Madagascar: Goat Meat Market 2020

Goat Meat Market Size in Madagascar

The revenue of the goat meat market in Madagascar amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the goat meat market reached its maximum level in 2018 and is likely to continue its growth in the immediate term.

Goat Meat Production in Madagascar

In value terms, goat meat production stood at $X in 2018 estimated in export prices. In general, goat meat production continues to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when production volume increased by X% y-o-y. Madagascar goat meat production peaked in 2018 and is likely to continue its growth in the near future.

Goat Meat Exports

Exports by Country

Australia was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Ethiopia (X tons), Kenya (X tons) and China (X tons), together making up a 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) held a little 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. Australia (+X p.p.), Ethiopia (+X p.p.), Kenya (+X p.p.), Spain (+X p.p.) and Sudan (+X p.p.) significantly strengthened its position in terms of the global exports, while Pakistan and China saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest goat meat supplier from Madagascar, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($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 Madagascar amounted to $X per ton, approximately reflecting the previous year. In general, the goat meat export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for goat meat attained their maximum at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

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 by Country

The U.S. was the main importer of goat meat in the world, with the volume of imports recording X tons, which was approx. X% of total imports in 2018. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons), Taiwan, Chinese (X tons) and Canada (X tons), together making up a X% share of total imports. 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) held a relatively small share 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%), 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. From 2007 to 2018, the share of the U.S., the United Arab Emirates, South Korea, Canada, Portugal, Oman and Vietnam 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. ($X) constitutes the largest market for imported goat meat into Madagascar, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($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

In 2018, the goat meat import price in Madagascar amounted to $X per ton, leveling off at the previous year. In general, the goat meat import price continues to indicate a relatively flat trend pattern. Madagascar import price peaked in 2018 and is likely to continue its growth in the immediate term.

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.

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Source: IndexBox Platform