New Zealand: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in New Zealand

The New Zealand sheep and goat meat market fell to $X in 2021, which is down by -X% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. Sheep and goat meat consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Sheep And Goat Meat in New Zealand

In value terms, sheep and goat meat production dropped slightly to $X in 2021 estimated in export price. Overall, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

The average yield of sheep and goat meat in New Zealand fell slightly to X kg per head in 2021, with a decrease of -X% against the previous year's figure. In general, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2018 to 2021, the growth of the average sheep and goat meat yield remained at a somewhat lower figure.

In 2021, the number of animals slaughtered for sheep and goat meat production in New Zealand rose modestly to X heads, growing by X% against the previous year's figure. Overall, the total number of producing animals indicated a buoyant increase from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, number of animals slaughtered for sheep and goat meat production increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2018 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs in 2021 and is likely to see steady growth in years to come.

Exports of Sheep And Goat Meat

Exports from New Zealand

Sheep and goat meat exports from New Zealand rose slightly to X tons in 2021, picking up by X% against the year before. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sheep and goat meat exports rose markedly to $X in 2021. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Saudi Arabia (X tons) and Hong Kong SAR (X tons) were the main destinations of sheep and goat meat exports from New Zealand, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Hong Kong SAR (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sheep and goat meat exported from New Zealand were the United States ($X), Saudi Arabia ($X) and Canada ($X), with a combined X% share of total exports.

The United States, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2021, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into New Zealand

Sheep and goat meat imports into New Zealand declined dramatically to X tons in 2021, with a decrease of -X% against the year before. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, sheep and goat meat imports reached $X in 2021. In general, imports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) was the main supplier of sheep and goat meat to New Zealand, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Spain exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and the United States (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and the United States (-X% per year).

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. Overall, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform