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Australia - Sheep And Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Jan 27, 2023
Sheep and Goat Meat Price in Australia Shrinks Modestly to $5,975 per Ton
Australia Sheep and Goat Meat Export Price in November 2022
In November 2022, the sheep and goat meat price amounted to $5,975 per ton (FOB, Australia), declining by -8.5% against the previous month. Overall, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in March 2022 an increase of 3.7% m-o-m. Over the period under review, the average export prices reached the peak figure at $7,733 per ton in June 2022; however, from July 2022 to November 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2022, the country with the highest price was the UK ($8,731 per ton), while the average price for exports to Papua New Guinea ($2,597 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Australia Sheep and Goat Meat Export Prices by Type
Average prices varied noticeably for the major types of exported product. In November 2022, the product with the highest price was goat meat ($6,413 per ton), while the average price for exports of lamb and sheep meat amounted to $5,959 per ton.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for the following types: lamb and sheep meat (-2.1%).
Australia Sheep and Goat Meat Exports
After three months of growth, overseas shipments of sheep and goat meat decreased by -7.2% to 43K tons in November 2022. The total export volume increased at an average monthly rate of +3.7% from January 2022 to November 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in February 2022 with an increase of 20% m-o-m. Over the period under review, the exports attained the maximum at 46K tons in October 2022, and then shrank in the following month.
In value terms, sheep and goat meat exports dropped significantly to $257M (IndexBox estimates) in November 2022. The total export value increased at an average monthly rate of +1.3% over the period from January 2022 to November 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in March 2022 with an increase of 22% month-to-month. As a result, the exports reached the peak of $327M. From April 2022 to November 2022, the growth of the exports remained at a lower figure.
Australia Sheep and Goat Meat Exports by Type
Lamb and sheep meat (41K tons) was the largest type of sheep and goat meat exported from Australia, with a 96% share of total exports. Moreover, lamb and sheep meat exceeded the volume of the second product type, goat meat (1.5K tons), more than tenfold.
From January 2022 to November 2022, the average monthly rate of growth in terms of the volume of export of lamb and sheep meat stood at +3.7%.
In value terms, lamb and sheep meat ($247M) remains the largest type of sheep and goat meat exported from Australia, comprising 96% of total exports. The second position in the ranking was taken by goat meat ($9.9M), with a 3.8% share of total exports.
From January 2022 to November 2022, the average monthly rate of growth in terms of the export volume of lamb and sheep meat totaled +1.5%.
Australia Sheep and Goat Meat Exports by Country
China (15K tons), the United States (9K tons) and South Korea (2.1K tons) were the main destinations of sheep and goat meat exports from Australia, together comprising 60% of total exports.
From January 2022 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +6.7%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for sheep and goat meat exported from Australia were the United States ($76M), China ($61M) and South Korea ($18M), with a combined 61% share of total exports. The United Arab Emirates, Malaysia, Japan, the UK, Canada, Singapore, Taiwan (Chinese), Saudi Arabia and Papua New Guinea lagged somewhat behind, together accounting for a further 26%.
Among the main countries of destination, Singapore, with a CAGR of +4.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Sheep and Goat Prices
The average price for sheep and goat meat in Australia has remained fairly stable over the past few years. However, there are a number of factors that can impact the price of these meats.
Sheep and goat meat is an important part of the Australian diet, with many people consuming it on a regular basis. The price of sheep and goat meat can vary depending on a number of factors, such as the time of year, the availability of supply and demand from consumers. In addition, the price of sheep and goat meat can also be influenced by government policies and subsidies.
Australian producers are currently facing strong competition from overseas suppliers in both the domestic and international markets. In addition, the high cost of feed grains has put upward pressure on sheep and goat meat prices.
This report provides an in-depth analysis of the market for sheep and goat meat 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
• FCL 977 - Meat of sheep
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Producing Animals Slaughtered, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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