Dominican Republic: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in the Dominican Republic

In 2023, the Dominican goat hides and skins market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Goat Or Kid Hides And Skins in the Dominican Republic

In value terms, goat hides and skins production dropped to $X in 2023 estimated in export price. Over the period under review, the total production indicated a mild increase 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 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

The average yield of goat or kid hides and skins in the Dominican Republic stood at X kg per head in 2023, stabilizing at 2022 figures. Overall, the yield recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. Over the period under review, the average goat hides and skins yield reached the peak level at X kg per head in 2012; however, from 2013 to 2023, the yield remained at a lower figure.

In 2023, approx. X heads of animals slaughtered for goat hides and skins production in the Dominican Republic; remaining relatively unchanged against 2022 figures. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The number of animals slaughtered for goat hides and skins production peaked at X heads in 2014; however, from 2015 to 2023, producing animals failed to regain momentum.

Exports of Goat Or Kid Hides And Skins

Exports from the Dominican Republic

In 2023, after three years of decline, there was significant growth in shipments abroad of goat or kid hides and skins, when their volume increased by X% to X tons. Overall, exports, however, recorded a dramatic setback. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, goat hides and skins exports rose rapidly to $X in 2023. In general, exports, however, recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons), China (X tons) and Mexico (X tons) were the main destinations of goat hides and skins exports from the Dominican Republic, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, China ($X), Indonesia ($X) and Mexico ($X) were the largest markets for goat hides and skins exported from the Dominican Republic worldwide, with a combined X% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average goat hides and skins export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Goat Or Kid Hides And Skins

Imports into the Dominican Republic

Goat hides and skins imports into the Dominican Republic declined sharply to X kg in 2023, waning by X% compared with the year before. Over the period under review, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, goat hides and skins imports reduced dramatically to $X in 2023. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Italy (X kg) and the United States (X kg) were the main suppliers of goat hides and skins imports to the Dominican Republic.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%).

In value terms, Italy ($X) and the United States ($X) were the largest goat hides and skins suppliers to the Dominican Republic.

In terms of the main suppliers, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2023, the average goat hides and skins import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States totaled $X per ton.

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

Source: IndexBox Platform