Sri Lanka: Sheepskin And Lambskin Market 2024

Sheepskin And Lambskin Market Size in Sri Lanka

The Sri Lankan sheepskin and lambskin market reduced to $X in 2022, declining by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Sheepskin And Lambskin Production in Sri Lanka

In value terms, sheepskin and lambskin production declined to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of sheep or lamb skins (without wool) in Sri Lanka stood at X kg per head, standing approx. at the year before. In general, the yield continues to indicate a relatively flat trend pattern. The sheepskin and lambskin yield peaked in 2022 and is likely to see steady growth in the immediate term.

In 2022, approx. X heads of animals slaughtered for sheepskin and lambskin production in Sri Lanka; waning by X% against 2021 figures. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The number of animals slaughtered for sheepskin and lambskin production peaked at X heads in 2021, and then shrank slightly in the following year.

Sheepskin And Lambskin Exports

Exports from Sri Lanka

In 2022, shipments abroad of sheep or lamb skins (without wool) increased by X% to X kg for the first time since 2013, thus ending a eight-year declining trend. Overall, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheepskin and lambskin exports expanded markedly to $X in 2022. In general, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan (X kg) was the main destination for sheepskin and lambskin exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Pakistan totaled X%.

In value terms, Pakistan ($X) also remains the key foreign market for sheep or lamb skins (without wool) exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan amounted to X%.

Export Prices by Country

The average sheepskin and lambskin export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

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

Sheepskin And Lambskin Imports

Imports into Sri Lanka

In 2022, supplies from abroad of sheep or lamb skins (without wool) decreased by X% to X kg, falling for the third consecutive year after three years of growth. In general, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sheepskin and lambskin imports declined sharply to $X in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X kg), Pakistan (X kg) and the United States (X kg) were the main suppliers of sheepskin and lambskin imports to Sri Lanka, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Turkey ($X) constituted the largest supplier of sheep or lamb skins (without wool) to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average sheepskin and lambskin import price amounted to $X per ton, rising by X% against the previous year. In general, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the United States ($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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