, Chile, Venezuela, Haiti and Honduras lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Cuba (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average goat hides and skins yield dropped to X kg per head in 2023, remaining relatively unchanged against the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced 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; afterwards, it flattened through to 2023.

In 2023, approx. X heads of animals slaughtered for goat hides and skins production in Latin America and the Caribbean; almost unchanged from the previous year's figure. Over the period under review, the number of producing animals, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2020; however, from 2021 to 2023, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports in Latin America and the Caribbean

In 2023, approx. X tons of goat or kid hides and skins were exported in Latin America and the Caribbean; with a decrease of X% compared with the previous year. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, goat hides and skins exports rose significantly to $X in 2023. Over the period under review, exports recorded a pronounced slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Colombia (X tons), distantly followed by Honduras (X tons), Venezuela (X tons), Costa Rica (X tons), Ecuador (X tons) and Brazil (X tons) were the key exporters of goat or kid hides and skins, together generating X% of total exports. The Dominican Republic (X tons) held a little share of total exports.

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

In value terms, Colombia ($X) remains the largest goat hides and skins supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

In Colombia, goat hides and skins exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Honduras (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the other leaders experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports in Latin America and the Caribbean

In 2023, the amount of goat or kid hides and skins imported in Latin America and the Caribbean dropped dramatically to X tons, reducing by X% against the previous year. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, goat hides and skins imports contracted dramatically to $X in 2023. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Trinidad and Tobago was the main importing country with an import of around X tons, which recorded X% of total imports. Haiti (X tons) held the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held near X% share of total imports.

Trinidad and Tobago was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of X% from 2012 to 2023. Brazil (X%) and Haiti (X%) illustrated a downward trend over the same period. While the share of Trinidad and Tobago (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Trinidad and Tobago ($X), Brazil ($X) and Haiti ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Trinidad and Tobago, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the import price posted a modest increase. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform