Libya: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Libya

In 2022, the Libyan goat hides and skins market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Libya

In value terms, goat hides and skins production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a slight contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average yield of goat or kid hides and skins in Libya totaled X kg per head, almost unchanged from 2021 figures. Overall, the yield continues to indicate a slight setback. The most prominent rate of growth was recorded in 2016 with a decrease of X% against the previous year. Over the period under review, the average goat hides and skins yield attained the peak level at X kg per head in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for goat hides and skins production in Libya declined slightly to X heads in 2022, approximately equating the year before. Overall, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2013; however, from 2014 to 2022, producing animals stood at a somewhat lower figure.

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Exports of Goat Or Kid Hides And Skins

Exports from Libya

In 2022, shipments abroad of goat or kid hides and skins was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, faced a abrupt decline. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, goat hides and skins exports soared to $X in 2022. In general, exports, however, faced a abrupt curtailment. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for goat hides and skins exports from Libya, accounting for a X% share of total exports. Moreover, goat hides and skins exports to Turkey exceeded the volume sent to the second major destination, Tunisia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and Italy (X% per year).

In value terms, Turkey ($X) remains the key foreign market for goat or kid hides and skins exports from Libya, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the average goat hides and skins export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Tunisia ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Imports of Goat Or Kid Hides And Skins

Imports into Libya

In 2019, overseas purchases of goat or kid hides and skins decreased by X% to X kg for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports recorded a deep contraction. The smallest decline of X% was in 2017. Over the period under review, imports attained the maximum at X kg in 2016; however, from 2017 to 2019, imports failed to regain momentum.

In value terms, goat hides and skins imports totaled $X in 2019. In general, imports recorded strong growth. The smallest decline of X% was in 2017. Imports peaked in 2019 and are likely to see steady growth in the immediate term.

Imports by Country

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

From 2016 to 2019, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of goat or kid hides and skins to Libya.

From 2016 to 2019, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2019, therefore, remained relatively stable against the previous year. Over the period under review, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when the average import price decreased by X%. The import price peaked in 2019 and is likely to see steady growth in the near future.

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

From 2016 to 2019, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Platform

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