Zambia: Goat Meat Market 2020

Goat Meat Market Size in Zambia

The revenue of the goat meat market in Zambia amounted to $X in 2018, increasing by X% against the previous year. In general, the total market indicated noticeable growth from 2007 to 2018: its value 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 consumption increased by +X% against 2008 indices. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Over the period under review, the goat meat market reached its maximum level in 2018 and is likely to see steady growth in the near future.

Goat Meat Production in Zambia

In value terms, goat meat production totaled $X in 2018 estimated in export prices. Overall, goat meat production continues to indicate resilient growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Zambia goat meat production peaked in 2018 and is likely to see steady growth in the immediate term.

Goat Meat Exports

Exports by Country

Australia represented the largest exporter of goat meat in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2018. Ethiopia (X tons) ranks second in terms of the total exports with a X% share, followed by Kenya (X%) and China (X%). Spain (X tons), France (X tons), Tanzania (X tons), Sudan (X tons), Pakistan (X tons), Greece (X tons) and New Zealand (X tons) held a little share of total exports.

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. While the share of Australia (+X p.p.), Ethiopia (+X p.p.), Kenya (+X p.p.), Spain (+X p.p.) and Sudan (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Pakistan (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Australia, goat meat exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

The goat meat export price in Zambia stood at $X per ton in 2018, approximately reflecting the previous year. In general, the goat meat export price continues to indicate a relatively flat trend pattern. Zambia export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

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 by Country

The U.S. was the key importer of goat meat in the world, with the volume of imports recording X tons, which was near X% of total imports in 2018. The United Arab Emirates (X tons) ranks second in terms of the total imports with a X% share, followed by Oman (X%), Taiwan, Chinese (X%) and Canada (X%). 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) held a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. 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. While the share of 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.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Zambia, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($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%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the goat meat import price in Zambia amounted to $X per ton, approximately equating the previous year. In general, the goat meat import price continues to indicate a relatively flat trend pattern. Zambia import price peaked at $X per ton in 2016; however, from 2017 to 2018, import prices remained at a lower figure.

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