Djibouti: Goat Meat Market Overview 2020

Goat Meat Market Size in Djibouti

The revenue of the goat meat market in Djibouti amounted to $X in 2018, leveling off at the previous year. Over the period under review, the total market indicated a tangible 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 consumption decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, the goat meat market attained its peak figure level at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Goat Meat Production in Djibouti

In value terms, goat meat production stood at $X in 2018 estimated in export prices. Overall, goat meat production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Djibouti goat meat production peaked at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Goat Meat Exports

Exports from Djibouti

Goat meat exports from Djibouti amounted to X tonnes in 2018, growing by X% against the previous year. Overall, goat meat exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Djibouti exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, goat meat exports stood at $X in 2018. In general, goat meat exports continue to indicate skyrocketing growth. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Djibouti exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Australia represented the key exporter of goat meat in the world, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2018. It was distantly followed by Ethiopia (X tonnes), Kenya (X tonnes) and China (X tonnes), together creating a X% share of total exports. The following exporters - Spain (X tonnes), France (X tonnes), Tanzania (X tonnes), Sudan (X tonnes), Pakistan (X tonnes), Greece (X tonnes) and New Zealand (X tonnes) - 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. 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 ($X) remains the largest goat meat supplier from Djibouti, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Australia stood at +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 Djibouti amounted to $X per tonne, stabilizing at the previous year. Overall, the goat meat export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when the export price increased by X% year-to-year. Over the period under review, the export prices for goat meat attained their peak figure at $X per tonne in 2016; afterwards, it flattened through to 2018.

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

Goat meat imports into Djibouti amounted to X tonnes in 2018, reducing by -X% against the previous year. Over the period under review, goat meat imports continue to indicate a deep drop. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, goat meat imports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, goat meat imports amounted to $X in 2018. In general, goat meat imports continue to indicate a dramatic deduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Djibouti imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tonnes) represented the largest importer of goat meat, constituting X% of total imports. It was distantly followed by the United Arab Emirates (X tonnes), Oman (X tonnes), Taiwan, Chinese (X tonnes) and Canada (X tonnes), together comprising a X% share of total imports. 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) followed a long way behind the leaders.

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. 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 Viet Nam (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Djibouti, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($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 Djibouti stood at $X per tonne in 2018, approximately mirroring the previous year. In general, the goat meat import price, however, continues to indicate a measured deduction. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, the import prices for goat meat attained their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

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