Saudi Arabia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Saudi Arabia

The Saudi sheep and goat meat market expanded significantly to $X in 2022, surging by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Sheep and goat meat consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Saudi Arabia

In value terms, sheep and goat meat production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a slight 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average sheep and goat meat yield in Saudi Arabia was estimated at X kg per head, remaining relatively unchanged against the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. The sheep and goat meat yield peaked at X kg per head in 2018; however, from 2019 to 2022, the yield failed to regain momentum.

In 2022, the number of animals slaughtered for sheep and goat meat production in Saudi Arabia was estimated at X heads, stabilizing at the previous year's figure. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the amount of producing animals reached the peak level of X heads; afterwards, it flattened through to 2022.

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Exports of Sheep And Goat Meat

Exports from Saudi Arabia

For the fourth year in a row, Saudi Arabia recorded decline in shipments abroad of sheep and goat meat, which decreased by X% to X tons in 2022. In general, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports shrank rapidly to $X in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Yemen (X tons) was the main destination for sheep and goat meat exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Oman (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

In value terms, Yemen ($X) emerged as the key foreign market for sheep and goat meat exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Seychelles, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Yemen amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Seychelles (X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, recorded measured growth. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Yemen ($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 Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Saudi Arabia

Sheep and goat meat imports into Saudi Arabia declined dramatically to X tons in 2022, waning by X% against the year before. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, sheep and goat meat imports shrank sharply to $X in 2022. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Australia (X tons), New Zealand (X tons) and Spain (X tons) were the main suppliers of sheep and goat meat imports to Saudi Arabia, with a combined X% share of total imports.

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

In value terms, the largest sheep and goat meat suppliers to Saudi Arabia were Australia ($X), New Zealand ($X) and Spain ($X), together accounting for X% of total imports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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 from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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