Updated Mar 28, 2023 17:57

Sheepskin and Lambskin Market in Canada

Market Overview
The Canadian sheepskin and lambskin market amounted to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw pronounced growth. Sheepskin and lambskin consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.

In value terms, sheepskin and lambskin production expanded modestly to $ in estimated in export price. In general, the total production indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth was the most pronounced in 2012 with an increase of %. Over the period under review, production hit record highs at $ in ; however, from to , production stood at a somewhat lower figure.

In , the average yield of sheep or lamb skins (without wool) in Canada reduced slightly to kg per head, which is down by -% against figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of %. As a result, the yield reached the peak level of kg per head. From 2012 to , the growth of the average sheepskin and lambskin yield failed to regain momentum.

The number of animals slaughtered for sheepskin and lambskin production in Canada shrank modestly to heads in , dropping by -% compared with figures. Overall, the number of producing animals, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of %. The number of animals slaughtered for sheepskin and lambskin production peaked at heads in , and then dropped in the following year.


Consumption
In , after four years of growth, there was decline in consumption of sheep or lamb skins (without wool), when its volume decreased by -% to tons. Over the period under review, consumption, however, saw modest growth. Sheepskin and lambskin consumption peaked at tons in , and then declined slightly in the following year.

The value of the sheepskin and lambskin market in Canada rose modestly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a moderate increase. Over the period under review, the market hit record highs at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for sheep or lamb skins (without wool) in Canada, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, the share of imports in terms of total sheepskin and lambskin consumption in Canada was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Canada sheepskin and lambskin market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Canada remains a net exporter of sheepskin and lambskin; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.