Canada: Goat Meat Market 2025

Goat Meat Market Size in Canada

The Canadian goat meat market surged to $X in 2022, growing by 27% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a perceptible increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Goat Meat Exports

Exports from Canada

In 2022, the amount of goat meat exported from Canada reduced notably to X tons, which is down by -50% compared with 2021. In general, exports saw a deep slump. The smallest decline of -6.4% was in 2013. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, goat meat exports declined dramatically to $X in 2022. Over the period under review, exports recorded a deep downturn. The smallest decline of -22.3% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Barbados (X tons) and Trinidad and Tobago (X tons) were the main destinations of goat meat exports from Canada.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Barbados (with a CAGR of +15.5%).

In value terms, the largest markets for goat meat exported from Canada were Barbados ($X) and Trinidad and Tobago ($X).

Among the main countries of destination, Barbados, with a CAGR of +20.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average goat meat export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2014 an increase of 46%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Barbados amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+8.6%).

Goat Meat Imports

Imports into Canada

In 2022, the amount of goat meat imported into Canada soared to X tons, with an increase of 29% against 2021 figures. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 101%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, goat meat imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 104% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Australia (X tons) was the main supplier of goat meat to Canada, accounting for a 91% share of total imports. Moreover, goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+5.0% per year) and Ireland (-22.6% per year).

In value terms, Australia ($X) constituted the largest supplier of goat meat to Canada, comprising 91% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 8.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+8.9% per year) and Ireland (-4.2% per year).

Import Prices by Country

The average goat meat import price stood at $X per ton in 2022, which is down by -3.7% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, goat meat import price increased by +63.0% against 2013 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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