Singapore: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Singapore

In 2022, the Singaporean goat hides and skins market decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a significant contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in Singapore

In value terms, goat hides and skins production rose sharply to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of goat or kid hides and skins in Singapore contracted rapidly to X kg per X heads in 2022, waning by X% compared with the year before. Over the period under review, the yield, however, enjoyed noticeable growth. 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 2022, the growth of the average goat hides and skins yield failed to regain momentum.

In 2022, approx. X head of animals slaughtered for goat hides and skins production in Singapore; stabilizing at 2021 figures. Over the period under review, the number of producing animals, however, showed a deep slump. The pace of growth was the most pronounced in 2017 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

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Exports of Goat Or Kid Hides And Skins

Exports from Singapore

Goat hides and skins exports from Singapore declined significantly to X tons in 2022, with a decrease of X% against the previous year. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, goat hides and skins exports reached $X in 2022. Over the period under review, exports faced a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for goat hides and skins exports from Singapore, accounting for a X% share of total exports. Moreover, goat hides and skins exports to Hong Kong SAR exceeded the volume sent to the second major destination, Mexico (X kg), twofold. Thailand (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Thailand (X% per year).

In value terms, Mexico ($X) remains the key foreign market for goat or kid hides and skins exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the average goat hides and skins export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a noticeable expansion. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (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 Singapore

After three years of decline, overseas purchases of goat or kid hides and skins increased by X% to X tons in 2022. In general, imports, however, showed a significant curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, goat hides and skins imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Zambia (X tons), Malaysia (X tons) and Sweden (X kg) were the main suppliers of goat hides and skins imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X.0%), while imports for the other leaders experienced a decline.

In value terms, Zambia ($X) constituted the largest supplier of goat or kid hides and skins to Singapore, comprising X% of total imports. The second position in the ranking was held by Malawi ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Zambia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malawi (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average goat hides and skins import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then fell markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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