Egypt: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Egypt

The Egyptian sheep and goat meat market expanded remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Egypt

In value terms, sheep and goat meat production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Sheep and goat meat production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of sheep and goat meat in Egypt amounted to X kg per head in 2022, surging by X% on the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2021 to 2022, the growth of the average sheep and goat meat yield remained at a somewhat lower figure.

The number of animals slaughtered for sheep and goat meat production in Egypt dropped slightly to X heads in 2022, leveling off at the year before. Over the period under review, the number of producing animals recorded a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the number of producing animals reached the peak level of X heads. From 2017 to 2022, the growth of this number failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Egypt

In 2022, sheep and goat meat exports from Egypt fell markedly to X tons, waning by X% against the year before. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports contracted notably to $X in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg), Qatar (X kg) and Bahrain (X kg) were the main destinations of sheep and goat meat exports from Egypt, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Oman ($X) and Bahrain ($X) constituted the largest markets for sheep and goat meat exported from Egypt worldwide, with a combined X% share of total exports.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Egypt

In 2022, purchases abroad of sheep and goat meat was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, sheep and goat meat imports soared to $X in 2022. Over the period under review, imports, however, saw a pronounced contraction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of sheep and goat meat to Egypt, with a X% share of total imports. Moreover, sheep and goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, Sudan (X tons), more than tenfold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sudan (X% per year) and Turkey (X% per year).

In value terms, Australia ($X) constituted the largest supplier of sheep and goat meat to Egypt, comprising X% of total imports. The second position in the ranking was held by Sudan ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sudan (X% per year) and Turkey (X% per year).

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a notable increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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