EU: Goat Meat Market 2024

Goat Meat Market Size in the EU

The EU goat meat market totaled $X in 2022, standing approx. at the previous year. In general, consumption, however, showed a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Goat Meat Production in the EU

In value terms, goat meat production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The growth pace was the most rapid in 2019 with an increase of 14% 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.

Greece (X tons) remains the largest goat meat producing country in the European Union, accounting for 40% of total volume. Moreover, goat meat production in Greece exceeded the figures recorded by the second-largest producer, Spain (X tons), twofold. France (X tons) ranked third in terms of total production with an 11% share.

In Greece, goat meat production declined by an average annual rate of -8.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+0.4% per year) and France (-6.9% per year).

In 2022, the average goat meat yield in the European Union reduced to X kg per head, falling by -2.1% on the year before. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by 6.8%. The level of yield peaked at X kg per head in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure.

In 2022, the number of animals slaughtered for goat meat production in the European Union totaled X heads, remaining stable against 2021 figures. Overall, the number of producing animals, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 1.8%. The level of producing animals peaked at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

Goat Meat Exports

Exports in the EU

After two years of decline, overseas shipments of goat meat increased by 1.8% to X tons in 2022. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 37%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, goat meat exports rose significantly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 19%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Spain (X tons) was the main exporter of goat meat, making up 39% of total exports. It was distantly followed by France (X tons), Greece (X tons), the Netherlands (X tons) and Italy (X tons), together making up a 57% share of total exports. Romania (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +27.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest goat meat supplying countries in the European Union were Spain ($X), France ($X) and Greece ($X), with a combined 83% share of total exports. The Netherlands, Italy and Romania lagged somewhat behind, together comprising a further 14%.

Romania, with a CAGR of +28.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, growing by 6.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 17%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the other leaders experienced more modest paces of growth.

Goat Meat Imports

Imports in the EU

In 2022, purchases abroad of goat meat increased by 22% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, goat meat imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of goat meat, namely Portugal, France, Italy and Romania, represented more than two-thirds of total import. It was distantly followed by Spain (X tons), committing a 4.6% share of total imports. Belgium (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +141.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest goat meat importing markets in the European Union were Portugal ($X), Italy ($X) and France ($X), together accounting for 81% of total imports. Spain, Romania, Belgium and the Netherlands lagged somewhat behind, together comprising a further 12%.

In terms of the main importing countries, Romania, with a CAGR of +112.3%, recorded 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

The import price in the European Union stood at $X per ton in 2022, falling by -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the import price increased by 12% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

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 Spain ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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