Australia - Sheep And Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Sheep and Goat Meat in Australia - 2023
Contents:
- Price for Sheep and Goat Meat in Australia (FOB) - 2022
- Price for Sheep and Goat Meat in Australia (CIF) - 2022
- Exports of Sheep and Goat Meat in Australia
- Imports of Sheep and Goat Meat in Australia
Price for Sheep and Goat Meat in Australia (FOB) - 2022
In 2022, the average sheep and goat meat export price amounted to $7,054 per ton, stabilizing at the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goat meat export price increased by +58.1% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 21%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,115 per ton), while the average price for exports to Papua New Guinea ($2,926 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sheep and Goat Meat in Australia (CIF) - 2022
In 2022, the average sheep and goat meat import price amounted to $5,077 per ton, increasing by 34% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $8,670 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($7,028 per ton), while the price for New Zealand ($4,700 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the prices for the other major suppliers experienced a decline.
Exports of Sheep and Goat Meat in Australia
In 2022, the amount of sheep and goat meat exported from Australia rose modestly to 481K tons, growing by 4.4% compared with 2021 figures. Overall, exports, however, saw a noticeable decrease.
In value terms, sheep and goat meat exports rose to $3.4B in 2022. The total export value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 22%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Sheep and Goat Meat in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 733 | 668 | 1,005 | 1,041 | 12.4% |
| China | 847 | 663 | 802 | 673 | -7.4% |
| South Korea | 112 | 124 | 155 | 251 | 30.9% |
| Malaysia | 126 | 135 | 167 | 195 | 15.7% |
| United Arab Emirates | 164 | 140 | 123 | 165 | 0.2% |
| Japan | 111 | 106 | 109 | 140 | 8.0% |
| Canada | 80.2 | 87.7 | 113 | 125 | 15.9% |
| Saudi Arabia | 76.0 | 62.5 | 69.6 | 84.9 | 3.8% |
| United Kingdom | 48.5 | 61.6 | 82.6 | 81.2 | 18.7% |
| Singapore | 68.3 | 72.1 | 72.7 | 78.0 | 4.5% |
| Papua New Guinea | 47.3 | 45.5 | 59.6 | 69.9 | 13.9% |
| Taiwan (Chinese) | 44.5 | 43.3 | 59.0 | 58.3 | 9.4% |
| Qatar | 117 | 114 | 49.1 | 53.4 | -23.0% |
| Others | 429 | 317 | 365 | 374 | -4.5% |
| Total | 3,003 | 2,639 | 3,231 | 3,390 | 4.1% |
Top Export Markets for Sheep and Goat Meat from Australia in 2022:
- China (138.2K tons)
- United States (103.0K tons)
- Malaysia (31.2K tons)
- South Korea (27.3K tons)
- Papua New Guinea (23.9K tons)
- United Arab Emirates (21.3K tons)
- Japan (15.2K tons)
- Canada (13.2K tons)
- Singapore (12.9K tons)
- Saudi Arabia (12.7K tons)
- Taiwan (Chinese) (10.9K tons)
- United Kingdom (9.3K tons)
- Qatar (6.8K tons)
Imports of Sheep and Goat Meat in Australia
In 2022, overseas purchases of sheep and goat meat decreased by -31.7% to 257 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 104%. As a result, imports reached the peak of 848 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sheep and goat meat imports fell to $1.3M in 2022. In general, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 206% against the previous year. As a result, imports reached the peak of $3.6M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sheep and Goat Meat in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,158 | 1,330 | 1,423 | 961 | -6.0% |
| United States | N/A | 74.7 | 2.1 | 247 | 81.8% |
| United Arab Emirates | 31.5 | 380 | N/A | 69.0 | 29.9% |
| Others | N/A | 1,860 | 1.0 | 25.9 | -88.2% |
| Total | 1,189 | 3,644 | 1,426 | 1,303 | 3.1% |
Top Suppliers of Sheep and Goat Meat to Australia in 2022:
- New Zealand (204.6 tons)
- United States (40.5 tons)
- United Arab Emirates (9.8 tons)
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:
- 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
-
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
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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.
58
The exports of Goat Meat peaked at 40K tons in 2014, but from 2015 to 2023, they remained at a slightly lower level. In terms of value, Goat Meat exports dropped to $158M in 2023.
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The growth rate for Goat Meat was at its highest in February 2023 with a month-on-month increase of 98%. However, in January 2024, the value of goat meat exports plummeted to $11M.
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The price of Goat Meat, FOB Australia, declined by -3.7% to $4,743 per ton in May 2023 compared to the previous month.
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In December 2022, the price of lamb and sheep meat decreased by -4.2% to $5,767 per ton (FOB, Australia) compared to the previous month.
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In August 2022, the lamb and sheep meat price stood at $7,115 per ton (FOB, Australia), with a decrease of -1.6% against the previous month.
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