Democratic Republic of the Congo: Goat Meat Market Overview 2020

Goat Meat Market Size in Democratic Republic of the Congo

The revenue of the goat meat market in Democratic Republic of the Congo amounted to $X in 2018, going up by X% against the previous year. Overall, the total market indicated a buoyant increase 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 2013 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Democratic Republic of the Congo goat meat consumption peaked in 2018 and is likely to see steady growth in the near future.

Goat Meat Production in Democratic Republic of the Congo

In value terms, goat meat production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong expansion from 2007 to 2018: its value decreased 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 production increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, goat meat production reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

Goat Meat Exports

Exports by Country

In 2018, Australia (X tonnes) was the main exporter of goat meat, creating X% of total exports. Ethiopia (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Kenya (X%) and China (X%). Spain (X tonnes), France (X tonnes), Tanzania (X tonnes), Sudan (X tonnes), Pakistan (X tonnes), Greece (X tonnes) and New Zealand (X tonnes) held a relatively small share of total exports.

Exports from Australia increased at an average annual rate of +X% from 2007 to 2018. 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. While the share of Australia (+X p.p.), Ethiopia (+X p.p.), Kenya (+X p.p.), Spain (+X p.p.) and Sudan (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Pakistan (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, goat meat exports increased 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 Democratic Republic of the Congo amounted to $X per tonne, therefore, remained relatively stable against the previous year. In general, the goat meat export price continues to indicate a relatively flat trend pattern. In that year, the export prices for goat meat attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the export prices for goat meat remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while Tanzania ($X per tonne) 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 Democratic Republic of the Congo

In 2018, the amount of goat meat imported into Democratic Republic of the Congo totaled X tonnes, jumping by X% against the previous year. Overall, goat meat imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. Democratic Republic of the Congo imports peaked at X tonnes in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

In value terms, goat meat imports totaled $X in 2018. In general, goat meat imports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Democratic Republic of the Congo imports peaked at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) was the key importer of goat meat, creating X% of total imports. The United Arab Emirates (X tonnes) ranks second in terms of the total imports with a X% share, followed by Oman (X%), Taiwan, Chinese (X%) and Canada (X%). The following importers - Portugal (X tonnes), South Korea (X tonnes), Saudi Arabia (X tonnes), China, Hong Kong SAR (X tonnes), Viet Nam (X tonnes), Trinidad and Tobago (X tonnes) and Italy (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to goat meat imports into the U.S. stood at +X%. At the same time, South Korea (+X%), Viet Nam (+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 Viet Nam 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. ($X) constitutes the largest market for imported goat meat into Democratic Republic of the Congo, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

In the U.S., goat meat imports increased at an average annual rate of +X% over the period from 2007-2018. 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 Democratic Republic of the Congo stood at $X per tonne in 2018, waning by -X% against the previous year. Over the period under review, the goat meat import price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the import prices for goat meat attained their peak figure at $X per tonne in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

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 ($X per tonne), while Viet Nam ($X per tonne) 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.

Source: IndexBox AI Platform