Chad: Goat Meat Market 2020

Goat Meat Market Size in Chad

The revenue of the goat meat market in Chad amounted to $X in 2018, increasing by X% against the previous year. In general, the total market indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. 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 2007 indices. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the goat meat market reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

Goat Meat Production in Chad

In value terms, goat meat production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated strong 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 production increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2010 when production volume increased by X% year-to-year. Over the period under review, goat meat production attained its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Goat Meat Exports

Exports by Country

Australia represented the largest exporter of goat meat in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2018. It was distantly followed by Ethiopia (X tons), Kenya (X tons) and China (X tons), together mixing up a X% share of total exports. 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. Australia (+X p.p.), Ethiopia (+X p.p.), Kenya (+X p.p.), Spain (+X p.p.) and Sudan (+X p.p.) significantly strengthened its position in terms of the global exports, while Pakistan and China saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest goat meat supplier from Chad, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Australia totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the goat meat export price in Chad amounted to $X per ton, flattening at the previous year. Over the period under review, the goat meat export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; 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 Chad

Goat meat imports into Chad stood at X kg in 2018, declining by -X% against the previous year. Overall, goat meat imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. In that year, goat meat imports reached their peak of X tons. From 2014 to 2018, the growth of goat meat imports remained at a lower figure.

In value terms, goat meat imports totaled $X in 2018. In general, goat meat imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. In that year, goat meat imports reached their peak of $X. From 2014 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 largest importer of goat meat, generating X% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%), Taiwan, Chinese (X%) and Canada (X%). 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) took a little share of total imports.

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. While the share of the U.S. (+X p.p.), the United Arab Emirates (+X p.p.), South Korea (+X p.p.), Canada (+X p.p.), Portugal (+X p.p.), Oman (+X p.p.) and Vietnam (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Chad, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($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. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

The goat meat import price in Chad stood at $X per ton in 2018, therefore, remained relatively stable against the previous year. Overall, the goat meat import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. Over the period under review, the import prices for goat meat reached their maximum at $X per ton in 2017, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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