Egypt: Goat Meat Market 2024

Goat Meat Market Size in Egypt

The Egyptian goat meat market rose sharply to $X in 2022, with an increase of 8.6% against the previous year. Over the period under review, consumption, however, faced a deep downturn. Goat meat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Goat Meat Production in Egypt

In value terms, goat meat production rose markedly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt contraction. The growth pace was the most rapid in 2015 when the production volume increased by 448% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of goat meat in Egypt rose slightly to X kg per head in 2022, surging by 2.6% against 2021 figures. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the yield increased by 119% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2021 to 2022, the growth of the average goat meat yield remained at a lower figure.

The number of animals slaughtered for goat meat production in Egypt expanded modestly to X heads in 2022, with an increase of 4.6% compared with 2021. In general, the number of producing animals, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 5.5% against the previous year. The number of animals slaughtered for goat meat production peaked at X heads in 2016; however, from 2017 to 2022, producing animals remained at a lower figure.

Goat Meat Exports

Exports from Egypt

In 2022, approx. X tons of goat meat were exported from Egypt; rising by 14,233% on the previous year's figure. Overall, exports, however, saw a dramatic descent. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, goat meat exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic setback. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for goat meat exports from Egypt, with a 77% share of total exports. Moreover, goat meat exports to Bahrain exceeded the volume sent to the second major destination, Qatar (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Bahrain totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-13.4% per year) and Kuwait (-36.3% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for goat meat exports from Egypt, comprising 66% of total exports. The second position in the ranking was taken by Qatar ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain amounted to +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-12.6% per year) and Kuwait (-35.1% per year).

Export Prices by Country

The average goat meat export price stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 71% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Goat Meat Imports

Imports into Egypt

In 2022, approx. X tons of goat meat were imported into Egypt; with a decrease of -17.2% on 2021 figures. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 1,337%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, goat meat imports fell dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 1,658% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main goat meat supplier to Egypt, with a 98% share of total imports. It was followed by Australia (X kg), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled -15.0%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of goat meat to Egypt, comprising 96% of total imports. The second position in the ranking was taken by Australia ($X), with a 3.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia stood at -11.9%.

Import Prices by Country

In 2022, the average goat meat import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 +106.4% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 43%. The import price peaked at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices 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 Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.9%).

Source: IndexBox Platform

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