Australia and Oceania: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Australia and Oceania

The sheep and goat meat market in Australia and Oceania rose markedly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Sheep And Goat Meat in Australia and Oceania

In value terms, sheep and goat meat production reduced slightly to $X in 2022 estimated in export price. The total output 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. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Australia (X tons) and New Zealand (X tons).

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Australia (with a CAGR of X%).

In 2022, the average yield of sheep and goat meat in Australia and Oceania declined slightly to X kg per head, waning by X% on 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the sheep and goat meat yield hit record highs at X kg per head in 2021, and then fell in the following year.

In 2022, number of animals slaughtered for sheep and goat meat production in Australia and Oceania expanded modestly to X heads, picking up by X% compared with the previous year's figure. In general, the number of producing animals recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2014; however, from 2015 to 2022, producing animals failed to regain momentum.

Exports of Sheep And Goat Meat

Exports in Australia and Oceania

In 2022, the amount of sheep and goat meat exported in Australia and Oceania dropped slightly to X tons, standing approx. at 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports fell to $X in 2022. Total exports indicated a notable 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted modestly in the following year.

Exports by Country

The biggest shipments were from Australia (X tons) and New Zealand (X tons), together accounting for X% of total export.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%).

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2022.

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

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

Imports of Sheep And Goat Meat

Imports in Australia and Oceania

Sheep and goat meat imports expanded to X tons in 2022, with an increase of X% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, sheep and goat meat imports expanded significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Papua New Guinea represented the major importer of sheep and goat meat in Australia and Oceania, with the volume of imports recording X tons, which was near X% of total imports in 2022. Fiji (X tons) held the second position in the ranking, distantly followed by New Zealand (X tons) and Tonga (X tons). All these countries together held near X% share of total imports. Samoa (X tons), French Polynesia (X tons) and American Samoa (X tons) followed a long way behind the leaders.

Imports into Papua New Guinea decreased at an average annual rate of X% from 2012 to 2022. At the same time, American Samoa (X%), Tonga (X%) and Fiji (X%) displayed positive paces of growth. Moreover, American Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand and French Polynesia experienced a relatively flat trend pattern. By contrast, Samoa (X%) illustrated a downward trend over the same period. While the share of Fiji (X p.p.) and Tonga (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Samoa (X p.p.) and Papua New Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sheep and goat meat importing markets in Australia and Oceania were Papua New Guinea ($X), Fiji ($X) and New Zealand ($X), together accounting for X% of total imports. French Polynesia, Tonga, Samoa and American Samoa lagged somewhat behind, together comprising a further X%.

American Samoa, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 French Polynesia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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