Asia: Market for Sheep And Goat Meat 2025

Market Size for Sheep And Goat Meat in Asia

In 2022, the Asian 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 in certain years. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Production of Sheep And Goat Meat in Asia

In value terms, sheep and goat meat production amounted to $X in 2022 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

China (X tons) constituted the country with the largest volume of sheep and goat meat production, 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 a X% share.

In China, sheep and goat meat production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Pakistan (X% per year).

The average sheep and goat meat yield reduced slightly to X kg per head in 2022, flattening at the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield remained at a lower figure.

The global number of animals slaughtered for sheep and goat meat production contracted modestly to X heads in 2022, shrinking by X% compared with 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 recorded in certain years. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by X%. The level of producing animals peaked at X heads in 2021, and then reduced slightly in the following year.

Exports of Sheep And Goat Meat

Exports in Asia

In 2022, shipments abroad of sheep and goat meat was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, showed a slight slump. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kazakhstan (X tons) and India (X tons) were the main exporters of sheep and goat meat in Asia, together accounting for approx. X% of total exports. Turkey (X tons) ranks next in terms of the total exports with a X% share, followed by Mongolia (X%) and Pakistan (X%). The following exporters - the United Arab Emirates (X tons) and China (X tons) - each recorded an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Kazakhstan ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Turkey, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 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, and then contracted in the following year.

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

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

Imports of Sheep And Goat Meat

Imports in Asia

In 2022, the amount of sheep and goat meat imported in Asia contracted modestly to X tons, waning by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sheep and goat meat imports totaled $X in 2022. Total imports indicated a buoyant expansion 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, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%). The following importers - South Korea (X tons), Qatar (X tons), Japan (X tons), Saudi Arabia (X tons), Singapore (X tons), Oman (X tons), Jordan (X tons) and Kuwait (X tons) - together made up X% of total imports.

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%), the United Arab Emirates (X%), Japan (X%) and Oman (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Qatar experienced a relatively flat trend pattern. By contrast, Kuwait (X%), Jordan (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and Malaysia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Oman ($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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