Bhutan: Goat Meat Market 2020

Goat Meat Market Size in Bhutan

The revenue of the goat meat market in Bhutan amounted to $X in 2018, surging by X% against the previous year. Overall, the total market indicated remarkable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Bhutan goat meat consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Goat Meat Production in Bhutan

In value terms, goat meat production stood at $X in 2018 estimated in export prices. Overall, goat meat production continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 when production volume increased by X% year-to-year. Bhutan goat meat production peaked in 2018 and is likely to see steady growth in the near future.

Goat Meat Exports

Exports by Country

In 2018, Australia (X tons) represented the major exporter of goat meat, mixing up X% of total exports. Ethiopia (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Kenya (X%) and China (X%). The following exporters - Spain (X tons), France (X tons), Tanzania (X tons), Sudan (X tons), Pakistan (X tons), Greece (X tons) and New Zealand (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to goat meat exports from Australia stood at +X%. At the same time, Spain (+X%), Sudan (+X%), Kenya (+X%), Greece (+X%), Ethiopia (+X%), New Zealand (+X%) and Tanzania (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. By contrast, Pakistan (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia, Ethiopia, Kenya, Spain and Sudan increased by +X%, +X%, +X%, +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 ($X) remains the largest goat meat supplier from Bhutan, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Australia, goat meat exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the goat meat export price in Bhutan amounted to $X per ton, remaining stable against the previous year. In general, the goat meat export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2007 to 2018, 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 into Bhutan

Goat meat imports into Bhutan amounted to X tons in 2018, lowering by -X% against the previous year. In general, goat meat imports continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. In that year, goat meat imports attained their peak of X tons. From 2009 to 2018, the growth of goat meat imports failed to regain its momentum.

In value terms, goat meat imports amounted to $X in 2018. Over the period under review, goat meat imports continue to indicate an abrupt slump. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. In that year, goat meat imports reached their peak of $X. From 2009 to 2018, the growth of goat meat imports remained at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons) was the major importer of goat meat, generating X% of total imports. The United Arab Emirates (X tons) took the second position in the ranking, followed by Oman (X tons), Taiwan, Chinese (X tons) and Canada (X tons). All these countries together occupied near X% share of total imports. Portugal (X tons), South Korea (X tons), Saudi Arabia (X tons), China, Hong Kong SAR (X tons), Vietnam (X tons), Trinidad and Tobago (X tons) and Italy (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Vietnam (+X%), Portugal (+X%), Canada (+X%), the United Arab Emirates (+X%), Oman (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. China, Hong Kong SAR, Taiwan, Chinese and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., the United Arab Emirates, South Korea, Canada, Portugal, Oman and Vietnam increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Bhutan, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the goat meat import price in Bhutan amounted to $X per ton, waning by -X% against the previous year. In general, the goat meat import price continues to indicate a moderate setback. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, the import prices for goat meat reached their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform