Overview of the Global Market for Sheep And Goat Meat

Market Size for Sheep And Goat Meat

The global sheep and goat meat market was estimated at $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat

In value terms, sheep and goat meat production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

China (X tons) remains the largest sheep and goat meat producing country worldwide, accounting for X% of total volume. Moreover, sheep and goat meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), fourfold. Pakistan (X tons) ranked third in terms of total production with an X% share.

In China, sheep and goat meat production increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (+X% per year).

In 2021, the global average yield of sheep and goat meat contracted slightly to X kg per head, shrinking by -X% against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2018 to 2021, the growth of the average sheep and goat meat yield remained at a lower figure.

The global number of animals slaughtered for sheep and goat meat production expanded to X heads in 2021, with an increase of X% compared with 2020. This number increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, this number attained the maximum level in 2021 and is likely to continue growth in the near future.

Exports of Sheep And Goat Meat

Exports

In 2021, after three years of decline, there was significant growth in shipments abroad of sheep and goat meat, when their volume increased by X% to X tons. Overall, exports, however, showed a mild slump. The global exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, sheep and goat meat exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the global exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) represented the main exporter of sheep and goat meat, constituting X% of total exports. Ethiopia (X tons) ranks second in terms of the total exports with a X% share, followed by Kenya (X%) and Spain (X%). France (X tons), New Zealand (X tons), Mongolia (X tons), Greece (X tons), the Netherlands (X tons) and Tanzania (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were in Mongolia (with a CAGR of +X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest sheep and goat meat supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Ethiopia ($X), with an X% share of global exports. It was followed by Kenya, with a X% share.

In Australia, sheep and goat meat exports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ethiopia (+X% per year) and Kenya (+X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The global export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%), while the other global leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports

In 2021, global imports of sheep and goat meat skyrocketed to X tons, with an increase of X% compared with 2020. In general, imports saw a relatively flat trend pattern. Over the period under review, global imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, sheep and goat meat imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons) and the United Arab Emirates (X tons) were the main importers of sheep and goat meat in 2021, recording approx. X% and X% of total imports, respectively. It was distantly followed by Bahrain (X tons), making up an X% share of total imports. The following importers - Oman (X tons), Taiwan (Chinese) (X tons), Canada (X tons), France (X tons), Portugal (X tons), Saudi Arabia (X tons), South Korea (X tons) and Italy (X tons) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Bahrain (with a CAGR of +X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), the United Arab Emirates ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of global imports. These countries were followed by Portugal, Taiwan (Chinese), South Korea, Italy, France, Saudi Arabia, Oman and Bahrain, which together accounted for a further X Korea, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average sheep and goat meat import price amounted to $X per ton, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Italy ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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