Market for Goat Hides And Skins in Canada
Market Overview
The Canadian goat hides and skins market fell slightly to $
in , approximately equating 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). In general, consumption, however, enjoyed significant growth. Over the period under review, the market hit record highs at $ in ; however, from to , consumption remained at a lower figure.
In value terms, goat hides and skins production totaled $ in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of %. Goat hides and skins production peaked at $ in 2017; however, from 2018 to , production failed to regain momentum.
in , approximately equating 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). In general, consumption, however, enjoyed significant growth. Over the period under review, the market hit record highs at $ in ; however, from to , consumption remained at a lower figure.In value terms, goat hides and skins production totaled $
in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of %. Goat hides and skins production peaked at $ in 2017; however, from 2018 to , production failed to regain momentum.Consumption
In , consumption of goat or kid hides and skins decreased by -% to tons, falling for the second consecutive year after eight years of growth. In general, consumption, however, showed a significant increase. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption failed to regain momentum.
The revenue of the goat hides and skins market in Canada contracted to $ in , approximately reflecting 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, continues to indicate a significant increase. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.
, consumption of goat or kid hides and skins decreased by -% to tons, falling for the second consecutive year after eight years of growth. In general, consumption, however, showed a significant increase. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption failed to regain momentum.The revenue of the goat hides and skins market in Canada contracted to $
in , approximately reflecting 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, continues to indicate a significant increase. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for goat or kid hides and skins in Canada, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, 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 .
% 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 goat hides and skins in Canada 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 goat hides and skins. 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.
, 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 goat hides and skins; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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