Western Africa: Market for Goat Or Kid Hides And Skins 2024

Market Size for Goat Or Kid Hides And Skins in Western Africa

The West African goat hides and skins market contracted modestly to $X in 2023, which is down by X% against the previous year. The market value 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 level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Goat Or Kid Hides And Skins in Western Africa

In value terms, goat hides and skins production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Nigeria (X tons) remains the largest goat hides and skins producing country in Western Africa, comprising approx. X% of total volume. Moreover, goat hides and skins production in Nigeria exceeded the figures recorded by the second-largest producer, Burkina Faso (X tons), sevenfold. The third position in this ranking was held by Ghana (X tons), with an X% share.

In Nigeria, goat hides and skins production increased at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Burkina Faso (X% per year) and Ghana (X% per year).

The average goat hides and skins yield dropped to X kg per head in 2023, approximately reflecting 2022. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by X%. The level of yield peaked at X kg per head in 2018; however, from 2019 to 2023, the yield remained at a lower figure.

In 2023, the number of animals slaughtered for goat hides and skins production in Western Africa reached X heads, therefore, remained relatively stable against the year before. This number increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2021; afterwards, it flattened through to 2023.

Exports of Goat Or Kid Hides And Skins

Exports in Western Africa

In 2023, exports of goat or kid hides and skins in Western Africa contracted significantly to X tons, with a decrease of X% on the previous year. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, goat hides and skins exports fell notably to $X in 2023. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Mauritania (X tons) was the largest exporter of goat or kid hides and skins, making up X% of total exports. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%) and Ghana (X%). Cote d'Ivoire (X tons) followed a long way behind the leaders.

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

In value terms, Nigeria ($X) emerged as the largest goat hides and skins supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Mauritania ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Mauritania (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Imports of Goat Or Kid Hides And Skins

Imports in Western Africa

In 2023, approx. X tons of goat or kid hides and skins were imported in Western Africa; with a decrease of X% on the previous year's figure. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, goat hides and skins imports reduced remarkably to $X in 2023. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then contracted notably in the following year.

Imports by Country

Nigeria prevails in imports structure, recording X tons, which was near X% of total imports in 2023. Togo (X tons) held a minor share of total imports.

Nigeria 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. Togo (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Togo (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported goat or kid hides and skins in Western Africa, comprising X% of total imports. The second position in the ranking was held by Togo ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria amounted to X%.

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Togo amounted to $X per ton.

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

Source: IndexBox Platform