Australia: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Australia

In 2021, the Australian sheep and goat meat market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, continues to indicate prominent growth. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Production of Sheep And Goat Meat in Australia

In value terms, sheep and goat meat production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible 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 increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Sheep and goat meat production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

In 2021, the average sheep and goat meat yield in Australia was estimated at X kg per head, picking up by X% compared with the previous year. In general, the yield, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2019 when the yield increased by 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 average sheep and goat meat yield remained at a somewhat lower figure.

The number of animals slaughtered for sheep and goat meat production in Australia expanded slightly to X heads in 2021, picking up by X% on the previous year. In general, the number of producing animals recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs at X heads in 2016; however, from 2017 to 2021, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Australia

In 2021, overseas shipments of sheep and goat meat were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a pronounced curtailment. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, sheep and goat meat exports surged to $X in 2021. Overall, total exports indicated a slight 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, exports decreased by -X% against 2017 indices. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for sheep and goat meat exports from Australia, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sixfold. South Korea (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-X% per year) and South Korea (+X% per year).

In value terms, the United States ($X) remains the key foreign market for sheep and goat meat exports from Australia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with an X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Canada (+X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, export price indicated strong growth 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 most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Australia

In 2021, approx. X tons of sheep and goat meat were imported into Australia; increasing by X% compared with the year before. In general, imports enjoyed a significant increase. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a significant increase. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Canada (X tons) and New Zealand (X tons) were the main suppliers of sheep and goat meat imports to Australia, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of sheep and goat meat to Australia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and New Zealand (-X% per year).

Import Prices by Country

In 2021, the average sheep and goat meat import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform