Nepal: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Nepal

The Nepalese sheep and goat meat market reached $X in 2022, approximately mirroring the previous year. The market 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 in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Nepal

In value terms, sheep and goat meat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of sheep and goat meat in Nepal expanded notably to X kg per head in 2022, growing by X% compared with 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The sheep and goat meat yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure.

The number of animals slaughtered for sheep and goat meat production in Nepal reduced to X heads in 2022, shrinking by X% compared with 2021. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2021, and then fell slightly in the following year.

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Exports of Sheep And Goat Meat

Exports from Nepal

In 2014, exports of sheep and goat meat from Nepal surged to X kg, picking up by X% against the year before. Overall, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat exports shrank dramatically to $X in 2014. The total export value increased at an average annual rate of X% from 2012 to 2014; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Norway (X kg) was the main destination for sheep and goat meat exports from Nepal, with a X% share of total exports. Moreover, sheep and goat meat exports to Norway exceeded the volume sent to the second major destination, the United States (X kg), sixfold.

From 2012 to 2014, the average annual rate of growth in terms of volume to Norway was relatively modest.

In value terms, Norway ($X) and the United States ($X) appeared to be the largest markets for sheep and goat meat exported from Nepal worldwide.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2014, the average sheep and goat meat export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2014, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Norway totaled $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Imports of Sheep And Goat Meat

Imports into Nepal

In 2022, purchases abroad of sheep and goat meat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep reduction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tons), India (X tons) and China (X kg) were the main suppliers of sheep and goat meat imports to Nepal.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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