Middle East: Goat Meat Market 2024

Goat Meat Market Size in the Middle East

The Middle Eastern goat meat market reached $X in 2022, approximately reflecting the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; afterwards, it flattened through to 2022.

Goat Meat Production in the Middle East

In value terms, goat meat production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Yemen (X tons) and the United Arab Emirates (X tons), together comprising 62% of total production. Saudi Arabia, Iran, Oman and Syrian Arab Republic lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Saudi Arabia (with a CAGR of +6.1%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of goat meat in the Middle East dropped modestly to X kg per head, approximately equating 2021 figures. In general, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 5.8% against the previous year. The level of yield peaked at X kg per head in 2012; however, from 2013 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for goat meat production in the Middle East reduced modestly to X heads, waning by -2.3% on the year before. This number increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 8.3%. Over the period under review, this number reached the peak level at X heads in 2021, and then reduced modestly in the following year.

Goat Meat Exports

Exports in the Middle East

In 2022, approx. X tons of goat meat were exported in the Middle East; with an increase of 5.4% against the previous year's figure. Over the period under review, exports, however, recorded a mild descent. The growth pace was the most rapid in 2017 when exports increased by 78% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, goat meat exports shrank to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 78%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X tons, which accounted for 77% of total exports. It was distantly followed by Kuwait (X tons), creating a 16% share of total exports. Jordan (X tons) and Oman (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to goat meat exports from the United Arab Emirates stood at +3.5%. At the same time, Kuwait (+48.7%), Oman (+16.7%) and Jordan (+7.6%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +48.7% from 2012-2022. While the share of the United Arab Emirates (+29 p.p.), Kuwait (+16 p.p.), Oman (+1.8 p.p.) and Jordan (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest goat meat supplier in the Middle East, comprising 62% of total exports. The second position in the ranking was held by Kuwait ($X), with a 27% share of total exports. It was followed by Oman, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (+55.0% per year) and Oman (+22.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, falling by -11.2% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, goat meat export price increased by +33.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 45% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Goat Meat Imports

Imports in the Middle East

Goat meat imports dropped to X tons in 2022, with a decrease of -12.3% compared with 2021 figures. Overall, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, goat meat imports fell to $X in 2022. Over the period under review, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, finishing at X tons, which was approx. 78% of total imports in 2022. Oman (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons). All these countries together took near 15% share of total imports. Qatar (X tons) and Bahrain (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the goat meat imports, with a CAGR of +5.1% from 2012 to 2022. Oman (-3.0%), Saudi Arabia (-11.8%), Qatar (-20.6%) and Bahrain (-24.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +46 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported goat meat in the Middle East, comprising 78% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 7.8% share of total imports. It was followed by Oman, with a 6.6% share.

In the United Arab Emirates, goat meat imports increased at an average annual rate of +4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (-8.7% per year) and Oman (-5.7% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 5% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :