New Zealand: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in New Zealand

The New Zealand sheep and goat meat market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat in New Zealand

In value terms, sheep and goat meat production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sheep and goat meat in New Zealand shrank modestly to X kg per head, almost unchanged from the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. The sheep and goat meat yield peaked at X kg per head in 2021, and then fell in the following year.

In 2022, the number of animals slaughtered for sheep and goat meat production in New Zealand was estimated at X heads, therefore, remained relatively stable against 2021. Overall, the number of producing animals, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2015; however, from 2016 to 2022, producing animals failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from New Zealand

In 2022, overseas shipments of sheep and goat meat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports 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 dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

China (X tons) was the main destination for sheep and goat meat exports from New Zealand, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to China exceeded the volume sent to the second major destination, the UK (X tons), sixfold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United States (X% per year).

In value terms, China ($X) remains the key foreign market for sheep and goat meat exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average sheep and goat meat export price amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into New Zealand

In 2022, approx. X tons of sheep and goat meat were imported into New Zealand; surging by X% on 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports rose remarkably to $X in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sheep and goat meat to New Zealand, 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, the UK (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Ireland (X% per year).

In value terms, Australia ($X) constituted the largest supplier of sheep and goat meat to New Zealand, comprising X% of total imports. The second position in the ranking was held by the UK ($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: the UK (X% per year) and Ireland (X% per year).

Import Prices by Country

In 2022, the average sheep and goat meat import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated a prominent 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 decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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