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Asia-Pacific - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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Asia-Pacific: Goat Meat Market Overview 2021

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Goat Meat Market Size in Asia-Pacific

In 2020, the Asia-Pacific goat meat market decreased by -X% to $X for the first time since 2014, thus ending a five-year rising trend. Over the period under review, consumption posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2019, and then declined in the following year.

Goat Meat Production in Asia-Pacific

In value terms, goat meat production reduced to $X in 2020 estimated in export prices. Overall, production showed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. The level of production peaked at $X in 2019, and then contracted modestly in the following year.

The country with the largest volume of goat meat production was China (X tonnes), accounting for X% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), ninefold. Pakistan (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China stood at +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (+X% per year).

In 2020, the average yield of goat meat in Asia-Pacific reduced modestly to X kg per head, almost unchanged from the previous year. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. Over the period under review, the goat meat yield hit record highs at X kg per head in 2018; however, from 2019 to 2020, the yield stood at a somewhat lower figure.

In 2020, number of animals slaughtered for goat meat production in Asia-Pacific was estimated at X heads, increasing by X% compared with the previous year. This number increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 when the number of producing animals increased by X% y-o-y. Over the period under review, this number attained the peak level in 2020 and is expected to retain growth in the immediate term.

Production By Country in Asia-Pacific

China (X tonnes) remains the largest goat meat producing country in Asia-Pacific, accounting for X% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), ninefold. Pakistan (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in China totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Pakistan (+X% per year).

Goat Meat Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded decline in shipments abroad of goat meat, which decreased by -X% to X tonnes in 2020. Over the period under review, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, goat meat exports declined significantly to $X in 2020. In general, exports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Australia represented the main exporter of goat meat in Asia-Pacific, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2020. India (X tonnes) ranks second in terms of the total exports with a X% share, followed by New Zealand (X%), China (X%) and Pakistan (X%).

From 2007 to 2020, average annual rates of growth with regard to goat meat exports from Australia stood at -X%. At the same time, India (+X%) and New Zealand (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, Pakistan (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India and New Zealand increased by +X% and +X% percentage points, while Pakistan (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Australia amounted to +X%. In the other countries, the average annual rates were as follows: China (-X% per year) and India (+X% per year).

Export Prices by Country

In 2020, the goat meat export price in Asia-Pacific amounted to $X per tonne, which is down by -X% against the previous year. Overall, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2010 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs at $X per tonne in 2019, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Goat Meat Imports

Imports in Asia-Pacific

Goat meat imports dropped remarkably to X tonnes in 2020, with a decrease of -X% compared with the previous year. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2015 to 2020, the growth imports failed to regain the momentum.

In value terms, goat meat imports fell to $X in 2020. Overall, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2015 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) was the main importer of goat meat in Asia-Pacific, with the volume of imports accounting for X tonnes, which was near X% of total imports in 2020. South Korea (X tonnes) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%), Japan (X%) and Sri Lanka (X%). China (X tonnes) and Macao SAR (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Sri Lanka, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2020, together comprising X% of total imports.

In terms of the main importing countries, South Korea recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The goat meat import price in Asia-Pacific stood at $X per tonne in 2020, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The level of import peaked in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while Sri Lanka ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for goat meat in Asia-Pacific?
+
China (4.8M tonnes) remains the largest goat meat consuming country in Asia-Pacific, accounting for 73% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (551K tonnes), ninefold. The third position in this ranking was occupied by Pakistan (518K tonnes), with a 7.9% share.
What are the largest producers of goat meat in Asia-Pacific?
+
China (4.8M tonnes) constituted the country with the largest volume of goat meat production, accounting for 73% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (555K tonnes), ninefold. The third position in this ranking was occupied by Pakistan (518K tonnes), with a 7.9% share.
What are the leading suppliers of goat meat in Asia-Pacific?
+
In value terms, Australia ($81M) remains the largest goat meat supplier in Asia-Pacific, comprising 67% of total exports. The second position in the ranking was occupied by China ($11M), with a 9.3% share of total exports. It was followed by India, with a 8.2% share.
What are the leading importers of goat meat in Asia-Pacific?
+
In value terms, the largest goat meat importing markets in Asia-Pacific were Taiwan (Chinese) ($11M), South Korea ($9.5M) and Hong Kong SAR ($8.2M), with a combined 77% share of total imports.
What is the average export price for goat meat in Asia-Pacific?
+
The goat meat export price in Asia-Pacific stood at $6,596 per tonne in 2020, declining by -8.1% against the previous year.
What is the average import price for goat meat in Asia-Pacific?
+
The goat meat import price in Asia-Pacific stood at $6,036 per tonne in 2020, increasing by 14% against the previous year.

Product coverage:
• FCL 1017 - Goat meat

This report provides an in-depth analysis of the goat meat market in Asia-Pacific. 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.


Country coverage:
• American Samoa
• Brunei Darussalam
• Cambodia
• China, Macao SAR
• Cook Islands
• Democratic People's Republic of Korea
• French Polynesia
• Guam
• Kiribati
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• Nauru
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan, Chinese
• Tokelau
• Tonga
• Tuvalu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• 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 2030
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. 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. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
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

• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan, Chinese
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Viet Nam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
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, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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