Updated Mar 28, 2023 17:39

Sheepskin and Lambskin Market in Angola

Market Overview
The Angolan sheepskin and lambskin market fell to $ in , remaining constant 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 a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a somewhat lower figure.

In value terms, sheepskin and lambskin production declined to $ in estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, production reached the peak level of $. From 2012 to , production growth failed to regain momentum.

The average yield of sheep or lamb skins (without wool) in Angola totaled kg per head in , remaining constant against the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of %. The sheepskin and lambskin yield peaked in and is likely to see steady growth in the near future.

The number of animals slaughtered for sheepskin and lambskin production in Angola declined slightly to heads in , remaining stable against the previous year's figure. This number increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by % against the previous year. Over the period under review, this number reached the maximum level at heads in , and then shrank in the following year.


Consumption
After fifteen years of growth, consumption of sheep or lamb skins (without wool) decreased by -% to tons in . The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, consumption hit record highs at tons in , and then reduced slightly in the following year.

The revenue of the sheepskin and lambskin market in Angola fell modestly to $ in , remaining relatively unchanged 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market remained at a lower figure.


Market Forecast
Driven by increasing demand for sheep or lamb skins (without wool) in Angola, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, 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, imports of sheepskin and lambskin in Angola were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for sheepskin and lambskin.


Trade Balance
Angola remains a net importer of sheepskin and lambskin; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of kg, which was equal to $.