South-Eastern Asia: Market for Sheep And Goat Meat 2022

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

The Southeast Asian sheep and goat meat market stood at $X in 2021, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Sheep And Goat Meat in South-Eastern Asia

In value terms, sheep and goat meat production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

The countries with the highest volumes of in 2021 were Myanmar (X tons), Indonesia (X tons) and the Philippines (X tons), with a combined X% share of total production. These countries were followed by Vietnam, which accounted for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Vietnam (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average sheep and goat meat yield in South-Eastern Asia fell slightly to X kg per head, remaining relatively unchanged against 2020 figures. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the yield attained the peak level of X kg per head. From 2020 to 2021, the growth of the sheep and goat meat yield remained at a somewhat lower figure.

The global number of animals slaughtered for sheep and goat meat production expanded slightly to X heads in 2021, with an increase of X% against the previous year. This number increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of producing animals peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Sheep And Goat Meat

Exports in South-Eastern Asia

Sheep and goat meat exports contracted remarkably to X tons in 2021, waning by -X% on the year before. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, sheep and goat meat exports dropped markedly to $X in 2021. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of sheep and goat meat, namely Malaysia, Myanmar and Singapore, represented more than two-thirds of total export. It was distantly followed by Vietnam (X tons), making up a X% share of total exports.

From 2012 to 2021, the biggest increases were in Singapore (with a CAGR of +X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest sheep and goat meat supplying countries in South-Eastern Asia were Myanmar ($X), Malaysia ($X) and Singapore ($X), with a combined X% share of total exports.

Among the main exporting countries, Singapore, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, declining by -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, 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

After two years of growth, overseas purchases of sheep and goat meat decreased by -X% to X tons in 2021. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, sheep and goat meat imports shrank dramatically to $X in 2021. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Malaysia (X tons) and Vietnam (X tons) represented roughly X% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of -X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest sheep and goat meat importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Singapore ($X), together accounting for X% of total imports.

Singapore, with a CAGR of -X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, 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