Asia-Pacific: Market for Sheep And Goat Meat 2025

Market Size for Sheep And Goat Meat in Asia-Pacific

In 2022, the Asia-Pacific sheep and goat meat market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced modestly in the following year.

Production of Sheep And Goat Meat in Asia-Pacific

In value terms, sheep and goat meat production amounted to $X in 2022 estimated in export price. The total production indicated moderate growth 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

China (X tons) remains the largest sheep and goat meat producing country in Asia-Pacific, comprising approx. X% of total volume. Moreover, sheep and goat meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), sixfold. The third position in this ranking was held by Pakistan (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

In 2022, the average yield of sheep and goat meat in Asia-Pacific dropped to X kg per head, standing approx. at the previous year's figure. Overall, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the sheep and goat meat yield attained the peak level at X kg per head in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for sheep and goat meat production in Asia-Pacific fell modestly to X heads, leveling off at 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2021, and then contracted slightly in the following year.

Exports of Sheep And Goat Meat

Exports in Asia-Pacific

In 2022, approx. X tons of sheep and goat meat were exported in Asia-Pacific; flattening at the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports declined to $X in 2022. Total exports indicated a tangible increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined slightly in the following year.

Exports by Country

In 2022, Australia (X tons) and New Zealand (X tons) represented the main exporter of sheep and goat meat in Asia-Pacific, mixing up X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of X%).

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2022.

Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Sheep And Goat Meat

Imports in Asia-Pacific

In 2022, sheep and goat meat imports in Asia-Pacific reduced to X tons, with a decrease of X% on the previous year's figure. 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. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, sheep and goat meat imports fell slightly to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

China dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. Malaysia (X tons) held the second position in the ranking, followed by South Korea (X tons). All these countries together held approx. X% share of total imports. Japan (X tons), Papua New Guinea (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sheep and goat meat imports into China stood at X%. At the same time, South Korea (X%), Malaysia (X%), Singapore (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Papua New Guinea experienced a relatively flat trend pattern. While the share of China (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and Papua New Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price 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, sheep and goat meat import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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