South-Eastern Asia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in South-Eastern Asia

The Southeast Asian sheep and goat meat market expanded rapidly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Sheep And Goat Meat in South-Eastern Asia

In value terms, sheep and goat meat production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Indonesia (X tons) remains the largest sheep and goat meat producing country in South-Eastern Asia, accounting for X% of total volume. Moreover, sheep and goat meat production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with an X% share.

In Indonesia, sheep and goat meat production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the Philippines (X% per year) and Vietnam (X% per year).

The average sheep and goat meat yield fell remarkably to X kg per head in 2022, reducing by X% on 2021 figures. In general, the yield continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the yield increased by X%. Over the period under review, the sheep and goat meat yield reached the peak level at X kg per head in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure.

In 2022, number of animals slaughtered for sheep and goat meat production in South-Eastern Asia skyrocketed to X heads, with an increase of X% on 2021. This number increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, this number hit record highs at X heads in 2020; however, from 2021 to 2022, producing animals remained at a lower figure.

Exports of Sheep And Goat Meat

Exports in South-Eastern Asia

In 2022, overseas shipments of sheep and goat meat were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sheep and goat meat exports declined significantly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Singapore (X tons) represented the major exporter of sheep and goat meat, comprising X% of total exports. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (X%). Vietnam (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the sheep and goat meat exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Myanmar (X%) illustrated a downward trend over the same period. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Myanmar saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest sheep and goat meat supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price showed a mild decrease. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced a decline in the export price figures.

Imports of Sheep And Goat Meat

Imports in South-Eastern Asia

In 2022, approx. X tons of sheep and goat meat were imported in South-Eastern Asia; picking up by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat imports surged to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) represented the key importer of sheep and goat meat, comprising X% of total imports. Singapore (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together took approx. X% share of total imports. Thailand (X tons) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Singapore (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Malaysia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported sheep and goat meat in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Malaysia, sheep and goat meat imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sheep and goat meat import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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