Report Update Jan 1, 2025

Puerto Rico - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Goat Meat Market 2022

Goat Meat Market Size in Puerto Rico

In 2021, the Puerto Rican goat meat market decreased by -4.6% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Goat Meat Production in Puerto Rico

In value terms, goat meat production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 35%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

In 2021, the average yield of goat meat in Puerto Rico contracted to X kg per head, reducing by -6.6% against 2020. The yield figure increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 15%. Over the period under review, the goat meat yield reached the maximum level at X kg per head in 2020, and then dropped in the following year.

The number of animals slaughtered for goat meat production in Puerto Rico stood at X head in 2021, remaining relatively unchanged against the previous year. Overall, the number of producing animals, however, recorded a slight contraction. The pace of growth was the most pronounced in 2014 when the number of producing animals increased by 21% against the previous year. As a result, the amount of producing animals attained the peak level of X heads. From 2015 to 2021, the growth of this number remained at a somewhat lower figure.

Goat Meat Exports

Exports by Country

Australia represented the largest exporting country with an export of about X tons, which reached 39% of total exports. It was distantly followed by Ethiopia (X tons), Kenya (X tons) and Spain (X tons), together mixing up a 40% share of total exports. France (X tons), Greece (X tons), New Zealand (X tons), Mongolia (X tons), the Netherlands (X tons), Mexico (X tons), Pakistan (X tons) and China (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mongolia (with a CAGR of +43.6%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest goat meat supplier from Puerto Rico, comprising 51% of global exports. The second position in the ranking was held by Ethiopia ($X), with a 15% share of global exports. It was followed by Kenya, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +5.9%. In the other countries, the average annual rates were as follows: Ethiopia (+2.3% per year) and Kenya (+22.1% per year).

Goat Meat Imports

Imports by Country

The United States was the main importing country with an import of around X tons, which resulted at 41% of total imports. The United Arab Emirates (X tons) held the second position in the ranking, distantly followed by Qatar (X tons). All these countries together held near 23% share of total imports. Canada (X tons), Taiwan (Chinese) (X tons), Portugal (X tons), Oman (X tons), France (X tons), South Korea (X tons), the UK (X tons), Italy (X tons), Bahrain (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were in the UK (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported goat meat into Puerto Rico, comprising 45% of global imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of global imports. It was followed by Canada, with a 4.4% share.

In the United States, goat meat imports increased at an average annual rate of +9.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+4.9% per year) and Canada (+7.2% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for goat meat in the world?

China constituted the country with the largest volume of goat meat consumption, comprising approx. 38% of total volume. Moreover, goat meat consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. Pakistan ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of goat meat in the world?

The country with the largest volume of goat meat production was China, accounting for 38% of total volume. Moreover, goat meat production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Pakistan ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of goat meat to Puerto Rico?

In value terms, the United States constitutes the largest market for imported goat meat into Puerto Rico, comprising 42% of global imports. The second position in the ranking was occupied by the United Arab Emirates, with a 16% share of global imports. It was followed by Canada, with a 3.8% share.

What are the leading importers of goat meat from Puerto Rico?

In value terms, Australia remains the largest goat meat supplier from Puerto Rico, comprising 40% of global exports. The second position in the ranking was occupied by Ethiopia, with a 17% share of global exports. It was followed by Kenya, with a 14% share.

What is the average export price for goat meat in Puerto Rico?

The goat meat export price in Puerto Rico stood at $less than 0.1 per ton in 2021, standing approx. at the previous year.

What is the average import price for goat meat in Puerto Rico?

The goat meat import price in Puerto Rico stood at $less than 0.1 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the goat meat market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1017 - Goat meat

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024