World - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGoat Meat Market
The global goat meat market is expected to see continued growth in consumption and production over the next eight years, with a forecasted increase in market volume and value. China leads in both consumption and production, with the United States and the United Arab Emirates emerging as top importers. Australia remains the largest exporter of goat meat, with Mongolia showing the highest growth rate in exports. Pricing data indicates fluctuations in import and export prices over the years, with noticeable differences based on country of origin.
Market Forecast
Driven by increasing demand for goat meat worldwide, 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 +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 7.2M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $63.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Goat Meat
Global goat meat consumption amounted to 6.4M tons in 2022, leveling off at the previous year's figure. The total consumption volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 3.2%. Global consumption peaked in 2022 and is expected to retain growth in the near future.
The global goat meat market value fell modestly to $47.5B in 2022, reducing by -2.1% 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 +3.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level at $48.6B in 2021, and then dropped in the following year.
Consumption By Country
China (2.5M tons) constituted the country with the largest volume of goat meat consumption, accounting for 39% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (550K tons), fivefold. The third position in this ranking was held by Pakistan (532K tons), with an 8.4% share.
From 2012 to 2022, the average annual growth rate of volume in China stood at +2.3%. In the other countries, the average annual rates were as follows: India (+0.7% per year) and Pakistan (+2.9% per year).
In value terms, China ($26.9B) led the market, alone. The second position in the ranking was taken by Pakistan ($3.6B). It was followed by India.
In China, the goat meat market increased at an average annual rate of +4.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+4.2% per year) and India (-0.6% per year).
In 2022, the highest levels of goat meat per capita consumption was registered in Mongolia (35 kg per person), followed by Chad (8.5 kg per person), Sudan (2.6 kg per person) and Pakistan (2.3 kg per person), while the world average per capita consumption of goat meat was estimated at 0.8 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the goat meat per capita consumption in Mongolia totaled +5.9%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Chad (+2.6% per year) and Sudan (-1.8% per year).
Production
World Production of Goat Meat
For the eleventh consecutive year, the global market recorded growth in production of goat meat, which increased by 1.4% to 6.4M tons in 2022. The total output volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 3.2% against the previous year. Over the period under review, global production reached the maximum volume in 2022 and is expected to retain growth in the near future. The general positive trend in terms output was largely conditioned by a modest increase of the number of producing animals and a relatively flat trend pattern in yield figures.
In value terms, goat meat production shrank to $51.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, global production reached the maximum level at $53.7B in 2021, and then reduced in the following year.
Production By Country
China (2.5M tons) constituted the country with the largest volume of goat meat production, accounting for 39% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (551K tons), fivefold. Pakistan (532K tons) ranked third in terms of total production with an 8.4% share.
From 2012 to 2022, the average annual growth rate of volume in China totaled +2.3%. The remaining producing countries recorded the following average annual rates of production growth: India (+0.7% per year) and Pakistan (+2.8% per year).
Yield
The global average goat meat yield amounted to 13 kg per head in 2022, picking up by 1.8% on the previous year. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 3.6%. The global yield peaked at 13 kg per head in 2012; however, from 2013 to 2022, the yield remained at a lower figure.
Producing Animals
In 2022, global number of animals slaughtered for goat meat production reduced modestly to 504M heads, approximately reflecting 2021. This number increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 6.2%. Over the period under review, this number hit record highs at 506M heads in 2021, and then declined in the following year.
Imports
World Imports of Goat Meat
Global goat meat imports amounted to 61K tons in 2022, increasing by 6.5% on 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, global imports hit record highs at 71K tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.
In value terms, goat meat imports rose significantly to $403M in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.
Imports By Country
The United States (21K tons) and the United Arab Emirates (16K tons) represented roughly 60% of total imports in 2022. It was distantly followed by South Korea (3.3K tons), generating a 5.5% share of total imports. Taiwan (Chinese) (2.2K tons), Canada (2.1K tons), Portugal (2K tons), Oman (1.7K tons), France (1.4K tons), the UK (1.3K tons), Italy (1.1K tons), Trinidad and Tobago (1.1K tons) and Bahrain (1K tons) held a relatively small share of total imports.
From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +15.5%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($151M), the United Arab Emirates ($84M) and South Korea ($33M) constituted the countries with the highest levels of imports in 2022, together comprising 67% of global imports.
Among the main importing countries, South Korea, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average goat meat import price stood at $6,611 per ton in 2022, increasing by 3.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2019 when the average import price increased by 7.3%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($10,066 per ton), while Bahrain ($4,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+7.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Goat Meat
In 2022, overseas shipments of goat meat increased by 1.3% to 60K tons, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. The global exports peaked at 71K tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.
In value terms, goat meat exports dropped slightly to $417M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. The global exports peaked at $419M in 2017; however, from 2018 to 2022, the exports remained at a lower figure.
Exports By Country
In 2022, Australia (21K tons), distantly followed by Ethiopia (13K tons), Kenya (9.9K tons) and Spain (3.6K tons) represented the main exporters of goat meat, together achieving 80% of total exports. France (2K tons), Mongolia (1.6K tons), Greece (1.6K tons) and Tanzania (1.1K tons) took a little share of total exports.
From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of +47.4%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Australia ($181M) remains the largest goat meat supplier worldwide, comprising 43% of global exports. The second position in the ranking was taken by Ethiopia ($82M), with a 20% share of global exports. It was followed by Kenya, with a 14% share.
From 2012 to 2022, the average annual growth rate of value in Australia stood at +2.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Ethiopia (+3.3% per year) and Kenya (+23.6% per year).
Export Prices By Country
The average goat meat export price stood at $6,914 per ton in 2022, with a decrease of -1.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs at $7,021 per ton in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($9,311 per ton), while Mongolia ($2,514 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+35.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global goat meat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1017 - Goat meat
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Global goat meat consumption amounted to X thousand tons in 2015, leveling off at the previous year level.
Global goat meat market production was estimated at X thousand tons in 2015, which was X thousand tons more than in 2014. There was an annual increase of +X% in physical terms and +X% in value terms for the period from 2007 to 2015. In v
From 2007 to 2015, exports on the global goat meat market decreased to X million USD. In physical terms, they stood at X thousand tons in 2015, X thousand tons down on the previous year.
In 2015, the value of total imports on the global goat meat market stood at X million USD. In physical terms, the total volume of goat meat decreased to X thousand tons in 2015, X thousand tons (X%) less than the previous year.
The global goat meat market had total revenues of X million USD in 2015, representing a compound annual growth rate (CAGR) of +X% from 2007 to 2015. In physical terms, the market showed an increase of +X% over the period under review. Finall
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