Overview of the Global Market for Sheep And Goat Meat

Market Size for Sheep And Goat Meat

In 2022, after five years of growth, there was decline in the global sheep and goat meat market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2021, and then shrank slightly in the following year.

Production of Sheep And Goat Meat

In value terms, sheep and goat meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of sheep and goat meat production was China (X tons), comprising approx. X% of total volume. Moreover, sheep and goat meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), sixfold. Pakistan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Pakistan (X% per year).

The global average sheep and goat meat yield declined to X kg per head in 2022, approximately mirroring 2021. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The global yield peaked at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.

In 2022, global number of animals slaughtered for sheep and goat meat production dropped modestly to X heads, approximately equating 2021 figures. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. The global producing animals peaked at X heads in 2021, and then shrank modestly in the following year.

Exports of Sheep And Goat Meat

Exports

In 2022, overseas shipments of sheep and goat meat increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sheep and goat meat exports amounted to $X in 2022. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Australia (X tons) and New Zealand (X tons) were the major exporters of sheep and goat meat in 2022, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by the UK (X tons), comprising a X% share of total exports. Ireland (X tons), Spain (X tons), France (X tons), Uruguay (X tons) and the Netherlands (X tons) held a relatively small share of total exports.

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

In value terms, Australia ($X), New Zealand ($X) and the UK ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Ireland, the Netherlands, France, Spain and Uruguay lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sheep and goat meat export price amounted to $X per ton, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell slightly in the following year.

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

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

Imports of Sheep And Goat Meat

Imports

In 2022, global imports of sheep and goat meat rose to X tons, increasing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, global imports reached the maximum at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, sheep and goat meat imports rose significantly to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

China was the main importing country with an import of about X tons, which recorded X% of total imports. The United States (X tons) took the second position in the ranking, followed by France (X tons) and the United Arab Emirates (X tons). All these countries together held approx. X% share of total imports. The UK (X tons), Malaysia (X tons), Germany (X tons), the Netherlands (X tons), Canada (X tons), Italy (X tons), South Korea (X tons), Qatar (X tons) and Japan (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Malaysia (X%), the United States (X%), the Netherlands (X%), Canada (X%), the United Arab Emirates (X%), Japan (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. France and Qatar experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the United States (X p.p.) and South Korea (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of France (X p.p.) and the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of global imports. The United Arab Emirates, Germany, the UK, the Netherlands, Malaysia, Canada, South Korea, Japan, Italy and Qatar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Global import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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