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

South Africa: Goat Meat Market Overview 2019

Goat Meat Market Size in South Africa

The revenue of the goat meat market in South Africa amounted to $X in 2017, reducing by -X% against the previous year. Overall, the total market indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the goat meat consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. Over the period under review, the goat meat market reached its maximum level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Goat Meat Production in South Africa

In 2017, the amount of goat meat produced in South Africa stood at X tonnes, increasing by X% against the previous year. Overall, goat meat production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, when the output figure increased by X% y-o-y. In that year, the goat meat production attained their peak volume, and is likely to continue its growth in the immediate term. Goat meat output in South Africa indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the producing animals and a relatively flat trend pattern in yield figures.

In 2017, average goat meat yield in South Africa stood at X kg per head, approximately reflecting the previous year. Overall, goat meat yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, when it surged by X% year-to-year. Over the period under review, the average goat meat yield reached its maximum level of X kg per head in 2010; afterwards, it flattened through to 2017.

In 2017, the amount of goat meat slaughtered in South Africa amounted to X heads, surging by X% against the previous year. This number increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The growth pace was the most rapid in 2017, when the number of producing animals increased by X% year-to-year. In that year, this number reached their peak figure, and is likely to continue its growth in the immediate term.

Goat Meat Exports

Exports from South Africa

In 2017, approx. X tonnes of goat meat were exported from South Africa; falling by -X% against the previous year. Overall, goat meat exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. In that year, the goat meat exports attained their peak volume of X tonnes. From 2014 to 2017, growth of the goat meat exports failed to regain its momentum.

In value terms, goat meat exports stood at $X in 2017. Overall, goat meat exports continue to indicate a prominent expansion. The exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Exports by Country

Lesotho (X tonnes) was the main destination of goat meat exports from South Africa, with a X% share of total exports. Moreover, goat meat exports to Lesotho exceeded the volume sent to the second major destination, Namibia (X tonnes), fourfold. Bahrain (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Lesotho totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+X% per year) and Bahrain (+X% per year).

In value terms, Lesotho ($X) remains the key foreign market for goat meat exports from South Africa, making up X% of total goat meat exports. The second position in the ranking was occupied by Bahrain ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2007 to 2017, the average annual growth rate of value to Lesotho stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+X% per year) and Qatar (+X% per year).

Export Prices by Country

The average goat meat export price stood at $X per tonne in 2017, lowering by -X% against the previous year. Overall, goat meat export price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. In that year, the average export prices for goat meat attained their peak level of $X per kg. From 2009 to 2017, growth of the average export prices for goat meat failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Seychelles ($X per tonne), while average price for exports to Namibia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Namibia (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Goat Meat Imports

Imports into South Africa

In 2017, goat meat imports into South Africa stood at X kg, lowering by -X% against the previous year. Overall, goat meat imports continue to indicate a sharp deduction. The pace of growth was the most pronounced in 2013, when it surged by X% year-to-year. Over the period under review, the goat meat imports attained its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, goat meat imports totaled $X in 2017. Overall, goat meat imports continue to indicate a dramatic decline. Over the period under review, the goat meat imports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Imports by Country

New Zealand (X kg) and Australia (X kg) were the main suppliers of goat meat imports to South Africa, together accounting for X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by New Zealand (-X% per year).

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

In terms of the main suppliers, New Zealand (-X% per year) experienced the highest growth rate of imports, over the last decade.

Import Prices by Country

In 2017, the average goat meat import price amounted to $X per tonne, surging by X% against the previous year. In general, goat meat import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. Over the period under review, the average import prices for goat meat reached its peak figure level in 2017, and is likely to see steady growth in the immediate term.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the country with the highest import price was New Zealand ($X per tonne), while price for Australia totaled $X per tonne.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by New Zealand (+X% per year).

Source: IndexBox AI Platform