Eastern Asia: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Eastern Asia

The East Asian sheep and goat meat market reached $X in 2021, picking up by X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value 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, consumption decreased by -X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Eastern Asia

In value terms, sheep and goat meat production reached $X in 2021 estimated in export price. The total production indicated a prominent 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, production decreased by -X% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

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

From 2012 to 2021, the average annual growth rate of volume in China amounted to +X%.

In 2021, the average sheep and goat meat yield in Eastern Asia stood at X kg per head, remaining relatively unchanged against 2020. The yield figure increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the sheep and goat meat yield hit record highs at X kg per head in 2018; however, from 2019 to 2021, the yield failed to regain momentum.

In 2021, number of animals slaughtered for sheep and goat meat production in Eastern Asia reached X heads, therefore, remained relatively stable against the previous year's figure. In general, the number of producing animals saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the number of producing animals increased by X%. As a result, the number of animals produced attained the peak level of X heads. From 2017 to 2021, the growth of this number remained at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded decline in shipments abroad of sheep and goat meat, which decreased by -X% to X tons in 2021. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, sheep and goat meat exports dropped to $X in 2021. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2021. Hong Kong SAR (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sheep and goat meat exports from China stood at -X%. At the same time, Japan (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+X p.p.) and Japan (+X p.p.) increased significantly in terms of the total exports from 2012-2021, 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.

In China, sheep and goat meat exports contracted by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Japan (+X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by X% against the previous year. Export price indicated a resilient 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 increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Sheep And Goat Meat

Imports in Eastern Asia

After three years of decline, overseas purchases of sheep and goat meat increased by X% to X tons in 2021. Overall, imports, however, continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, sheep and goat meat imports amounted to $X in 2021. Total imports indicated a modest 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, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) was the main importer of sheep and goat meat in Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2021. It was distantly followed by South Korea (X tons), Hong Kong SAR (X tons), Japan (X tons) and Macao SAR (X tons), together achieving a X% share of total imports. China (X tons) took a relatively small share of total imports.

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

In value terms, the largest sheep and goat meat importing markets in Eastern Asia were Taiwan (Chinese) ($X), South Korea ($X) and Hong Kong SAR ($X), with a combined X% share of total imports. These countries were followed by Japan, Macao SAR and China, which together accounted for a further X terms of the main importing countries, Japan, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform