Puerto Rico: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Puerto Rico

The Puerto Rican sheepskin and lambskin market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption recorded a pronounced descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Sheepskin And Lambskin Production in Puerto Rico

In value terms, sheepskin and lambskin production rose to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 7.9%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

In 2021, the average sheepskin and lambskin yield in Puerto Rico amounted to X kg per head, approximately reflecting 2020. Overall, the yield showed a relatively flat trend pattern. Over the period under review, the sheepskin and lambskin yield hit record highs in 2021 and is likely to see gradual growth in the near future.

The number of animals slaughtered for sheepskin and lambskin production in Puerto Rico reduced modestly to X heads in 2021, therefore, remained relatively stable against 2020 figures. In general, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 1.8%. The global producing animals peaked at X heads in 2016; afterwards, it flattened through to 2021.

Sheepskin And Lambskin Exports

Exports from Puerto Rico

In value terms, sheepskin and lambskin exports amounted to less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, Australia (X tons) represented the main exporter of sheep or lamb skins (without wool), generating 52% of total exports. The UK (X tons) took the second position in the ranking, distantly followed by South Africa (X tons) and New Zealand (X tons). All these countries together held approx. 22% share of total exports. Ireland (X tons), Spain (X tons), France (X tons), Italy (X tons) and Greece (X tons) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of +1.2% from 2012 to 2021. At the same time, South Africa (+1.3%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in the world, with a CAGR of +1.3% from 2012-2021. Italy experienced a relatively flat trend pattern. By contrast, Ireland (-2.1%), the UK (-2.7%), Greece (-3.2%), France (-3.6%), New Zealand (-11.3%) and Spain (-17.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia and South Africa increased by +17 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest sheepskin and lambskin supplier from Puerto Rico, comprising 42% of global exports. The second position in the ranking was taken by Spain ($X), with a 9.9% share of global exports. It was followed by South Africa, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled -6.8%. In the other countries, the average annual rates were as follows: Spain (-11.2% per year) and South Africa (-8.5% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. Overall, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.2%), while the other leaders experienced a decline in the export price figures.

Sheepskin And Lambskin Imports

Imports into Puerto Rico

In value terms, sheepskin and lambskin imports stood at less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

China represented the main importing country with an import of around X tons, which finished at 70% of total imports. It was distantly followed by Turkey (X tons), comprising a 14% share of total imports. Italy (X tons), Spain (X tons), Russia (X tons) and Pakistan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the sheep or lamb skins (without wool) imports, with a CAGR of -2.0% from 2012 to 2021. Spain (-2.4%), Turkey (-4.7%), Italy (-5.2%), Pakistan (-9.4%) and Russia (-17.0%) illustrated a downward trend over the same period. While the share of China (+7.4 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Turkey (-2.2 p.p.) and Russia (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sheep or lamb skins (without wool) into Puerto Rico, comprising 49% of global imports. The second position in the ranking was held by Italy ($X), with a 12% share of global imports. It was followed by Turkey, with a 12% share.

In China, sheepskin and lambskin imports decreased by an average annual rate of -12.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Italy (-10.1% per year) and Turkey (-18.8% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. In general, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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