Equatorial Guinea: Goat Meat Market 2020

Goat Meat Market Size in Equatorial Guinea

The revenue of the goat meat market in Equatorial Guinea amounted to $X in 2018, increasing by X% against the previous year. In general, the total market indicated a resilient expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat consumption increased by +X% against 2008 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the goat meat market reached its peak figure level in 2018 and is likely to see steady growth in the immediate term.

Goat Meat Production in Equatorial Guinea

In value terms, goat meat production stood at $X in 2018 estimated in export prices. Overall, the total output indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat production increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2010 when production volume increased by X% year-to-year. Equatorial Guinea goat meat production peaked in 2018 and is expected to retain its growth in the near future.

Goat Meat Exports

Exports by Country

Australia was the key exporter of goat meat in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2018. Ethiopia (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Kenya (X%) and China (X%). Spain (X tons), France (X tons), Tanzania (X tons), Sudan (X tons), Pakistan (X tons), Greece (X tons) and New Zealand (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to goat meat exports from Australia stood at +X%. At the same time, Spain (+X%), Sudan (+X%), Kenya (+X%), Greece (+X%), Ethiopia (+X%), New Zealand (+X%) and Tanzania (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. By contrast, Pakistan (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia, Ethiopia, Kenya, Spain and Sudan increased by +X%, +X%, +X%, +X% and +X% percentage points, while Pakistan (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest goat meat supplier from Equatorial Guinea, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Australia stood at +X%. In the other countries, the average annual rates were as follows: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

The goat meat export price in Equatorial Guinea stood at $X per ton in 2018, leveling off at the previous year. Overall, the goat meat export price continues to indicate a relatively flat trend pattern.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Goat Meat Imports

Imports into Equatorial Guinea

Goat meat imports into Equatorial Guinea amounted to X kg in 2018, picking up by X% against the previous year. Overall, goat meat imports continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. In that year, goat meat imports reached their peak of X kg. From 2017 to 2018, the growth of goat meat imports failed to regain its momentum.

In value terms, goat meat imports stood at $X in 2018. Over the period under review, goat meat imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. In that year, goat meat imports reached their peak of $X. From 2017 to 2018, the growth of goat meat imports remained at a lower figure.

Imports by Country

The U.S. was the major importer of goat meat in the world, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2018. The United Arab Emirates (X tons) took the second position in the ranking, followed by Oman (X tons), Taiwan, Chinese (X tons) and Canada (X tons). All these countries together took approx. X% share of total imports. Portugal (X tons), South Korea (X tons), Saudi Arabia (X tons), China, Hong Kong SAR (X tons), Vietnam (X tons), Trinidad and Tobago (X tons) and Italy (X tons) occupied a little share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Vietnam (+X%), Portugal (+X%), Canada (+X%), the United Arab Emirates (+X%), Oman (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. China, Hong Kong SAR, Taiwan, Chinese and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), the United Arab Emirates (+X p.p.), South Korea (+X p.p.), Canada (+X p.p.), Portugal (+X p.p.), Oman (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Equatorial Guinea, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

The goat meat import price in Equatorial Guinea stood at $X per ton in 2018, surging by X% against the previous year. In general, the goat meat import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X% year-to-year. In that year, the import prices for goat meat reached their peak level of $X per ton. From 2017 to 2018, the growth in terms of the import prices for goat meat remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform