Asia-Pacific: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Asia-Pacific

The Asia-Pacific sheep and goat meat market expanded slightly to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Asia-Pacific

In value terms, sheep and goat meat production rose modestly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

China (X tons) constituted the country with the largest volume of sheep and goat meat production, comprising approx. X% of total volume. Moreover, sheep and 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.

From 2012 to 2021, the average annual growth rate 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).

In 2021, the average yield of sheep and goat meat in Asia-Pacific reduced modestly to X kg per head, shrinking by -X% against 2020 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. Over the period under review, the sheep and goat meat yield hit record highs at X kg per head in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure.

In 2021, the number of animals slaughtered for sheep and goat meat production in Asia-Pacific rose modestly to X heads, picking up by X% on 2020. This number increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the number of producing animals increased by X% against the previous year. The level of producing animals peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Sheep And Goat Meat

Exports in Asia-Pacific

In 2021, shipments abroad of sheep and goat meat increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt decrease. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sheep and goat meat exports skyrocketed to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was near X% of total exports in 2021. It was distantly followed by New Zealand (X tons), generating a X% share of total exports. The following exporters - China (X tons) and Pakistan (X tons) - each finished at a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sheep and goat meat exports from Australia stood at -X%. At the same time, New Zealand (+X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2012-2021. By contrast, China (-X%) and Pakistan (-X%) illustrated a downward trend over the same period. While the share of Australia (+X p.p.) and New Zealand (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-X p.p.) and Pakistan (-X p.p.) displayed negative dynamics.

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

From 2012 to 2021, the average annual growth rate of value in Australia stood at +X%. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and China (-X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, approximately mirroring the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep and goat meat export price decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports in Asia-Pacific

Sheep and goat meat imports fell to X tons in 2021, therefore, remained relatively stable against the previous year. In general, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, sheep and goat meat imports declined modestly to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons), distantly followed by South Korea (X tons), Hong Kong SAR (X tons), Sri Lanka (X tons), Japan (X tons) and Macao SAR (X tons) were the key importers of sheep and goat meat, together creating X% of total imports. Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Sri Lanka (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat importing markets in Asia-Pacific were Taiwan (Chinese) ($X), South Korea ($X) and Hong Kong SAR ($X), together comprising X% of total imports. These countries were followed by Japan, Macao SAR, Sri Lanka and Pakistan, which together accounted for a further X the main importing countries, Pakistan, with a CAGR of +X%, saw 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, remaining constant against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by the country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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