Eastern Asia: Market for Sheep And Goat Meat 2025

Market Size for Sheep And Goat Meat in Eastern Asia

In 2022, after five years of growth, there was decline in the East Asian sheep and goat meat market, when its value decreased by X% to $X. The total consumption indicated a perceptible 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, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined modestly in the following year.

Production of Sheep And Goat Meat in Eastern Asia

In value terms, sheep and goat meat production totaled $X in 2022 estimated in export price. The total production indicated a moderate 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

China (X tons) remains the largest sheep and goat meat producing country in Eastern Asia, accounting for X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled X%.

In 2022, the average sheep and goat meat yield in Eastern Asia reached X kg per head, approximately equating 2021. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. Over the period under review, the sheep and goat meat yield attained the maximum level at X kg per head in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for sheep and goat meat production in Eastern Asia reduced to X heads, with a decrease of X% on 2021 figures. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the amount of animals produced attained the peak level of X heads, and then contracted modestly in the following year.

Exports of Sheep And Goat Meat

Exports in Eastern Asia

In 2022, exports of sheep and goat meat in Eastern Asia fell dramatically to X tons, shrinking by X% on the previous year. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports fell sharply to $X in 2022. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporter of sheep and goat meat in Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), committing a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest sheep and goat meat supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price 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, sheep and goat meat export price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Imports of Sheep And Goat Meat

Imports in Eastern Asia

Sheep and goat meat imports fell to X tons in 2022, with a decrease of X% on the year before. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, sheep and goat meat imports shrank to $X in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

China dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. South Korea (X tons) took the second position in the ranking, followed by Japan (X tons). All these countries together held approx. X% share 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%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China and South Korea increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported sheep and goat meat in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price 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, sheep and goat meat import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while China ($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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