Australia and Oceania: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Australia and Oceania

After three years of growth, the sheep and goat meat market in Australia and Oceania decreased by -X% to $X in 2021. Overall, consumption, however, posted a significant expansion. The level of consumption peaked at $X in 2020, and then shrank significantly in the following year.

Production of Sheep And Goat Meat in Australia and Oceania

In value terms, sheep and goat meat production shrank to $X in 2021 estimated in export price. The total production indicated a noticeable expansion 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 increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Australia (X tons) constituted the country with the largest volume of sheep and goat meat production, accounting for X% of total volume. Moreover, sheep and goat meat production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume in Australia stood at -X%.

The average sheep and goat meat yield rose modestly to X kg per head in 2021, growing by X% compared with 2020. Over the period under review, the yield, however, showed a mild descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2020 to 2021, the growth of the sheep and goat meat yield remained at a lower figure.

The global number of animals slaughtered for sheep and goat meat production rose slightly to X heads in 2021, surging by X% against 2020. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of producing animals peaked at X heads in 2016; however, from 2017 to 2021, producing animals failed to regain momentum.

Exports of Sheep And Goat Meat

Exports in Australia and Oceania

In 2021, the amount of sheep and goat meat exported in Australia and Oceania skyrocketed to X tons, picking up by X% on 2020. Over the period under review, exports, however, saw a perceptible setback. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sheep and goat meat exports surged to $X in 2021. Total exports indicated a slight increase 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, exports decreased by -X% against 2017 indices. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was near X% of total exports in 2021. It was distantly followed by New Zealand (X tons), comprising a X% share of total exports.

Exports from Australia decreased at an average annual rate of -X% from 2012 to 2021. At the same time, New Zealand (+X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +X% from 2012-2021. New Zealand (+X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest sheep and goat meat supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total exports.

In Australia, sheep and goat meat exports expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, dropping by -X% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep and goat meat export price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%).

Imports of Sheep And Goat Meat

Imports in Australia and Oceania

In 2021, overseas purchases of sheep and goat meat were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, sheep and goat meat imports surged to $X in 2021. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Fiji (X tons) and Australia (X tons) prevails in imports structure, together generating X% of total imports. Cook Islands (X tons), New Zealand (X tons) and Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Australia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X) constitutes the largest market for imported sheep and goat meat in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Cook Islands, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Fiji amounted to +X%. In the other countries, the average annual rates were as follows: Australia (+X% per year) and Cook Islands (+X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced markedly in the following year.

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

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

Source: IndexBox Platform