Somalia: Goat Meat Market 2020

Goat Meat Market Size in Somalia

The revenue of the goat meat market in Somalia amounted to $X in 2018, increasing by X% against the previous year. Over the period under review, the total market indicated a modest expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, the goat meat market attained its peak figure level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Goat Meat Production in Somalia

In value terms, goat meat production stood at $X in 2018 estimated in export prices. In general, the total output indicated a measured increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2012 when production volume increased by X% against the previous year. Somalia goat meat production peaked at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Goat Meat Exports

Exports from Somalia

Goat meat exports from Somalia totaled X tons in 2018, declining by -X% against the previous year. In general, goat meat exports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Somalia exports peaked at X tons in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, goat meat exports amounted to $X in 2018. Over the period under review, goat meat exports continue to indicate an abrupt setback. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Somalia exports peaked at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, Australia (X tons) was the major exporter of goat meat, creating X% of total exports. It was distantly followed by Ethiopia (X tons), Kenya (X tons) and China (X tons), together achieving a X% share of total exports. Spain (X tons), France (X tons), Tanzania (X tons), Sudan (X tons), Pakistan (X tons), Greece (X tons) and New Zealand (X tons) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of +X% from 2007 to 2018. At the same time, Spain (+X%), Sudan (+X%), Kenya (+X%), Greece (+X%), Ethiopia (+X%), New Zealand (+X%) and Tanzania (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. By contrast, Pakistan (-X%) and China (-X%) illustrated a downward trend over the same period. Australia (+X p.p.), Ethiopia (+X p.p.), Kenya (+X p.p.), Spain (+X p.p.) and Sudan (+X p.p.) significantly strengthened its position in terms of the global exports, while Pakistan and China saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest goat meat supplier from Somalia, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Australia totaled +X%. In the other countries, the average annual rates were as follows: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the goat meat export price in Somalia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price indicated a slight expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, goat meat export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2012 when the export price increased by X% against the previous year. Somalia export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Goat Meat Imports

Imports into Somalia

In 2018, the imports of goat meat into Somalia totaled X tons, picking up by X% against the previous year. Overall, goat meat imports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, goat meat imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, goat meat imports totaled $X in 2018. Over the period under review, goat meat imports continue to indicate outstanding growth. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Somalia imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons) represented the major importer of goat meat, mixing up X% of total imports. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons), Taiwan, Chinese (X tons) and Canada (X tons), together achieving a X% share of total imports. Portugal (X tons), South Korea (X tons), Saudi Arabia (X tons), China, Hong Kong SAR (X tons), Vietnam (X tons), Trinidad and Tobago (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to goat meat imports into the U.S. stood at +X%. At the same time, South Korea (+X%), Vietnam (+X%), Portugal (+X%), Canada (+X%), the United Arab Emirates (+X%), Oman (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. China, Hong Kong SAR, Taiwan, Chinese and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.), the United Arab Emirates (+X p.p.), South Korea (+X p.p.), Canada (+X p.p.), Portugal (+X p.p.), Oman (+X p.p.) and Vietnam (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Somalia, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

The goat meat import price in Somalia stood at $X per ton in 2018, jumping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Somalia import price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform