Saudi Arabia: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Saudi Arabia

The Saudi sheep and goat meat market reduced to $X in 2021, which is down by -X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Sheep And Goat Meat in Saudi Arabia

In value terms, sheep and goat meat production declined to $X in 2021 estimated in export price. Overall, production recorded a mild downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

The average yield of sheep and goat meat in Saudi Arabia contracted to X kg per head in 2021, waning by -X% against 2020 figures. Over the period under review, the yield showed a relatively flat trend pattern. Over the period under review, the average sheep and goat meat yield hit record highs at X kg per head in 2012; however, from 2013 to 2021, the yield failed to regain momentum.

In 2021, number of animals slaughtered for sheep and goat meat production in Saudi Arabia totaled X heads, picking up by X% on 2020. This number increased at an average annual rate of +X% over the period 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 2019 when the number of producing animals increased by X%. The number of animals slaughtered for sheep and goat meat production peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Sheep And Goat Meat

Exports from Saudi Arabia

In 2021, approx. X tons of sheep and goat meat were exported from Saudi Arabia; waning by -X% on the previous year. In general, exports faced a sharp contraction. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, sheep and goat meat exports reduced to $X in 2021. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for sheep and goat meat exports from Saudi Arabia, with a X% share of total exports. Moreover, sheep and goat meat exports to Egypt exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was held by Yemen (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Yemen (-X% per year).

In value terms, the largest markets for sheep and goat meat exported from Saudi Arabia were Egypt ($X), Yemen ($X) and Pakistan ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of -X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average sheep and goat meat export price amounted to $X per ton, declining by -X% against the previous year. Overall, the export price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Kuwait ($X per ton), while the average price for exports to Oman ($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 Kuwait (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into Saudi Arabia

In 2021, the amount of sheep and goat meat imported into Saudi Arabia soared to X tons, increasing by X% on the year before. Overall, imports, however, showed a deep reduction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Kenya (X tons), Ethiopia (X tons) and New Zealand (X tons) were the main suppliers of sheep and goat meat imports to Saudi Arabia, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kenya (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X), Kenya ($X) and New Zealand ($X) were the largest sheep and goat meat suppliers to Saudi Arabia, together comprising X% of total imports. These countries were followed by Pakistan, Australia, India and Spain, which together accounted for a further X the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, import price indicated a temperate 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 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell dramatically in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per ton), while the price for Kenya ($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 more modest paces of growth.

Source: IndexBox Platform