Benelux: Goat Meat Market 2024

Goat Meat Market Size in Benelux

The Benelux goat meat market rose markedly to $X in 2022, with an increase of 11% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.8% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Goat Meat Production in Benelux

In value terms, goat meat production totaled $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 41% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The Netherlands (X tons) constituted the country with the largest volume of goat meat production, comprising approx. 88% of total volume. Moreover, goat meat production in the Netherlands exceeded the figures recorded by the second-largest producer, Belgium (X tons), eightfold.

In the Netherlands, goat meat production expanded at an average annual rate of +5.9% over the period from 2012-2022.

In 2022, the average yield of goat meat in Benelux was estimated at X kg per head, therefore, remained relatively stable against 2021. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by 2.4%. The level of yield peaked at X kg per head in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure.

The global number of animals slaughtered for goat meat production dropped to X heads in 2022, waning by -4.9% on the previous year's figure. The total number of producing animals indicated a strong expansion from 2012 to 2022: its figure increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for goat meat production increased by +83.7% against 2015 indices. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by 23% against the previous year. The level of producing animals peaked at X heads in 2021, and then declined in the following year.

Goat Meat Exports

Exports in Benelux

In 2022, the amount of goat meat exported in Benelux dropped notably to X tons, which is down by -16.6% against 2021. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 72% against the previous year. The volume of export peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, goat meat exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 66% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted notably in the following year.

Exports by Country

The Netherlands dominates exports structure, resulting at X tons, which was near 94% of total exports in 2022. It was distantly followed by Belgium (X tons), committing a 6.2% share of total exports.

Exports from the Netherlands increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Belgium (+31.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +31.7% from 2012-2022. While the share of Belgium (+5.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-5.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest goat meat supplier in Benelux, comprising 92% of total exports. The second position in the ranking was held by Belgium ($X), with a 7.9% share of total exports.

In the Netherlands, goat meat exports increased at an average annual rate of +7.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2015 an increase of 12%. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%).

Goat Meat Imports

Imports in Benelux

For the third consecutive year, Benelux recorded growth in supplies from abroad of goat meat, which increased by 41% to X tons in 2022. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 135% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, goat meat imports rose remarkably to $X in 2022. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 76%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Belgium was the largest importer of goat meat in Benelux, with the volume of imports resulting at X tons, which was near 54% of total imports in 2022. The Netherlands (X tons) ranks second in terms of the total imports with a 32% share, followed by Luxembourg (14%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +34.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest goat meat importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

The Netherlands, with a CAGR of +31.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, dropping by -23.1% against the previous year. Overall, the import price saw a deep reduction. The pace of growth was the most pronounced in 2016 when the import price increased by 23%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform