Australia - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia's Average Goat Meat Price Drops by 4%, Reaching $4,743 per Ton
Australia Goat Meat Export Price in May 2023
In May 2023, the goat meat price stood at $4,743 per ton (FOB, Australia), declining by -3.7% against the previous month. Overall, the export price recorded a abrupt decrease. The growth pace was the most rapid in August 2022 when the average export price increased by 9.8% month-to-month. The export price peaked at $9,167 per ton in May 2022; however, from June 2022 to May 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In May 2023, the country with the highest price was South Korea ($6,859 per ton), while the average price for exports to Taiwan (Chinese) ($3,445 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.4%), while the prices for the other major destinations experienced a decline.
| COUNTRY | Export Price of Goat Meat in Australia (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| South Korea | 10,406 | 10,190 | 9,776 | 9,430 | 9,288 | 8,407 | 8,651 | 8,782 | 7,734 | 7,641 | 7,946 | 7,400 | 6,859 |
| Japan | 9,447 | N/A | 8,487 | 9,220 | 9,039 | 7,234 | 8,530 | 7,834 | 5,843 | 5,563 | 5,784 | 6,159 | 5,694 |
| Canada | 10,349 | 8,799 | 8,711 | 8,723 | 7,624 | 6,704 | 6,973 | 5,576 | 5,430 | 5,191 | 5,638 | 5,166 | 5,297 |
| United States | 9,622 | 9,011 | 8,350 | 8,311 | 7,171 | 6,880 | 6,894 | 6,282 | 5,847 | 4,764 | 4,684 | 4,825 | 4,586 |
| China | 4,025 | N/A | 6,251 | 4,056 | 7,790 | 5,463 | 4,336 | 3,818 | 3,864 | 4,104 | 4,233 | 4,248 | 4,215 |
| Trinidad and Tobago | 9,113 | 8,877 | 8,091 | 7,714 | 6,419 | 5,973 | 4,723 | 4,115 | 4,313 | 3,792 | 3,573 | 3,891 | 3,770 |
| Taiwan (Chinese) | 6,119 | 5,731 | 3,924 | 7,966 | 7,002 | 5,188 | 5,089 | 2,956 | 2,646 | 3,923 | 2,916 | 2,472 | 3,445 |
| Average | 9,167 | 8,981 | 7,959 | 8,743 | 7,578 | 6,833 | 6,468 | 5,829 | 5,469 | 5,224 | 4,804 | 4,924 | 4,743 |
Australia Goat Meat Exports
In May 2023, exports of goat meat from Australia expanded significantly to 2.7K tons, increasing by 7.7% against April 2023 figures. In general, exports recorded measured growth. The most prominent rate of growth was recorded in February 2023 with an increase of 98% against the previous month.
In value terms, goat meat exports rose slightly to $13M (IndexBox estimates) in May 2023. Over the period under review, exports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in February 2023 when exports increased by 90% month-to-month.
Australia Goat Meat Exports by Country
The United States (1.1K tons), China (765 tons) and South Korea (402 tons) were the main destinations of goat meat exports from Australia, with a combined 84% share of total exports.
From May 2022 to May 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +64.4%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for goat meat exported from Australia were the United States ($5.1M), China ($3.2M) and South Korea ($2.8M), together comprising 87% of total exports.
In terms of the main countries of destination, China, with a CAGR of +65.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the goat meat market in Australia. 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 2030.
Product coverage:
- FCL 1017 - Goat meat
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Producing Animals Slaughtered, 2012–2024
- Yield, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
