Southern Asia: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Southern Asia

In 2023, the South Asian goat hides and skins market increased by X% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Southern Asia

In value terms, goat hides and skins production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

The countries with the highest volumes of production in 2023 were Pakistan (X tons), India (X tons) and Bangladesh (X tons), together comprising X% of total production. Nepal and Afghanistan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Nepal (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average goat hides and skins yield dropped modestly to X kg per head in 2023, almost unchanged from 2022. Overall, the yield showed a slight contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the goat hides and skins yield hit record highs at X kg per head in 2012; however, from 2013 to 2023, the yield failed to regain momentum.

In 2023, the number of animals slaughtered for goat hides and skins production in Southern Asia fell slightly to X heads, standing approx. at the previous year's figure. This number increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2022, and then fell modestly in the following year.

Exports of Goat Or Kid Hides And Skins

Exports in Southern Asia

In 2023, shipments abroad of goat or kid hides and skins decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports saw a deep setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, goat hides and skins exports contracted to $X in 2023. Over the period under review, exports, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh represented the key exporting country with an export of about X tons, which reached X% of total exports. Afghanistan (X tons) ranks second in terms of the total exports with an X% share, followed by Pakistan (X%).

Bangladesh experienced a relatively flat trend pattern with regard to volume of exports of goat or kid hides and skins. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Afghanistan (X p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) remains the largest goat hides and skins supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Bangladesh totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (X% per year) and Afghanistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, approximately mirroring the previous year. Over the period under review, the export price, however, saw strong growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the export price figures.

Imports of Goat Or Kid Hides And Skins

Imports in Southern Asia

In 2023, overseas purchases of goat or kid hides and skins increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports saw a mild increase. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, goat hides and skins imports soared to $X in 2023. Overall, imports, however, showed a deep downturn. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Pakistan was the key importer of goat or kid hides and skins in Southern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by India (X tons), constituting a X% share of total imports.

Pakistan was also the fastest-growing in terms of the goat or kid hides and skins imports, with a CAGR of X% from 2012 to 2023. India (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Pakistan increased by X percentage points.

In value terms, Pakistan ($X) constitutes the largest market for imported goat or kid hides and skins in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Pakistan stood at X%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price recorded a deep contraction. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Source: IndexBox Platform