Market for Goat Hides And Skins in the United Kingdom
Market Overview
In 
, the UK goat hides and skins market increased by % to $, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a deep slump. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.
, the UK goat hides and skins market increased by % to $, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a deep slump. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.Consumption
In , consumption of goat or kid hides and skins increased by % to tons, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a drastic downturn. Over the period under review, consumption reached the peak volume at tons in 2010; however, from 2011 to , consumption remained at a lower figure.
The value of the goat hides and skins market in the UK soared 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). Over the period under review, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.
, consumption of goat or kid hides and skins increased by % to tons, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a drastic downturn. Over the period under review, consumption reached the peak volume at tons in 2010; however, from 2011 to , consumption remained at a lower figure.The value of the goat hides and skins market in the UK soared 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). Over the period under review, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for goat hides and skins in the UK, the market is expected to continue its downward consumption trend over the next eight years. 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
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last fifteen-year period (from % to %). Goat hides and skins market in the UK consists almost entirely of imported products.
% to %). Goat hides and skins market in the UK consists almost entirely of imported products.Trade Balance
The UK 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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