Australia and Oceania: Goat Meat Market 2024

Goat Meat Market Size in Australia and Oceania

The goat meat market in Australia and Oceania reduced sharply to $X in 2022, dropping by X% against the previous year. Overall, consumption recorded a pronounced contraction. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Goat Meat Production in Australia and Oceania

In value terms, goat meat production shrank modestly to $X in 2022 estimated in export price. The total production indicated a noticeable expansion 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The country with the largest volume of goat meat production was Australia (X tons), comprising approx. X% of total volume. Moreover, goat meat production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), more than tenfold.

In Australia, goat meat production contracted by an average annual rate of X% over the period from 2012-2022.

The average goat meat yield dropped significantly to X kg per head in 2022, declining by X% on the year before. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2021 to 2022, the growth of the goat meat yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for goat meat production in Australia and Oceania; leveling off at 2021. Overall, the number of producing animals, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2013 when the number of producing animals increased by X%. Over the period under review, this number reached the maximum level at X heads in 2016; however, from 2017 to 2022, producing animals failed to regain momentum.

Goat Meat Exports

Exports in Australia and Oceania

In 2022, the amount of goat meat exported in Australia and Oceania rose remarkably to X tons, surging by X% on the year before. In general, exports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, goat meat exports fell to $X in 2022. Total exports indicated a perceptible expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to goat meat exports from Australia stood at X%. New Zealand experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated a strong increase 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 2012 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced 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 amounted to $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 Australia and Oceania

In 2022, overseas purchases of goat meat increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, goat meat imports soared to $X in 2022. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Fiji (X tons) was the major importer of goat meat, constituting X% of total imports. New Zealand (X tons) ranks second in terms of the total imports with a X% share, followed by Australia (X%) and Samoa (X%). Papua New Guinea (X tons) took a minor share of total imports.

Imports into Fiji increased at an average annual rate of X% from 2012 to 2022. At the same time, Australia (X%), New Zealand (X%), Samoa (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of New Zealand, Samoa and Australia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Fiji ($X) constitutes the largest market for imported goat meat in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Fiji totaled X%. In the other countries, the average annual rates were as follows: Australia (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, remaining constant against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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