Overview of the Market for Goat Hides And Skins in Benin
In value terms, goat hides and skins production shrank to $ in 2019 estimated in export prices. In general, the total production indicated slight growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2013 to 2019, production growth remained at a lower figure.
The value of the goat hides and skins market in Benin fell to $ in 2019, waning 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Goat hides and skins consumption peaked at $ in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.