Fiji: Goat Meat Market 2020

Goat Meat Market Size in Fiji

The revenue of the goat meat market in Fiji amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, goat meat consumption continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 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 near future.

Goat Meat Production in Fiji

In value terms, goat meat production stood at $X in 2018 estimated in export prices. Overall, goat meat production, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2016 when production volume increased by X% y-o-y. Over the period under review, goat meat production attained its peak figure level at $X in 2017, and then declined slightly in the following year.

Goat Meat Exports

Exports by Country

In 2018, Australia (X tons) represented the main exporter of goat meat, constituting X% of total exports. Ethiopia (X tons) held the second position in the ranking, followed by Kenya (X tons) and China (X tons). All these countries together took approx. X% share of total exports. Spain (X tons), France (X tons), Tanzania (X tons), Sudan (X tons), Pakistan (X tons), Greece (X tons) and New Zealand (X tons) followed a long way behind the leaders.

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 ($X) remains the largest goat meat supplier from Fiji, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($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 amounted to +X%. In the other countries, the average annual rates were as follows: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

The goat meat export price in Fiji stood at $X per ton in 2018, remaining stable against the previous year. Overall, the goat meat export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for goat meat reached their maximum at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

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 Fiji

In 2018, the goat meat imports into Fiji totaled X tons, picking up by X% against the previous year. Over the period under review, goat meat imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, goat meat imports attained their maximum at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, goat meat imports stood at $X in 2018. In general, goat meat imports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. In that year, goat meat imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. represented the key importing country with an import of around X tons, which resulted at X% of total imports. The United Arab Emirates (X tons) took a X% share (based on tons) of total imports, which put it in second place, 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) 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. 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.) 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. ($X) constitutes the largest market for imported goat meat into Fiji, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($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 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: 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 Fiji amounted to $X per ton, falling by -X% against the previous year. In general, the goat meat import price, however, continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. In that year, the import prices for goat meat reached their peak level of $X per ton, and then declined slightly 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.

Source: IndexBox Platform