Nigeria - Goat Or Kid Hides And Skins - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Goat or Kid Hides in Nigeria - 2023
Contents:
- Price for Goat or Kid Hides in Nigeria (CIF) - 2023
- Price for Goat or Kid Hides in Nigeria (FOB) - 2022
- Imports of Goat or Kid Hides in Nigeria
- Exports of Goat or Kid Hides in Nigeria
Price for Goat or Kid Hides in Nigeria (CIF) - 2023
In November 2023, the average goat or kid hides import price amounted to $3,239 per ton, with an increase of 6.8% against the previous month. In general, import price indicated perceptible growth from January 2023 to November 2023: its price increased at an average monthly rate of +2.9% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, goat or kid hides import price increased by +66.7% against August 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 64% month-to-month. As a result, import price attained the peak level of $4,003 per ton. From March 2023 to November 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Tanzania ($3,277 per ton), while the price for Kenya stood at $3,222 per ton.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Kenya (+5.4%).
Price for Goat or Kid Hides in Nigeria (FOB) - 2022
In 2022, the average goat or kid hides export price amounted to $4,314 per ton, surging by 16% against the previous year. In general, the export price continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2015 an increase of 248%. As a result, the export price attained the peak level of $15,563 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($4,437 per ton), while the average price for exports to Pakistan ($3,429 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 Italy (+1.3%), while the prices for the other major destinations experienced a decline.
Imports of Goat or Kid Hides in Nigeria
Goat or kid hides imports into Nigeria skyrocketed to 7.8K tons in 2022, rising by 49% compared with 2021. In general, imports showed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 111% against the previous year. As a result, imports reached the peak of 9.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, goat or kid hides imports soared to $21M in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 251% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Goat or Kid Hides in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 3.9 | 18.5 | 9.6 | 18.9 | 69.2% |
| Kenya | 0.3 | N/A | 0.1 | 1.4 | 67.1% |
| Madagascar | N/A | 0.1 | N/A | 0.5 | 123.6% |
| Somalia | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.8 | 0.2 | N/A | -52.9% |
| Total | 5.5 | 19.3 | 9.9 | 20.8 | 55.8% |
Top Suppliers of Goat or Kid Hides to Nigeria in 2022:
- Tanzania (6.9K tons)
- Kenya (0.5K tons)
- Madagascar (0.3K tons)
Exports of Goat or Kid Hides in Nigeria
In 2022, overseas shipments of goat or kid hides and skins decreased by -88.2% to 22 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of 186 tons, and then shrank notably in the following year.
In value terms, goat or kid hides exports reduced dramatically to $95K in 2022. Overall, exports saw a dramatic downturn. The smallest decline of -3.6% was in 2021.
| Export of Goat or Kid Hides in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 823 | 715 | 88.0 | 80.6 | -53.9% |
| Pakistan | N/A | 1.9 | N/A | 8.7 | 114.0% |
| Italy | N/A | N/A | 79.9 | 5.4 | -93.2% |
| India | N/A | N/A | 523 | N/A | 0% |
| Others | 1.1 | N/A | 0.4 | N/A | -39.7% |
| Total | 824 | 717 | 692 | 94.7 | -51.4% |
Top Export Markets for Goat or Kid Hides from Nigeria in 2022:
- Hong Kong SAR (18.2 tons)
- Pakistan (2.5 tons)
- Italy (1.2 tons)
This report provides an in-depth analysis of the market for goat hides and skins in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1025 - Goatskins, fresh
- FCL 1026 - Skins, Wet-Salted (Goats)
- FCL 1027 - Skins, Dry-Salted (Goats)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for goat hides and skins in Nigeria.
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This report provides an in-depth analysis of the market for goat hides and skins in Nigeria.
1166
This report provides an in-depth analysis of the global market for goat hides and skins.
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This report provides an in-depth analysis of the global market for goat hides and skins.
1002
This report provides an in-depth analysis of the market for goat hides and skins in Nigeria.
357
This report provides an in-depth analysis of the market for goat hides and skins in Nigeria.
1166
This report provides an in-depth analysis of the global market for goat hides and skins.
537
This report provides an in-depth analysis of the global market for goat hides and skins.
1584
Global goat hides and skins consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
887
In 2015, the country with the largest volume of the goat hides and skins output was China (X thousand tons), accounting for X% of global production.
1492
Spain dominates in the global trade of goat or kid hides and skins. In 2014, Spain exported X thousand tons of goat or kid hides and skins totaling X million USD, X% under the previous year. Its primary trading partner was China, where it supplied
1584
Global goat hides and skins consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
887
In 2015, the country with the largest volume of the goat hides and skins output was China (X thousand tons), accounting for X% of global production.
1492
Spain dominates in the global trade of goat or kid hides and skins. In 2014, Spain exported X thousand tons of goat or kid hides and skins totaling X million USD, X% under the previous year. Its primary trading partner was China, where it supplied
