Republic of Korea: Sheepskin And Lambskin Market 2022

Sheepskin And Lambskin Market Size in Republic of Korea

In 2021, the South Korean sheepskin and lambskin market increased by X% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption saw a buoyant expansion. Sheepskin and lambskin consumption peaked in 2021 and is likely to continue growth in the near future.

Sheepskin And Lambskin Production in Republic of Korea

In value terms, sheepskin and lambskin production shrank modestly to $X in 2021 estimated in export price. In general, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

In 2021, the average sheepskin and lambskin yield in South Korea rose rapidly to X kg per head, increasing by X% against 2020 figures. Over the period under review, the yield continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The sheepskin and lambskin yield peaked at X kg per head in 2017; however, from 2018 to 2021, the yield remained at a lower figure.

In 2021, number of animals slaughtered for sheepskin and lambskin production in South Korea declined to X head, waning by -X% against the previous year's figure. In general, the number of producing animals recorded a deep downturn. The pace of growth was the most pronounced in 2015 when the number of producing animals increased by X%. As a result, the number of animals produced attained the peak level of X head. From 2016 to 2021, the growth of this number failed to regain momentum.

Sheepskin And Lambskin Exports

Exports from Republic of Korea

In 2021, shipments abroad of sheep or lamb skins (without wool) was finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, sheepskin and lambskin exports soared to $X in 2021. Over the period under review, exports, however, faced a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Pakistan (X tons) and the United States (X tons) were the main destinations of sheepskin and lambskin exports from South Korea, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) remains the key foreign market for sheepskin and lambskin exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and the Philippines (-X% per year).

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced a decline.

Sheepskin And Lambskin Imports

Imports into Republic of Korea

Sheepskin and lambskin imports into South Korea skyrocketed to X tons in 2021, jumping by X% against the previous year. Overall, imports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sheepskin and lambskin imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) was the main sheepskin and lambskin supplier to South Korea, with a X% share of total imports. It was followed by Turkey (X kg), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia was relatively modest.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Australia totaled -X%.

Import Prices by Country

The average sheepskin and lambskin import price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for Australia amounted to $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