Australia - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia's Export of Goat Meat Hits a Low of $11M in January 2024
Australia Goat Meat Exports
Goat meat exports from Australia declined dramatically to 2.4K tons in January 2024, which is down by -33.3% on the previous month. In general, total exports indicated a prominent expansion from January 2023 to January 2024: its volume increased at an average monthly rate of +7.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, exports decreased by -34.9% against October 2023 indices. The pace of growth was the most pronounced in February 2023 with an increase of 98% m-o-m.
In value terms, goat meat exports fell dramatically to $11M (IndexBox estimates) in January 2024. Over the period under review, total exports indicated a prominent expansion from January 2023 to January 2024: its value increased at an average monthly rate of +5.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, exports decreased by -29.3% against October 2023 indices. The pace of growth was the most pronounced in February 2023 with an increase of 90% against the previous month.
| COUNTRY | Export Value of Goat Meat in Australia (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| United States | 2.6 | 4.2 | 5.2 | 3.6 | 5.0 | 6.1 | 5.4 | 5.6 | 5.5 | 7.5 | 5.0 | 8.0 | 5.8 |
| South Korea | 1.4 | 3.6 | 3.7 | 2.9 | 2.7 | 3.9 | 5.0 | 4.3 | 4.1 | 3.9 | 2.0 | 2.3 | 2.6 |
| China | 0.8 | 1.5 | 4.1 | 3.8 | 2.9 | 2.5 | 1.5 | 1.2 | 2.8 | 2.7 | 3.1 | 2.3 | 1.0 |
| Taiwan (Chinese) | 0.2 | 0.5 | 0.9 | 0.2 | 0.7 | 1.1 | 0.2 | 0.6 | 0.2 | 0.3 | 0.2 | 0.9 | 0.7 |
| Trinidad and Tobago | 0.4 | 0.3 | 0.9 | 0.5 | 0.3 | 0.2 | 0.8 | 0.5 | 0.9 | 0.4 | 0.3 | 0.3 | 0.3 |
| Others | 0.6 | 1.2 | 0.8 | 1.4 | 0.5 | 0.9 | 1.0 | 1.0 | 1.7 | 1.3 | 0.9 | 1.6 | 1.0 |
| Total | 5.9 | 11.2 | 15.5 | 12.3 | 12.1 | 14.7 | 13.8 | 13.3 | 15.3 | 16.1 | 11.6 | 15.4 | 11.4 |
Exports by Country
The United States (1.3K tons) was the main destination for goat meat exports from Australia, with a 55% share of total exports. Moreover, goat meat exports to the United States exceeded the volume sent to the second major destination, South Korea (366 tons), fourfold. China (253 tons) ranked third in terms of total exports with a 10% share.
From January 2023 to January 2024, the average monthly rate of growth in terms of volume to the United States amounted to +9.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+6.0% per month) and China (+1.6% per month).
In value terms, the United States ($5.8M) remains the key foreign market for goat meat exports from Australia, comprising 51% of total exports. The second position in the ranking was held by South Korea ($2.6M), with a 23% share of total exports. It was followed by China, with an 8.8% share.
From January 2023 to January 2024, the average monthly growth rate of value to the United States totaled +6.9%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+5.2% per month) and China (+1.8% per month).
Export Prices by Country
In January 2024, the goat meat price amounted to $4,674 per ton (FOB, Australia), growing by 11% against the previous month. In general, the export price, however, saw a slight decrease. The export price peaked at $5,469 per ton in January 2023; however, from February 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was South Korea ($7,023 per ton), while the average price for exports to Trinidad and Tobago ($3,680 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the goat meat market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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 Slaughtered, 2012–2023
- Yield, 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 Of Origin, 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, By Country Of Destination, 2012–2023
