Chile: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Chile

In 2022, after three years of decline, there was significant growth in the Chilean sheep and goat meat market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a perceptible decline. Sheep and goat meat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Chile

In value terms, sheep and goat meat production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Sheep and goat meat production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

In 2022, the average yield of sheep and goat meat in Chile stood at X kg per head, remaining constant against the year before. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 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 2019 to 2022, the growth of the average sheep and goat meat yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in Chile; picking up by X% against 2021 figures. Over the period under review, the number of producing animals, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by X% against the previous year. As a result, the amount of animals produced attained the peak level of X heads. From 2015 to 2022, the growth of this number failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Chile

In 2022, overseas shipments of sheep and goat meat decreased by X% to X tons, falling for the second consecutive year after four years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports rose remarkably to $X in 2022. Overall, total exports indicated measured growth 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 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons), the United States (X tons) and Brazil (X tons) were the main destinations of sheep and goat meat exports from Chile, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest markets for sheep and goat meat exported from Chile worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Chile

Sheep and goat meat imports into Chile shrank rapidly to X tons in 2022, which is down by X% against 2021. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sheep and goat meat imports contracted notably to $X in 2022. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

Denmark (X tons), Argentina (X tons) and China (X tons) were the main suppliers of sheep and goat meat imports to Chile, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of sheep and goat meat to Chile, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average sheep and goat meat import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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