South-Eastern Asia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in South-Eastern Asia

The Southeast Asian sheep and goat meat market expanded rapidly to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat in South-Eastern Asia

In value terms, sheep and goat meat production dropped to $X in 2022 estimated in export price. Overall, production saw a mild descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of sheep and goat meat production was Indonesia (X tons), accounting for X% of total volume. Moreover, sheep and goat meat production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), fourfold. Vietnam (X tons) ranked third in terms of total production with an X% share.

In Indonesia, sheep and goat meat production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the Philippines (X% per year) and Vietnam (X% per year).

In 2022, the average yield of sheep and goat meat in South-Eastern Asia reduced rapidly to X kg per head, waning by X% on the previous year. In general, the yield showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. The level of yield peaked at X kg per head in 2013; however, from 2014 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for sheep and goat meat production in South-Eastern Asia skyrocketed to X heads, jumping by X% against the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of producing animals peaked at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

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Exports of Sheep And Goat Meat

Exports in South-Eastern Asia

In 2022, shipments abroad of sheep and goat meat was finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate pronounced growth. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports dropped markedly to $X in 2022. Overall, exports saw a modest increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore was the largest exporter of sheep and goat meat in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Malaysia (X tons) took the second position in the ranking, followed by Myanmar (X tons). All these countries together held approx. X% share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Myanmar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore and Malaysia increased by X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest sheep and goat meat supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports.

In Singapore, sheep and goat meat exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced a decline in the export price figures.

Imports of Sheep And Goat Meat

Imports in South-Eastern Asia

Sheep and goat meat imports skyrocketed to X tons in 2022, surging by X% compared with the year before. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. Total imports indicated a buoyant 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, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) represented the largest importer of sheep and goat meat, committing X% of total imports. Singapore (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together held near X% share of total imports. The following importers - Thailand (X tons) and Vietnam (X tons) - each accounted for a X% share of total imports.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Singapore (X%), Thailand (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Malaysia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported sheep and goat meat in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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