Malaysia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Malaysia

The Malaysian goat hides and skins market surged to $X in 2023, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Malaysia

In value terms, goat hides and skins production expanded remarkably to $X in 2023 estimated in export price. In general, production showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

In 2023, the average goat hides and skins yield in Malaysia was estimated at X kg per head, remaining constant against the year before. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the average goat hides and skins yield attained the maximum level in 2023 and is expected to retain growth in the immediate term.

In 2023, approx. X heads of animals slaughtered for goat hides and skins production in Malaysia; falling by X% compared with 2022 figures. Over the period under review, the number of producing animals showed a deep contraction. The pace of growth was the most pronounced in 2018 when the number of producing animals increased by X%. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2012; however, from 2013 to 2023, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from Malaysia

In 2023, the amount of goat or kid hides and skins exported from Malaysia reduced notably to X tons, which is down by X% against the year before. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, goat hides and skins exports contracted rapidly to $X in 2023. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Indonesia (X tons) and Singapore (X tons) were the main destinations of goat hides and skins exports from Malaysia, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Singapore ($X) emerged as the key foreign market for goat or kid hides and skins exports from Malaysia, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

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

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Indonesia ($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 Spain (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 Malaysia

Goat hides and skins imports into Malaysia shrank to X kg in 2023, falling by X% against the previous year. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, goat hides and skins imports reduced to $X in 2023. Over the period under review, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

The United States (X kg), Indonesia (X kg) and Romania (X kg) were the main suppliers of goat hides and skins imports to Malaysia.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of goat or kid hides and skins to Malaysia, comprising X% of total imports. The second position in the ranking was held by Romania ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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 Romania ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform