Malaysia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Malaysia

The Malaysian sheep and goat meat market surged to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Sheep And Goat Meat in Malaysia

In value terms, sheep and goat meat production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight decrease. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

In 2022, the average sheep and goat meat yield in Malaysia rose modestly to X kg per head, increasing by X% on the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the average sheep and goat meat yield hit record highs at X kg per head in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure.

In 2022, number of animals slaughtered for sheep and goat meat production in Malaysia amounted to X heads, stabilizing at 2021 figures. Over the period under review, the number of producing animals, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X%. The number of animals slaughtered for sheep and 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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Exports of Sheep And Goat Meat

Exports from Malaysia

In 2022, approx. X tons of sheep and goat meat were exported from Malaysia; jumping by X% on 2021. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sheep and goat meat exports soared to $X in 2022. Over the period under review, exports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X tons), China (X tons) and Sweden (X tons) were the main destinations of sheep and goat meat exports from Malaysia, with a combined X% share of total exports. New Zealand, Cambodia and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sweden ($X) and New Zealand ($X) were the largest markets for sheep and goat meat exported from Malaysia worldwide, together comprising X% of total exports.

New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Malaysia

Sheep and goat meat imports into Malaysia soared to X tons in 2022, surging by X% on 2021 figures. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sheep and goat meat to Malaysia, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at X%.

In value terms, Australia ($X) constituted the largest supplier of sheep and goat meat to Malaysia, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia totaled X%.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a notable expansion 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. Based on 2022 figures, sheep and goat meat import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Source: IndexBox Platform

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