Northern America: Goat Meat Market 2024

Goat Meat Market Size in Northern America

The North American goat meat market expanded notably to $X in 2022, picking up by 8% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.1% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Goat Meat Production in Northern America

In value terms, goat meat production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of goat meat production was the United States (X tons), accounting for 99.9% of total volume.

In the United States, goat meat production shrank by an average annual rate of -1.7% over the period from 2012-2022.

In 2022, the average goat meat yield in Northern America totaled X kg per head, therefore, remained relatively stable against the previous year's figure. Overall, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of less than 0.1%. Over the period under review, the goat meat yield attained the maximum level in 2022 and is expected to retain growth in the near future.

In 2022, number of animals slaughtered for goat meat production in Northern America totaled X heads, increasing by 2.2% on 2021 figures. Over the period under review, the number of producing animals, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 8.6%. The level of producing animals peaked at X heads in 2012; however, from 2013 to 2022, producing animals remained at a lower figure.

Goat Meat Exports

Exports in Northern America

In 2022, approx. X tons of goat meat were exported in Northern America; jumping by 19% on the previous year. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 63%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, goat meat exports expanded notably to $X in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, accounting for X tons, which was near 95% of total exports in 2022. It was distantly followed by Canada (X tons), committing a 4.5% share of total exports.

The United States was also the fastest-growing in terms of the goat meat exports, with a CAGR of -4.0% from 2012 to 2022. Canada (-19.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +17 percentage points.

In value terms, the United States ($X) remains the largest goat meat supplier in Northern America, comprising 85% of total exports. The second position in the ranking was held by Canada ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -5.0%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, which is down by -6% against the previous year. In general, the export price saw a mild decline. The most prominent rate of growth was recorded in 2018 when the export price increased by 28% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.4%).

Goat Meat Imports

Imports in Northern America

In 2022, goat meat imports in Northern America rose remarkably to X tons, with an increase of 12% against the year before. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +109.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 88%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, goat meat imports rose significantly to $X in 2022. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 77%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was near 91% of total imports in 2022. It was distantly followed by Canada (X tons), creating a 9.3% share of total imports.

The United States was also the fastest-growing in terms of the goat meat imports, with a CAGR of +2.8% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-1.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported goat meat in Northern America, comprising 90% of total imports. The second position in the ranking was taken by Canada ($X), with a 9.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +7.1%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, approximately reflecting the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, goat meat import price decreased by -6.5% against 2020 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 17% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.3%).

Source: IndexBox Platform

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