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Singapore - Sheep And Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Overview of the Market for Sheep And Goat Meat 2021

Market Size for Sheep And Goat Meat in Singapore

The Singaporean sheep and goat meat market dropped to $X in 2020, which is down by -X% against the previous year. Overall, consumption, however, posted prominent growth. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2020, consumption failed to regain the momentum.

Production of Sheep And Goat Meat in Singapore

In value terms, sheep and goat meat production totaled $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

The average yield of sheep and goat meat in Singapore was estimated at X kg per head in 2020, approximately equating the year before. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X% year-to-year. Over the period under review, the average sheep and goat meat yield attained the peak level at X kg per head in 2014; however, from 2015 to 2020, the yield stood at a somewhat lower figure.

In 2020, number of animals slaughtered for sheep and goat meat production in Singapore shrank modestly to X heads, with a decrease of -X% compared with the previous year. Over the period under review, the number of producing animals saw a mild downturn. The most prominent rate of growth was recorded in 2008 when the number of producing animals increased by X% year-to-year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2012; however, from 2013 to 2020, producing animals failed to regain the momentum.

Exports of Sheep And Goat Meat

Exports from Singapore

In 2020, the amount of sheep and goat meat exported from Singapore skyrocketed to X tonnes, rising by X% against the previous year's figure. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are likely to see steady growth in years to come.

In value terms, sheep and goat meat exports skyrocketed to $X in 2020. Overall, exports saw a remarkable increase. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tonnes) was the main destination for sheep and goat meat exports from Singapore, with a X% share of total exports. Moreover, sheep and goat meat exports to Malaysia exceeded the volume sent to the second major destination, Australia (X tonnes), fivefold. Indonesia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Indonesia (+X% per year).

In value terms, Malaysia ($X) remains the key foreign market for sheep and goat meat exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per tonne in 2020, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Indonesia ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Maldives, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Singapore

Sheep and goat meat imports into Singapore declined remarkably to X tonnes in 2020, dropping by -X% on the year before. Overall, total imports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. from 2018 to 2020, the growth imports remained at a lower figure.

In value terms, sheep and goat meat imports reached $X in 2020. Over the period under review, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Australia (X tonnes) constituted the largest supplier of sheep and goat meat to Singapore, 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, New Zealand (X tonnes), ninefold.

From 2007 to 2020, 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: New Zealand (-X% per year) and Italy (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average sheep and goat meat import price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, import price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, sheep and goat meat import price increased by +X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sheep and goat meat in the world?
+
The country with the largest volume of sheep and goat meat consumption was China (5.3M tonnes), accounting for 32% of total volume. Moreover, sheep and goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (825K tonnes), sixfold. Pakistan (762K tonnes) ranked third in terms of total consumption with a 4.6% share.
What are the largest producers of sheep and goat meat in the world?
+
The country with the largest volume of sheep and goat meat production was China (4.9M tonnes), comprising approx. 30% of total volume. Moreover, sheep and goat meat production in China exceeded the figures recorded by the second-largest producer, India (832K tonnes), sixfold. The third position in this ranking was occupied by Pakistan (769K tonnes), with a 4.7% share.
What are the leading suppliers of sheep and goat meat to Singapore?
+
In value terms, Australia ($73M) constituted the largest supplier of sheep and goat meat to Singapore, comprising 84% of total imports. The second position in the ranking was occupied by New Zealand ($8.7M), with a 10% share of total imports.
What are the leading importers of sheep and goat meat from Singapore?
+
In value terms, Malaysia ($3.9M) remains the key foreign market for sheep and goat meat exports from Singapore, comprising 59% of total exports. The second position in the ranking was occupied by Australia ($1.4M), with a 21% share of total exports. It was followed by Indonesia, with a 13% share.
What is the average export price for sheep and goat meat in Singapore?
+
The average sheep and goat meat export price stood at $5,097 per tonne in 2020, increasing by 13% against the previous year.
What is the average import price for sheep and goat meat in Singapore?
+
The average sheep and goat meat import price stood at $6,780 per tonne in 2020, growing by 25% against the previous year.

Product coverage:
• FCL 1017 - Goat meat

This report provides an in-depth analysis of the market for sheep and goat meat in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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