GCC: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in GCC

The GCC goat hides and skins market amounted to $X in 2023, increasing by X% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Goat Or Kid Hides And Skins in GCC

In value terms, goat hides and skins production expanded modestly to $X in 2023 estimated in export price. The total production indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons), with a combined X% share of total production.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average goat hides and skins yield amounted to X kg per head in 2023, picking up by X% against the year before. Overall, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of yield peaked at X kg per head in 2021; afterwards, it flattened through to 2023.

The global number of animals slaughtered for goat hides and skins production rose to X heads in 2023, increasing by X% against 2022 figures. This number increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked at X heads in 2020; however, from 2021 to 2023, producing animals remained at a lower figure.

Exports of Goat Or Kid Hides And Skins

Exports in GCC

In 2023, approx. X tons of goat or kid hides and skins were exported in GCC; which is down by X% against the year before. Overall, exports showed a perceptible decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, goat hides and skins exports contracted to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia represented the largest exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Oman (X tons), together mixing up a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the goat or kid hides and skins exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Saudi Arabia increased by X percentage points.

In value terms, Saudi Arabia ($X) remains the largest goat hides and skins supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports in GCC

In 2023, overseas purchases of goat or kid hides and skins were finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a deep setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, goat hides and skins imports skyrocketed to $X in 2023. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Saudi Arabia represented the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Kuwait (X kg), constituting a X% share of total imports. The United Arab Emirates (X kg) followed a long way behind the leaders.

Imports into Saudi Arabia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest goat hides and skins importing markets in GCC were Saudi Arabia ($X), Kuwait ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Among the main importing countries, Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform