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South Africa - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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South Africa: Goat Meat Market Overview 2020

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Goat Meat Market Size in South Africa

After three years of growth, the South African goat meat market decreased by -X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market remained at a somewhat lower figure.

Goat Meat Production in South Africa

In value terms, goat meat production shrank modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2013 to 2019, production growth failed to regain the momentum.

In 2019, the average goat meat yield in South Africa amounted to X kg per head, stabilizing at the previous year's figure. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the average goat meat yield hit record highs at X kg per head in 2007; however, from 2008 to 2019, the yield remained at a lower figure.

In 2019, approx. X heads of animals slaughtered for goat meat production in South Africa; remaining stable against the year before. This number increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. As a result, the amount of producing animals reached the peak level of X heads. From 2015 to 2019, the growth of this number remained at a somewhat lower figure.

Goat Meat Exports

Exports from South Africa

In 2019, approx. X tonnes of goat meat were exported from South Africa; waning by -X% compared with the previous year. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, goat meat exports reduced markedly to $X in 2019. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a lower figure.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to Lesotho stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-X% per year) and Seychelles (-X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Lesotho amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (-X% per year) and Namibia (-X% per year).

Export Prices by Country

The average goat meat export price stood at $X per tonne in 2019, flattening at the previous year. Overall, export price indicated measured growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, goat meat export price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Lesotho ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced mixed trend patterns.

Goat Meat Imports

Imports into South Africa

In 2019, overseas purchases of goat meat decreased by -X% to X kg, falling for the fifth year in a row after three years of growth. Overall, imports faced a sharp descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2009; however, from 2010 to 2019, imports remained at a lower figure.

In value terms, goat meat imports declined markedly to $X in 2019. In general, imports recorded a precipitous decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Australia (X kg) was the main goat meat supplier to South Africa, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Australia totaled -X%.

In value terms, Australia ($X) constituted the largest supplier of goat meat to South Africa.

From 2007 to 2019, the average annual growth rate of value from Australia totaled -X%.

Import Prices by Country

The average goat meat import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2007 to 2019, the rate of growth in terms of prices for Australia amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for goat meat in the world?
+
The country with the largest volume of goat meat consumption was China (2.4M tonnes), comprising approx. 37% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India (502K tonnes), fivefold. The third position in this ranking was occupied by Pakistan (352K tonnes), with a 5.5% share.
What are the largest producers of goat meat in the world?
+
China (2.4M tonnes) constituted the country with the largest volume of goat meat production, accounting for 37% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India (502K tonnes), fivefold. Pakistan (353K tonnes) ranked third in terms of total production with a 5.5% share.
What are the leading suppliers of goat meat to South Africa?
+
In value terms, Australia ($83) constituted the largest supplier of goat meat to South Africa.
What are the leading importers of goat meat from South Africa?
+
In value terms, Lesotho ($11K) remains the key foreign market for goat meat exports from South Africa, comprising 74% of total exports. The second position in the ranking was occupied by Seychelles ($1.6K), with a 11% share of total exports. It was followed by Namibia, with a 11% share.
What is the average export price for goat meat in South Africa?
+
The average goat meat export price stood at $7,369 per tonne in 2019, approximately mirroring the previous year.
What is the average import price for goat meat in South Africa?
+
The average goat meat import price stood at $1,708 per tonne in 2019, shrinking by -7.2% against the previous year.

Product coverage:
• FCL 1017 - Goat meat

This report provides an in-depth analysis of the goat meat market in South Africa. 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:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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