Republic of Korea: Sheepskin And Lambskin Market 2022

Sheepskin And Lambskin Market Size in Republic of Korea

In 2020, the South Korean sheepskin and lambskin market increased by X% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption showed a significant expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2009 to 2020, the growth of the market remained at a lower figure.

Sheepskin And Lambskin Production in Republic of Korea

In value terms, sheepskin and lambskin production expanded notably to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Sheepskin and lambskin production peaked at $X in 2010; however, from 2011 to 2020, production stood at a somewhat lower figure.

In 2020, the average sheepskin and lambskin yield in South Korea surged to X kg per head, with an increase of X% on the previous year's figure. Over the period under review, the yield enjoyed a significant increase. The growth pace was the most rapid in 2010 when the yield increased by X% against the previous year. The sheepskin and lambskin yield peaked at X kg per head in 2017; however, from 2018 to 2020, the yield remained at a lower figure.

The number of animals slaughtered for sheepskin and lambskin production in South Korea reduced to X head in 2020, waning by -X% on the previous year's figure. Overall, the number of producing animals saw a deep slump. The most prominent rate of growth was recorded in 2008 when the number of producing animals increased by X% y-o-y. Over the period under review, this number hit record highs at X heads in 2010; however, from 2011 to 2020, producing animals remained at a lower figure.

Sheepskin And Lambskin Exports

Exports from Republic of Korea

In 2020, the amount of sheep or lamb skins (without wool) exported from South Korea reduced rapidly to X tonnes, which is down by -X% compared with the year before. Overall, exports showed a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, sheepskin and lambskin exports contracted significantly to $X in 2020. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Pakistan (X tonnes), Indonesia (X tonnes) and the U.S. (X tonnes) were the main destinations of sheepskin and lambskin exports from South Korea, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in the U.S., while shipments for the other leaders experienced mixed trend patterns.

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

From 2007 to 2020, the average annual growth rate of value to Indonesia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Pakistan (-X% per year).

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, the export price continues to indicate a temperate increase. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. The export price peaked at $X per tonne in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Sheepskin And Lambskin Imports

Imports into Republic of Korea

In 2020, purchases abroad of sheep or lamb skins (without wool) decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2008; however, from 2009 to 2020, imports remained at a lower figure.

In value terms, sheepskin and lambskin imports fell markedly to $X in 2020. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Australia (X tonnes) was the main supplier of sheepskin and lambskin to South Korea, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Australia stood at -X%.

In value terms, Australia ($X) constituted the largest supplier of sheepskin and lambskin to South Korea.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia stood at -X%.

Import Prices by Country

In 2020, the average sheepskin and lambskin import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price, however, recorded tangible growth. The growth pace was the most rapid in 2015 an increase of X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2007 to 2020, the rate of growth in terms of prices for Australia amounted to +X% per year.

Source: IndexBox Platform