Southern Asia: Market for Sheep And Goat Meat 2022

Market Size for Sheep And Goat Meat in Southern Asia

After two years of growth, the South Asian sheep and goat meat market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Sheep And Goat Meat in Southern Asia

In value terms, sheep and goat meat production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

The countries with the highest volumes of in 2021 were India (X tons), Pakistan (X tons) and Bangladesh (X tons), together accounting for X% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Pakistan (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 Southern Asia dropped modestly to X kg per X heads, waning by -X% on the year before. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of yield peaked at X kg per head in 2013; however, from 2014 to 2021, the yield stood at a somewhat lower figure.

The global number of animals slaughtered for sheep and goat meat production expanded to X heads in 2021, increasing by X% against the previous year. This number increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the number of producing animals increased by X% against the previous year. Over the period under review, this number hit record highs in 2021 and is expected to retain growth in years to come.

Exports of Sheep And Goat Meat

Exports in Southern Asia

For the third year in a row, Southern Asia recorded decline in overseas shipments of sheep and goat meat, which decreased by -X% to X tons in 2021. In general, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export 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 fell rapidly to $X in 2021. Over the period under review, exports faced a sharp descent. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Pakistan prevails in exports structure, amounting to X tons, which was near X% of total exports in 2021. It was distantly followed by India (X tons), mixing up an X% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sheep and goat meat exports from Pakistan stood at -X%. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2012-2021. By contrast, India (-X%) illustrated a downward trend over the same period. Bangladesh (+X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest sheep and goat meat supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In Pakistan, sheep and goat meat exports contracted by an average annual rate of -X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (-X% per year) and Bangladesh (+X% per year).

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, growing 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, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+X%), while the other leaders experienced a decline in the export price figures.

Imports of Sheep And Goat Meat

Imports in Southern Asia

In 2021, overseas purchases of sheep and goat meat increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, sheep and goat meat imports stood at $X in 2021. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Sri Lanka represented the largest importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Pakistan (X tons), creating a X% share of total imports. India (X tons) followed a long way behind the leaders.

Imports into Sri Lanka increased at an average annual rate of +X% from 2012 to 2021. At the same time, India (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2012-2021. Sri Lanka (+X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X), Pakistan ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

In terms of the main importing countries, Pakistan, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, reducing by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform