Armenia: Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Armenia

The revenue of the sheep and goat meat market in Armenia amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated resilient growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sheep and goat meat consumption increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2009 when the market value increased by X% against the previous year. Over the period under review, the sheep and goat meat market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Production of Sheep And Goat Meat in Armenia

In value terms, sheep and goat meat production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, sheep and goat meat production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Armenia sheep and goat meat production peaked in 2018 and is expected to retain its growth in the near future.

Exports of Sheep And Goat Meat

Exports from Armenia

In 2018, the sheep and goat meat exports from Armenia totaled X tons, declining by -X% against the previous year. In general, sheep and goat meat exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Armenia exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, sheep and goat meat exports totaled $X in 2018. Over the period under review, sheep and goat meat exports continue to indicate a drastic reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Armenia exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Australia (X tons) and New Zealand (X tons) represented the key exporters of sheep and goat meat in 2018, resulting at near X% and X% of total exports, respectively. It was distantly followed by the UK (X tons), comprising a X% share of total exports. Ireland (X tons), Spain (X tons), the Netherlands (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and the UK ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Ireland, the Netherlands, Spain, India and Armenia lagged somewhat behind, together comprising a further X Netherlands recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the sheep and goat meat export price in Armenia amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Armenia export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Armenia

In 2018, approx. X tons of sheep and goat meat were imported into Armenia; waning by -X% against the previous year. Over the period under review, sheep and goat meat imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. In that year, sheep and goat meat imports attained their peak of X tons. From 2010 to 2018, the growth of sheep and goat meat imports failed to regain its momentum.

In value terms, sheep and goat meat imports stood at $X in 2018. In general, sheep and goat meat imports continue to indicate a drastic drop. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. In that year, sheep and goat meat imports attained their peak of $X. From 2010 to 2018, the growth of sheep and goat meat imports failed to regain its momentum.

Imports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), France (X tons) and the UK (X tons) represented the major importers of sheep and goat meat, together mixing up X% of total imports. The United Arab Emirates (X tons), Germany (X tons), Saudi Arabia (X tons), Malaysia (X tons), the Netherlands (X tons), Qatar (X tons), Canada (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat importing markets into Armenia were the U.S. ($X), China ($X) and France ($X), with a combined X% share of total imports. These countries were followed by the UK, Germany, the United Arab Emirates, Saudi Arabia, the Netherlands, Qatar, Japan, Malaysia, Canada and Armenia, which together accounted for a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sheep and goat meat import price in Armenia stood at $X per ton in 2018, waning by -X% against the previous year. In general, the sheep and goat meat import price, however, continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, the import prices for sheep and goat meat reached their maximum at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Qatar, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform