Indonesia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Indonesia

The Indonesian sheep and goat meat market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a slight increase. Sheep and goat meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat in Indonesia

In value terms, sheep and goat meat production fell to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The average yield of sheep and goat meat in Indonesia stood at X kg per head in 2022, remaining constant against 2021 figures. Over the period under review, the yield continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2020 to 2022, the growth of the average sheep and goat meat yield remained at a lower figure.

In 2022, number of animals slaughtered for sheep and goat meat production in Indonesia declined slightly to X heads, approximately mirroring 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the number of animals produced attained the peak level of X heads. From 2019 to 2022, the growth of this number failed to regain momentum.

Exports of Sheep And Goat Meat

Exports from Indonesia

In 2022, overseas shipments of sheep and goat meat decreased by X% to X kg, falling for the second consecutive year after two years of decline. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X kg. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, sheep and goat meat exports totaled $X in 2022. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X kg) was the main destination for sheep and goat meat exports from Indonesia, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to Malaysia exceeded the volume sent to the second major destination, New Zealand (X kg), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume to Malaysia was relatively modest.

In value terms, the largest markets for sheep and goat meat exported from Indonesia were New Zealand ($X) and Malaysia ($X).

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Malaysia stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Imports of Sheep And Goat Meat

Imports into Indonesia

In 2022, purchases abroad of sheep and goat meat was finally on the rise to reach X tons after two years of decline. In general, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat imports soared to $X in 2022. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) was the main supplier of sheep and goat meat to Indonesia, accounting for a X% share of total imports. It was followed by New Zealand (X tons), with less than X% share of total imports.

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

In value terms, Australia ($X) constituted the largest supplier of sheep and goat meat to Indonesia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average sheep and goat meat import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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