Somalia: Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Somalia

The revenue of the sheep and goat meat market in Somalia amounted to $X in 2018, standing approx. at the previous year. In general, the total market indicated slight growth from 2007 to 2018: its value decreased 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, sheep and goat meat consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Somalia sheep and goat meat consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat in Somalia

In value terms, sheep and goat meat production amounted to $X in 2018 estimated in export prices. Overall, sheep and goat meat production continues to indicate measured growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Somalia sheep and goat meat production peaked at $X in 2015; however, from 2016 to 2018, production stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Somalia

In 2018, the sheep and goat meat exports from Somalia stood at X tons, waning by -X% against the previous year. In general, sheep and goat meat exports continue to indicate a drastic slump. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Somalia exports peaked at X tons in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

In value terms, sheep and goat meat exports stood at $X in 2018. In general, sheep and 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 remained at a lower figure.

Exports by Country

In 2018, Australia (X tons) and New Zealand (X tons) were the key exporters of sheep and goat meataround the world, together reaching approx. X% of total exports. It was distantly followed by the UK (X tons), creating a X% share of total exports. The following exporters - Ireland (X tons), Spain (X tons), the Netherlands (X tons) and India (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and the UK ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Ireland, the Netherlands, Spain, India and Somalia, which together accounted for a further X the main exporting countries, the Netherlands recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The sheep and goat meat export price in Somalia stood at $X per ton in 2018, remaining constant against the previous year. Over the period under review, the export price indicated mild growth from 2007 to 2018: its price 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, sheep and goat meat export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded 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 failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Imports of Sheep And Goat Meat

Imports into Somalia

In 2018, approx. X tons of sheep and goat meat were imported into Somalia; rising by X% against the previous year. In general, sheep and goat meat imports continue to indicate strong growth. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, sheep and goat meat imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, sheep and goat meat imports totaled $X in 2018. Overall, sheep and goat meat imports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Somalia imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, China (X tons), distantly followed by the U.S. (X tons), France (X tons) and the UK (X tons) represented the major importers of sheep and goat meat, together committing X% of total imports. The following importers - the United Arab Emirates (X tons), Germany (X tons), Saudi Arabia (X tons), Malaysia (X tons), the Netherlands (X tons), Qatar (X tons), Canada (X tons) and Japan (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Somalia, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and France ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by the UK, Germany, the United Arab Emirates, Saudi Arabia, the Netherlands, Qatar, Japan, Malaysia, Canada and Somalia, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the sheep and goat meat import price in Somalia amounted to $X per ton, surging by X% against the previous year. Overall, the import price indicated a strong 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. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Somalia import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform