Philippines: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in the Philippines

In 2023, after two years of growth, there was decline in the Philippine goat hides and skins market, when its value decreased by X% to $X. Over the period under review, consumption showed a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in the Philippines

In value terms, goat hides and skins production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production enjoyed a prominent increase. The growth pace was the most rapid in 2013 when the production volume increased by X%. Goat hides and skins production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

In 2023, the average yield of goat or kid hides and skins in the Philippines stood at X kg per head, remaining stable against the previous year's figure. Overall, the yield recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the yield attained the peak level of X kg per head. From 2014 to 2023, the growth of the average goat hides and skins yield failed to regain momentum.

In 2023, number of animals slaughtered for goat hides and skins production in the Philippines totaled X heads, leveling off at 2022. In general, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2018; however, from 2019 to 2023, producing animals stood at a somewhat lower figure.

Exports of Goat Or Kid Hides And Skins

Exports from the Philippines

In 2019, exports of goat or kid hides and skins from the Philippines surged to X tons, jumping by X% on the previous year's figure. Over the period under review, exports, however, recorded a perceptible setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2019, the growth of the exports remained at a lower figure.

In value terms, goat hides and skins exports contracted to $X in 2019. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Cambodia (X tons) was the main destination for goat hides and skins exports from the Philippines, accounting for a X% share of total exports. It was followed by Singapore (X tons), with a X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Cambodia was relatively modest.

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

From 2012 to 2019, the average annual growth rate of value to Singapore totaled X%.

Export Prices by Country

In 2019, the average goat hides and skins export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2019, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Cambodia stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (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 the Philippines

In 2023, purchases abroad of goat or kid hides and skins decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then fell significantly in the following year.

In value terms, goat hides and skins imports dropped significantly to $X in 2023. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Taiwan (Chinese) (X tons) constituted the largest supplier of goat hides and skins to the Philippines, with a X% share of total imports. Moreover, goat hides and skins imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at X%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of goat or kid hides and skins to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Taiwan (Chinese) amounted to X%.

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) amounted to $X per ton.

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

Source: IndexBox Platform