Kuwait: Goat Meat Market Overview 2021

Goat Meat Market Size in Kuwait

In 2019, after two years of decline, there was significant growth in the Kuwaiti goat meat market, when its value increased by X% to $X. Over the period under review, the total consumption indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Goat Meat Production in Kuwait

In value terms, goat meat production skyrocketed to $X in 2019 estimated in export prices. Overall, production recorded prominent growth. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2019, production stood at a somewhat lower figure.

In 2019, the average yield of goat meat in Kuwait shrank modestly to X kg per head, which is down by -X% against 2018. Over the period under review, the yield saw a noticeable descent. The most prominent rate of growth was recorded in 2010 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 2011 to 2019, the growth of the average goat meat yield remained at a lower figure.

The number of animals slaughtered for goat meat production in Kuwait totaled X heads in 2019, growing by X% on the previous year. In general, the total number of producing animals indicated resilient growth from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, number of animals slaughtered for goat meat production increased by +X% against 2012 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, this number attained the maximum level in 2019 and is expected to retain growth in the near future.

Goat Meat Exports

Exports from Kuwait

In 2019, approx. X tonnes of goat meat were exported from Kuwait; increasing by X% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, goat meat exports skyrocketed to $X in 2019. Over the period under review, exports, however, continue to indicate a strong expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tonnes) was the main destination for goat meat exports from Kuwait, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Iraq totaled +X%.

From 2007 to 2019, the average annual growth rate of value to Iraq stood at +X%.

Export Prices by Country

In 2019, the average goat meat export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price saw a resilient increase. Over the period under review, average export prices attained the peak figure at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2007 to 2019, the rate of growth in terms of prices for Iraq amounted to +X% per year.

Goat Meat Imports

Imports into Kuwait

In 2019, goat meat imports into Kuwait skyrocketed to X tonnes, growing by X% against the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked at X tonnes in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, goat meat imports soared to $X in 2019. Overall, imports, however, showed a slight increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, the United Arab Emirates (X tonnes) constituted the largest supplier of goat meat to Kuwait, with a X% share of total imports. Moreover, goat meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Kenya (X tonnes), threefold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+X% per year) and Australia (+X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of goat meat to Kuwait, comprising X% of total imports. The second position in the ranking was occupied by Kenya ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the United Arab Emirates stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+X% per year) and Australia (-X% per year).

Import Prices by Country

In 2019, the average goat meat import price amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the import price enjoyed a mild increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Kenya, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for goat meat in the world?

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China (2.4M tonnes) remains the largest goat meat consuming country worldwide, accounting for 39% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (498K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (352K tonnes), with a 5.8% share.

What are the largest producers of goat meat in the world?

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The country with the largest volume of goat meat production was China (2.4M tonnes), comprising approx. 39% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (502K tonnes), fivefold. Pakistan (353K tonnes) ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of goat meat to Kuwait?

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In value terms, the United Arab Emirates ($533K) constituted the largest supplier of goat meat to Kuwait, comprising 57% of total imports. The second position in the ranking was occupied by Kenya ($216K), with a 23% share of total imports. It was followed by Australia, with a 9.7% share.

What is the average export price for goat meat in Kuwait?

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The average goat meat export price stood at $6,322 per tonne in 2019, picking up by 182% against the previous year.

What is the average import price for goat meat in Kuwait?

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In 2019, the average goat meat import price amounted to $5,458 per tonne, with an increase of 53% against the previous year.