Market for Goat Hides And Skins in Finland
Market Overview
In 
, the Finnish goat hides and skins market increased by % to $ for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a deep downturn. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
, the Finnish goat hides and skins market increased by % to $ for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a deep downturn. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.Consumption
In , after two years of decline, there was significant growth in consumption of goat or kid hides and skins, when its volume increased by % to tons. Overall, consumption, however, faced a drastic downturn. Goat hides and skins consumption peaked at tons in 2009; however, from 2010 to , consumption remained at a lower figure.
The size of the goat hides and skins market in Finland soared to $ in , growing 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). In general, consumption, however, showed a deep contraction. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, after two years of decline, there was significant growth in consumption of goat or kid hides and skins, when its volume increased by % to tons. Overall, consumption, however, faced a drastic downturn. Goat hides and skins consumption peaked at tons in 2009; however, from 2010 to , consumption remained at a lower figure.The size of the goat hides and skins market in Finland soared to $
in , growing 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). In general, consumption, however, showed a deep contraction. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for goat hides and skins in Finland, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Goat hides and skins market in Finland consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Finland imports of in the goat hides and skins market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Finland imports of in the goat hides and skins market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Finland remains a net importer of goat hides and skins; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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