Latest Report Update: Sep 29, 2019

World - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Sep 19, 2016

Goat Meat Market - Growth Despite Weak International Trade

Photo: © Kantharochana / Bigstockphoto

Despite the fall of global prices on the meat products market, due to weakening demand from both oil-exporting and developing countries, the goat meat price, in contrast, has peaked. The relatively nascent international trade in goat meat is the reason for this, as its consumption mainly depends on the extent to which goat rearing and breeding has been developed in the producing countries.

Consumption on the goat meat market is inextricably linked to those locations where the meat is produced, in contrast to the meat markets with an existing international trade base: goat meat exports account for no more than 1% of its total global output. This figure has remained stable for many years and any tangible pre-requisites for its growth remain absent. As a result, goat meat prices are determined not by the consumption trends and foreign trade policy in importing countries, but by domestic demand and the development of goat rearing and breeding in the producing countries.

According to IndexBox, the key goat meat countries in terms of output are concentrated in Asia and Africa - together, these regions account for over 90% of the global total production. Africa and Asia's considerable share in goat meat output is dictated by the specifics of goat rearing and breeding. This industry can develop in even the harshest of environments and the local community is also heavily involved in rearing the animals: goat breeding is mainly conducted through small farm holdings, which due to the goat husbandry obtain not only valuable meat, but also goat milk and skin.

China is the largest global producer of goat meat: in 2015, China's output share totaled 40% of total global goat meat production (2.2 million tonnes); India ranked second, with 9%, then Pakistan and Nigeria with 5% each respectively, and finally Sudan, with 4%. China is the leading country in terms of the average annual rate of growth in goat meat output: from 2007-2015, this stood at 3.6%, higher than the figures for Bangladesh (2.7%) and Pakistan (2.3%). The rate of growth in goat meat output in other producing countries was more measured, while India experienced a negative growth trend (-0.5%).

Should the global price trends for goat meat be mentioned here, then from 2007-2015, the average annual rate of growth for these amounted to +16.5%; in absolute terms, they doubled over this period, reaching $4.4 thousand/tonne. Price stagnation was observed in Bangladesh only, where they remained below $2 thousand/tonne for the entire period. China recorded the most marked growth in terms of price trends, where in 2015, they reached $9.6 thousand/tonne.

In terms of global export prices, from 2007-2015, the average rate of growth (+6.7%) fell short of the increases in the global selling prices of goat meat; in absolute terms, they had reached $6 thousand/tonne by 2015 year-end. This was perhaps a result of enhanced competition on the global meat market. The top-three countries for goat meat exports include Australia (51% of global exports), Ethiopia (25%) and Pakistan (5%). In absolute terms, goat meat exports reached 62.6 thousand tonnes in 2015 (1% of global output): its main consumers are those countries with a predominantly Muslim population, where goat meat is enjoyed as a festive and celebratory delicacy.

In general, goat meat remains unpopular with consumers. Although its consumption is not prohibited by any religious faith, and goat meat is in demand in China, the world's most populated country, in 2015, global goat meat consumption amounted to, on average, only 0.8 kg/head. This is only half the story, however: even in the largest consumer countries, demand is dependent on the different social groups.

If the goat meat market's prospects are to be discussed here, then the market outlook depends on the consumer/producer countries' capacity to step up demand.

The dominant trends on the global market can be reflected using the graph figure below, where:

• The X axis shows the growth/decline trends in consumption from 2007-2015 (CAGR);
• The Y axis: the prospects for per capita consumption growth;
• The circle size: current market consumption.

The division into quadrants was obtained by applying the two horizontal and vertical dividing lines: the first shows the average global consumption of goat meat (0.8 kg/head), and the second, its average annual growth (+2.4 from 2008-2015).

The first quadrant features countries with a high per capita consumption of goat meat and a modest rate of growth in terms of demand (Nigeria, Pakistan, the Sudan and Iran, in particular). The second quadrant shows countries with high levels of consumption and rates of growth with regard to demand (China, Mali and Turkey). Countries with low consumption and a rapid pace of demand growth (China and Turkey used to be in this group, but both have now moved into the second quadrant as a result of market saturation) are displayed in the third quadrant, and finally the fourth quadrant depicts those countries with low consumption and rates of demand growth (India and Indonesia).

Overall, the situation on the global goat meat market is very paradoxical. Due to the fact that goat rearing and breeding is practised world-wide, goat meat can hardly be classed as an exotic product. As a result, however, of the lack of development in the international goat meat trade, prices for the product are showing the opposite trend, in comparison with other types of meat products. According to IndexBox, despite these contradictions, the global goat meat market is set to expand in the immediate term, driven by increased consumption from Africa's and Asia's growing population.

Do you want to know more about the global goat meat market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • goat meat market share
  • goat meat prices
  • goat meat industry
  • goat meat sales
  • goat meat market forecast
  • goat meat price forecast
  • key goat meat producers

Sourse: World: Goat Meat - Market Report. Analysis And Forecast To 2020

Source: IndexBox AI Platform

Product coverage:
• FCL 1017 - Goat meat

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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Producing Animals, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Producing Animals, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Producing Animals, By Country, 2018
Figure 24:
Producing Animals, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
Ready to Get Started?

We can help you conduct market research and write a report using the most reliable data

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data