Malaysia: Goat Meat Market 2025

Goat Meat Market Size in Malaysia

The Malaysian goat meat market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, faced a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Goat Meat Production in Malaysia

In value terms, goat meat production dropped slightly to $X in 2022 estimated in export price. In general, production, however, faced a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average yield of goat meat in Malaysia rose notably to X kg per head, surging by 6.2% on 2021. Overall, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 9.4%. As a result, the yield reached the peak level of X kg per head. From 2020 to 2022, the growth of the average goat meat yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for goat meat production in Malaysia; with a decrease of -2.2% against the year before. Overall, the number of producing animals saw a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 12% against the previous year. The number of animals slaughtered for goat meat production peaked at X heads in 2012; however, from 2013 to 2022, producing animals remained at a lower figure.

Goat Meat Exports

Exports from Malaysia

In 2022, approx. X tons of goat meat were exported from Malaysia; therefore, remained relatively stable against 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 199% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, goat meat exports amounted to $X in 2022. Over the period under review, exports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 324% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for goat meat exports from Malaysia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman was relatively modest.

In value terms, Oman ($X) also remains the key foreign market for goat meat exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to Oman was relatively modest.

Export Prices by Country

The average goat meat export price stood at $X per ton in 2022, therefore, remained relatively stable 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 2013 an increase of 212%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +0.1% per year.

Goat Meat Imports

Imports into Malaysia

In 2022, imports of goat meat into Malaysia surged to X tons, rising by 168% compared with the previous year. In general, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 458%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, goat meat imports surged to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when imports increased by 719% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest goat meat supplier to Malaysia, accounting for a 83% share of total imports. Moreover, goat meat imports from Singapore exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore totaled +59.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-4.2% per year) and Australia (-30.1% per year).

In value terms, Singapore ($X) constituted the largest supplier of goat meat to Malaysia, comprising 67% of total imports. The second position in the ranking was held by Australia ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore amounted to +60.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-23.1% per year) and New Zealand (+0.4% per year).

Import Prices by Country

The average goat meat import price stood at $X per ton in 2022, reducing by -36% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 79%. As a result, import price attained the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Singapore ($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 (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :