Malaysia: Goat Meat Market 2024

Goat Meat Market Size in Malaysia

For the tenth year in a row, the Malaysian goat meat market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption, however, showed a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Goat Meat Production in Malaysia

In value terms, goat meat production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average goat meat yield in Malaysia rose notably to X kg per head, with an increase of X% on 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the yield attained the peak level of X kg per head. From 2020 to 2022, the growth of the average goat meat yield remained at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for goat meat production in Malaysia; which is down by X% on 2021. In general, the number of producing animals showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for goat meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

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Goat Meat Exports

Exports from Malaysia

In 2022, the amount of goat meat exported from Malaysia amounted to X tons, remaining relatively unchanged against the previous year's figure. Over the period under review, exports saw significant growth. The smallest decline of X% was in 2019. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, goat meat exports amounted to $X in 2022. In general, exports continue to indicate significant growth. The smallest decline of X% was in 2019. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X tons) and Sweden (X tons) were the main destinations of goat meat exports from Malaysia.

From 2018 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%).

In value terms, China ($X) and Sweden ($X) appeared to be the largest markets for goat meat exported from Malaysia worldwide.

In terms of the main countries of destination, Sweden, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average goat meat export price amounted to $X per ton, leveling off at the previous year. In general, the export price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2019 a decrease of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to China stood at $X per ton.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Goat Meat Imports

Imports into Malaysia

In 2022, approx. X tons of goat meat were imported into Malaysia; rising by X% against 2021. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, goat meat imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X tons), New Zealand (X tons) and Australia (X tons) were the main suppliers of goat meat imports to Malaysia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by New Zealand (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, New Zealand ($X), Australia ($X) and Hong Kong SAR ($X) appeared to be the largest goat meat suppliers to Malaysia.

New Zealand, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average goat meat import price amounted to $X per ton, shrinking by X% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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