South Africa - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

South Africa: Goat Meat Market Overview 2020

Goat Meat Market Size in South Africa

The revenue of the goat meat market in South Africa amounted to $X in 2018, rising by X% against the previous year. Over the period under review, goat meat consumption continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Goat meat consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Goat Meat Production in South Africa

In value terms, goat meat production totaled $X in 2018 estimated in export prices. Overall, goat meat production continues to indicate a measured slump. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Goat meat production peaked at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Goat Meat Exports

Exports from South Africa

Goat meat exports from South Africa stood at X kg in 2018, falling by -X% against the previous year. In general, goat meat exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, goat meat exports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, goat meat exports stood at $X in 2018. In general, goat meat exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Qatar (X kg), Seychelles (X kg) and Cabo Verde (X kg) were the main destinations of goat meat exports from South Africa, with a combined X% share of total exports. Gabon, Lesotho, Ethiopia, Tanzania, Botswana, Rwanda, Nigeria, Mozambique and Angola lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ethiopia, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for goat meat exported from South Africa were Seychelles ($X), Qatar ($X) and Cabo Verde ($X), with a combined X% share of total exports. Gabon, Ethiopia, Lesotho, Nigeria, Rwanda, Tanzania, Angola, Mozambique and Botswana lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced a decline.

Export Prices by Country

The average goat meat export price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the goat meat export price, however, continues to indicate a significant slump. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Gabon ($X per tonne), while the average price for exports to Botswana ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Gabon, while the prices for the other major destinations experienced more modest paces of growth.

Goat Meat Imports

Imports into South Africa

In 2018, the amount of goat meat imported into South Africa stood at X tonnes, rising by X% against the previous year. In general, goat meat imports, however, continue to indicate a drastic slump. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, goat meat imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, goat meat imports amounted to $X in 2018. Overall, goat meat imports, however, continue to indicate a drastic setback. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, goat meat imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the UK (X tonnes) constituted the largest goat meat supplier to South Africa, accounting for a X% share of total imports. Moreover, goat meat imports from the UK exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), threefold.

From 2007 to 2018, the average annual rate of growth in terms of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Namibia (-X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (-X% per year) and Australia (-X% per year).

Import Prices by Country

The average goat meat import price stood at $X per tonne in 2018, shrinking by -X% against the previous year. Overall, the goat meat import price continues to indicate a measured shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for goat meat attained their maximum at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Namibia ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform