Asia-Pacific: Goat Meat Market 2024

Goat Meat Market Size in Asia-Pacific

After five years of growth, the Asia-Pacific goat meat market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Goat Meat Production in Asia-Pacific

In value terms, goat meat production rose to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

China (X tons) constituted the country with the largest volume of goat meat production, accounting for X% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. The third position in this ranking was taken by Pakistan (X tons), with a X% share.

In China, goat meat production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

In 2022, the average goat meat yield in Asia-Pacific reduced slightly to X kg per head, shrinking by X% compared with 2021. Over the period under review, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of yield peaked at X kg per head in 2021, and then contracted modestly in the following year.

In 2022, the number of animals slaughtered for goat meat production in Asia-Pacific fell to X heads, approximately equating the year before. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2021, and then fell modestly in the following year.

Goat Meat Exports

Exports in Asia-Pacific

In 2022, shipments abroad of goat meat increased by X% to X tons, rising for the second year in a row after six years of decline. In general, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, goat meat exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. New Zealand (X tons) held a relatively small share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. Australia (X p.p.) and New Zealand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest goat meat supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, goat meat export price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Goat Meat Imports

Imports in Asia-Pacific

In 2022, the amount of goat meat imported in Asia-Pacific expanded notably to X tons, growing by X% compared with the previous year. Over the period under review, imports, however, showed a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, goat meat imports surged to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Korea (X tons), distantly followed by Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Japan (X tons) represented the largest importers of goat meat, together creating X% of total imports. China (X tons), Sri Lanka (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported goat meat in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea stood at X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, goat meat import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked 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 Hong Kong SAR ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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