Asia: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Asia

The Asian sheep and goat meat market expanded slightly to $X in 2021, increasing by X% 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Asia

In value terms, sheep and goat meat production rose modestly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

China (X tons) remains the largest sheep and goat meat producing country in Asia, 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), fourfold. Pakistan (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2021, the average annual growth rate of volume in China stood at +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (+X% per year).

The average sheep and goat meat yield contracted slightly to X kg per head in 2021, falling by -X% compared with the previous year. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head. From 2018 to 2021, the growth of the sheep and goat meat yield failed to regain momentum.

In 2021, number of animals slaughtered for sheep and goat meat production in Asia expanded to X heads, picking up by X% compared with the year before. This number increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the number of producing animals increased by X%. Over the period under review, this number attained the peak level in 2021 and is likely to continue growth in the near future.

Exports of Sheep And Goat Meat

Exports in Asia

After five years of decline, shipments abroad of sheep and goat meat increased by X% to X tons in 2021. Over the period under review, exports, however, showed a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sheep and goat meat exports reduced to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mongolia was the major exporter of sheep and goat meat in Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), China (X tons) and Pakistan (X tons), together constituting a X% share of total exports. Saudi Arabia (X tons), Jordan (X tons) and Kuwait (X tons) held a little share of total exports.

Mongolia was also the fastest-growing in terms of the sheep and goat meat exports, with a CAGR of +X% from 2012 to 2021. At the same time, Kuwait (+X%), Jordan (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. By contrast, China (-X%), Saudi Arabia (-X%) and Pakistan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mongolia, the United Arab Emirates, Jordan and Kuwait increased by +X, +X, +X and +X percentage points, respectively.

In value terms, China ($X) remains the largest sheep and goat meat supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with an X% share of total exports. It was followed by Mongolia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -X%. In the other countries, the average annual rates were as follows: Pakistan (-X% per year) and Mongolia (+X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the the export prices remained at a somewhat lower figure.

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

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

Imports of Sheep And Goat Meat

Imports in Asia

In 2021, overseas purchases of sheep and goat meat were finally on the rise to reach X tons after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, sheep and goat meat imports expanded significantly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the key importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by Bahrain (X tons), Oman (X tons) and Taiwan (Chinese) (X tons), together generating a X% share of total imports. Saudi Arabia (X tons), South Korea (X tons), Hong Kong SAR (X tons), Qatar (X tons), Sri Lanka (X tons) and Japan (X tons) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +X% from 2012 to 2021. At the same time, Bahrain (+X%), Sri Lanka (+X%), Japan (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Oman experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-X%), Hong Kong SAR (-X%), Saudi Arabia (-X%) and Qatar (-X%) illustrated a downward trend over the same period. The United Arab Emirates (+X p.p.), Bahrain (+X p.p.) and Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR, Taiwan (Chinese), Saudi Arabia and Qatar saw its share reduced by -X%, -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sheep and goat meat in Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In the United Arab Emirates, sheep and goat meat imports 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: Taiwan (Chinese) (-X% per year) and South Korea (+X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform