Malaysia: Sheepskin And Lambskin Market 2022

Sheepskin And Lambskin Market Size in Malaysia

The Malaysian sheepskin and lambskin market reduced to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Sheepskin And Lambskin Production in Malaysia

In value terms, sheepskin and lambskin production dropped to $X in 2021 estimated in export price. Over the period under review, production posted a modest increase. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

The average yield of sheep or lamb skins (without wool) in Malaysia reduced to X kg per head in 2021, which is down by -X% compared with 2020. In general, the yield recorded a relatively flat trend pattern. Over the period under review, the average sheepskin and lambskin yield reached the maximum level at X kg per head in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for sheepskin and lambskin production in Malaysia totaled X heads, growing by X% on 2020. In general, the total number of producing animals indicated buoyant growth from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for sheepskin and lambskin production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The number of animals slaughtered for sheepskin and lambskin production peaked in 2021 and is likely to see gradual growth in years to come.

Sheepskin And Lambskin Exports

Exports from Malaysia

In 2021, approx. X tons of sheep or lamb skins (without wool) were exported from Malaysia; falling by -X% against the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, sheepskin and lambskin exports fell sharply to $X in 2021. Over the period under review, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) and Vietnam (X tons) were the main destinations of sheepskin and lambskin exports from Malaysia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +X value terms, Vietnam ($X) remains the key foreign market for sheepskin and lambskin exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled -X%.

Export Prices by Country

In 2021, the average sheepskin and lambskin export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+X%).

Sheepskin And Lambskin Imports

Imports into Malaysia

Sheepskin and lambskin imports into Malaysia fell sharply to X kg in 2021, which is down by -X% on the previous year. Over the period under review, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sheepskin and lambskin imports declined remarkably to $X in 2021. Overall, imports, however, continue to indicate moderate growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Australia (X kg) was the main supplier of sheepskin and lambskin to Malaysia, with a X% share of total imports. Moreover, sheepskin and lambskin imports from Australia exceeded the figures recorded by the second-largest supplier, Indonesia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at -X%.

In value terms, Australia ($X) constituted the largest supplier of sheepskin and lambskin to Malaysia, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Australia amounted to +X%.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheepskin and lambskin import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per ton), while the price for Indonesia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%).

Source: IndexBox Platform