Singapore: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Singapore

In 2022, the Singaporean sheepskin and lambskin market increased by X% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a deep slump. Sheepskin and lambskin consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Sheepskin And Lambskin Production in Singapore

In value terms, sheepskin and lambskin production dropped modestly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of sheep or lamb skins (without wool) in Singapore stood at X kg per head, approximately reflecting 2021. Over the period under review, the yield recorded a relatively flat trend pattern. The sheepskin and lambskin yield peaked in 2022 and is likely to continue growth in the near future.

In 2022, the number of animals slaughtered for sheepskin and lambskin production in Singapore was estimated at X head, flattening at 2021 figures. In general, the number of producing animals showed a slight reduction. The pace of growth was the most pronounced in 2017 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2013; however, from 2014 to 2022, producing animals failed to regain momentum.

Sheepskin And Lambskin Exports

Exports from Singapore

In 2022, exports of sheep or lamb skins (without wool) from Singapore dropped to X tons, waning by X% compared with 2021. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, sheepskin and lambskin exports totaled $X in 2022. Over the period under review, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for sheepskin and lambskin exports from Singapore, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at X%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for sheep or lamb skins (without wool) exports from Singapore.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR totaled X%.

Export Prices by Country

In 2022, the average sheepskin and lambskin export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, faced a abrupt setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to X% per year.

Sheepskin And Lambskin Imports

Imports into Singapore

In 2022, overseas purchases of sheep or lamb skins (without wool) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, sheepskin and lambskin imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest supplier of sheepskin and lambskin to Singapore, accounting for a X% share of total imports. Moreover, sheepskin and lambskin imports from Myanmar exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold.

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

In value terms, Myanmar ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Singapore, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average sheepskin and lambskin import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the price for Myanmar ($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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