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Latin America and the Caribbean - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Goat Meat Market Overview 2021

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Goat Meat Market Size in Latin America and the Caribbean

The Latin American goat meat market stood at $X in 2020, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Goat Meat Production in Latin America and the Caribbean

In value terms, goat meat production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, production hit record highs in 2020 and is likely to continue growth in years to come.

The countries with the highest volumes of goat meat production in 2020 were Mexico (X tonnes), Brazil (X tonnes) and Argentina (X tonnes), together accounting for X% of total production. These countries were followed by Bolivia, Haiti, Venezuela, Colombia and Chile, which together accounted for a further X 2007 to 2020, the biggest increases were in Bolivia, while goat meat production for the other leaders experienced more modest paces of growth.

The average goat meat yield amounted to X kg per head in 2020, flattening at the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by X% y-o-y. The level of yield peaked at X kg per head in 2017; afterwards, it flattened through to 2020.

In 2020, number of animals slaughtered for goat meat production in Latin America and the Caribbean fell to X heads, approximately reflecting 2019 figures. Over the period under review, the number of producing animals recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2007; however, from 2008 to 2020, producing animals remained at a lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of goat meat production in 2020 were Mexico (X tonnes), Brazil (X tonnes) and Argentina (X tonnes), together comprising X% of total production. Bolivia, Haiti, Venezuela, Colombia and Chile lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Bolivia, while goat meat production for the other leaders experienced more modest paces of growth.

Goat Meat Exports

Exports in Latin America and the Caribbean

In 2020, approx. X tonnes of goat meat were exported in Latin America and the Caribbean; jumping by X% compared with 2019. Overall, exports posted prominent growth. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. The volume of export peaked in 2020 and is likely to see steady growth in the immediate term.

In value terms, goat meat exports skyrocketed to $X in 2020. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

Exports by Country

Mexico was the largest exporter of goat meat in Latin America and the Caribbean, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2020. Argentina (X tonnes) occupied the second position in the ranking, distantly followed by Brazil (X tonnes). All these countries together held near X% share of total exports. Chile (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to goat meat exports from Mexico stood at +X%. At the same time, Chile (+X%), Brazil (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Mexico (+X p.p.) and Chile (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Brazil (-X p.p.) and Argentina (-X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest goat meat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Mexico, goat meat exports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Brazil (+X% per year).

Export Prices by Country

The goat meat export price in Latin America and the Caribbean stood at $X per tonne in 2020, with an increase of X% against the previous year. Export price indicated a resilient increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, goat meat export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the export price figures.

Goat Meat Imports

Imports in Latin America and the Caribbean

In 2020, imports of goat meat in Latin America and the Caribbean contracted to X tonnes, with a decrease of -X% on 2019. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. The volume of import peaked at X tonnes in 2009; however, from 2010 to 2020, imports remained at a lower figure.

In value terms, goat meat imports rose modestly to $X in 2020. Total imports indicated a remarkable increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The level of import peaked at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Trinidad and Tobago dominates goat meat imports structure, reaching X tonnes, which was approx. X% of total imports in 2020. Cayman Islands (X tonnes) ranks second in terms of the total imports with a X% share, followed by Mexico (X%). Antigua and Barbuda (X tonnes), Jamaica (X tonnes) and Curacao (X tonnes) took a minor share of total imports.

Trinidad and Tobago experienced a relatively flat trend pattern with regard to volume of imports of goat meat. At the same time, Antigua and Barbuda (+X%), Mexico (+X%) and Cayman Islands (+X%) displayed positive paces of growth. Moreover, Antigua and Barbuda emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Jamaica (-X%) and Curacao (-X%) illustrated a downward trend over the same period. While the share of Trinidad and Tobago (+X p.p.), Mexico (+X p.p.), Cayman Islands (+X p.p.) and Antigua and Barbuda (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Jamaica (-X p.p.) and Curacao (-X p.p.) displayed negative dynamics.

In value terms, Trinidad and Tobago ($X) constitutes the largest market for imported goat meat in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Cayman Islands ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

In Trinidad and Tobago, goat meat imports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Cayman Islands (+X% per year) and Mexico (+X% per year).

Import Prices by Country

The goat meat import price in Latin America and the Caribbean stood at $X per tonne in 2020, surging by X% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Trinidad and Tobago ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for goat meat in LatAmerica and the Caribbean?
+
The countries with the highest volumes of goat meat consumption in 2020 were Mexico (39K tonnes), Brazil (36K tonnes) and Bolivia (7.7K tonnes), together comprising 64% of total consumption.
What are the largest producers of goat meat in LatAmerica and the Caribbean?
+
The countries with the highest volumes of goat meat production in 2020 were Mexico (40K tonnes), Brazil (37K tonnes) and Argentina (7.8K tonnes), together accounting for 65% of total production. These countries were followed by Bolivia, Haiti, Venezuela, Colombia and Chile, which together accounted for a further 25%.
What are the leading exporters of goat meat in LatAmerica and the Caribbean?
+
In value terms, Mexico ($3.3M) remains the largest goat meat supplier in Latin America and the Caribbean, comprising 82% of total exports. The second position in the ranking was occupied by Argentina ($378K), with a 9.3% share of total exports. It was followed by Brazil, with a 5.3% share.
What are the leading importers of goat meat in LatAmerica and the Caribbean?
+
In value terms, Trinidad and Tobago ($9.5M) constitutes the largest market for imported goat meat in Latin America and the Caribbean, comprising 86% of total imports. The second position in the ranking was occupied by Cayman Islands ($318K), with a 2.9% share of total imports. It was followed by Mexico, with a 1.6% share.
What is the average export price for goat meat in LatAmerica and the Caribbean?
+
The goat meat export price in Latin America and the Caribbean stood at $5,487 per tonne in 2020, surging by 6.2% against the previous year.
What is the average import price for goat meat in LatAmerica and the Caribbean?
+
The goat meat import price in Latin America and the Caribbean stood at $6,768 per tonne in 2020, picking up by 11% against the previous year.

Product coverage:
• FCL 1017 - Goat meat

This report provides an in-depth analysis of the goat meat market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Barbados
• Belize
• Bermuda
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Martinique
• Montserrat
• Nicaragua
• Panama
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Producing Animals, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Producing Animals, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Producing Animals, By Country, 2020
Figure 24:
Producing Animals, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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