Philippines: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in the Philippines

In 2022, after two years of growth, there was significant decline in the Philippine sheepskin and lambskin market, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a temperate increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sheepskin And Lambskin Production in the Philippines

In value terms, sheepskin and lambskin production fell to $X in 2022 estimated in export price. In general, production showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Sheepskin and lambskin production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average sheepskin and lambskin yield in the Philippines amounted to X kg per head, remaining relatively unchanged against 2021. Overall, the yield showed a relatively flat trend pattern. Over the period under review, the average sheepskin and lambskin yield hit record highs in 2022 and is likely to see steady growth in the near future.

In 2022, number of animals slaughtered for sheepskin and lambskin production in the Philippines stood at X heads, remaining constant against the previous year. Over the period under review, the number of producing animals, however, recorded a relatively flat trend pattern. Over the period under review, this number attained the peak level at X heads in 2013; afterwards, it flattened through to 2022.

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Sheepskin And Lambskin Exports

Exports from the Philippines

In 2022, overseas shipments of sheep or lamb skins (without wool) increased by X% to X kg, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports surged to $X in 2022. In general, exports saw a resilient expansion. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark (X kg) was the main destination for sheepskin and lambskin exports from the Philippines, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Denmark was relatively modest.

From 2013 to 2022, the average annual growth rate of value to Denmark was relatively modest.

Export Prices by Country

In 2022, the average sheepskin and lambskin export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded significant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Denmark.

From 2013 to 2022, the rate of growth in terms of prices for Denmark amounted to X% per year.

Sheepskin And Lambskin Imports

Imports into the Philippines

In 2022, overseas purchases of sheep or lamb skins (without wool) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin imports shrank significantly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest sheepskin and lambskin supplier to the Philippines, with a X% share of total imports. Moreover, sheepskin and lambskin imports from South Korea exceeded the figures recorded by the second-largest supplier, Italy (X kg), more than tenfold. Japan (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Japan (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of sheep or lamb skins (without wool) to the Philippines, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average sheepskin and lambskin import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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