Norway - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Norway: Goat Meat Market Overview 2020

Goat Meat Market Size in Norway

The revenue of the goat meat market in Norway amounted to $X in 2018, increasing by X% against the previous year. Overall, the total market indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat consumption increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the goat meat market reached its maximum level in 2018 and is likely to see steady growth in the immediate term.

Goat Meat Production in Norway

In value terms, goat meat production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat production increased by +X% against 2011 indices. The growth pace was the most rapid in 2013 when production volume increased by X% y-o-y. Goat meat production peaked in 2018 and is likely to continue its growth in the near future.

Goat Meat Exports

Exports from Norway

In 2018, approx. X kg of goat meat were exported from Norway; reducing by -X% against the previous year. Overall, goat meat exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2008 with a decrease of -X% y-o-y. Over the period under review, goat meat exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, goat meat exports totaled $X in 2018. Over the period under review, goat meat exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2011 with a decrease of -X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Uruguay (X kg) was the main destination for goat meat exports from Norway, with a X% share of total exports. It was followed by Denmark (X kg), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Uruguay was relatively modest.

From 2007 to 2018, the average annual growth rate of value to Uruguay was relatively modest.

Export Prices by Country

In 2018, the average goat meat export price amounted to $X per tonne, remaining stable against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for goat meat attained their peak figure at $X per tonne in 2015; afterwards, it flattened through to 2018.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per tonne), while the average price for exports to Uruguay stood at $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Denmark.

Goat Meat Imports

Imports into Norway

Goat meat imports into Norway amounted to X kg in 2018, picking up by X% against the previous year. Over the period under review, goat meat imports continue to indicate a mild expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, goat meat imports reached their maximum at X kg in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, goat meat imports amounted to $X in 2018. Overall, goat meat imports continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. In that year, goat meat imports attained their peak of $X. From 2009 to 2018, the growth of goat meat imports remained at a somewhat lower figure.

Imports by Country

The Netherlands (X kg) and Poland (X kg) were the main suppliers of goat meat imports to Norway, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland (+X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of goat meat to Norway, comprising X% of total goat meat imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports.

From 2007 to 2018, the average annual growth rate of value from the Netherlands totaled -X%.

Import Prices by Country

In 2018, the average goat meat import price amounted to $X per tonne, growing by X% against the previous year. Overall, the goat meat import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, the average import prices for goat meat attained their peak figure at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Poland amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland.

Source: IndexBox AI Platform