Malaysia: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Malaysia

The Malaysian sheep and goat meat market dropped to $X in 2021, shrinking by -X% against the previous year. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Malaysia

In value terms, sheep and goat meat production dropped to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

The average yield of sheep and goat meat in Malaysia totaled X kg per head in 2021, approximately equating the year before. Overall, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The sheep and goat meat yield peaked at X kg per head in 2012; afterwards, it flattened through to 2021.

In 2021, approx. X heads of animals slaughtered for sheep and goat meat production in Malaysia; picking up by X% compared with the previous year's figure. Overall, the number of producing animals, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when the number of producing animals increased by X% against the previous year. The number of animals slaughtered for sheep and goat meat production peaked at X heads in 2012; however, from 2013 to 2021, producing animals remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from Malaysia

Sheep and goat meat exports from Malaysia contracted modestly to X tons in 2021, stabilizing at the previous year's figure. Over the period under review, exports continue to indicate a slight slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports declined to $X in 2021. Overall, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2021, 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 sheep and goat meat exports from Malaysia.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to -X%.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, the export price continues to indicate a perceptible descent. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Oman amounted to -X% per year.

Imports of Sheep And Goat Meat

Imports into Malaysia

In 2021, imports of sheep and goat meat into Malaysia dropped rapidly to X tons, waning by -X% on the previous year. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, sheep and goat meat imports fell sharply to $X in 2021. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) was the main sheep and goat meat supplier to Malaysia, with a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at -X%.

In value terms, Australia ($X) constituted the largest supplier of sheep and goat meat to Malaysia.

From 2012 to 2021, the average annual growth rate of value from Australia stood at -X%.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep and goat meat import price increased by +X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to +X% per year.

Source: IndexBox Platform