MENA: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in MENA

The MENA's sheep and goat meat market amounted to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Sheep And Goat Meat in MENA

In value terms, sheep and goat meat production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Algeria (X tons) and Iran (X tons), together comprising X% of total production.

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

The average sheep and goat meat yield fell modestly to X kg per head in 2022, remaining constant against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by X% against the previous year. Over the period under review, the sheep and goat meat yield reached the maximum level at X kg per head in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in MENA; reducing by X% against the previous year's figure. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the amount of producing animals reached the peak level of X heads, and then reduced slightly in the following year.

Exports of Sheep And Goat Meat

Exports in MENA

In 2022, after three years of decline, there was significant growth in overseas shipments of sheep and goat meat, when their volume increased by X% to X tons. In general, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports skyrocketed to $X in 2022. Total exports indicated a strong 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of sheep and goat meat, creating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports. The following exporters - Oman (X tons), Saudi Arabia (X tons), Lebanon (X tons) and Iran (X tons) - together made up X% of total exports.

Turkey was also the fastest-growing in terms of the sheep and goat meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Lebanon (X%), Oman (X%), Iran (X%) and the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, the United Arab Emirates, Lebanon, Oman and Iran increased by X, X, X, X and X percentage points, respectively.

In value terms, Turkey ($X) emerged as the largest sheep and goat meat supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

In Turkey, sheep and goat meat exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a resilient 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 export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports in MENA

After three years of decline, supplies from abroad of sheep and goat meat increased by X% to X tons in 2022. Over the period under review, imports, however, recorded a slight downturn. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the key importer of sheep and goat meat, making up X% of total imports. Qatar (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons), Kuwait (X tons), Jordan (X tons), Oman (X tons), Iran (X tons) and Bahrain (X tons). All these countries together took approx. X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Oman and Qatar experienced a relatively flat trend pattern. By contrast, Bahrain (X%), Jordan (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Jordan (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sheep and goat meat in MENA, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, sheep and goat meat imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :