Australia - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGoat Meat Price in Australia - 2023
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Goat Meat Price in Australia (FOB) - 2023
In July 2023, the average goat meat export price amounted to $4,933 per ton, approximately equating the previous month. Overall, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 9.8% m-o-m. As a result, the export price reached the peak level of $8,743 per ton. From September 2022 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was South Korea ($6,439 per ton), while the average price for exports to Taiwan (Chinese) ($2,637 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-3.2%), while the prices for the other major destinations experienced a decline.
Goat Meat Exports in Australia
In 2022, goat meat exports from Australia expanded rapidly to 21K tons, increasing by 11% against 2021. In general, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, goat meat exports declined modestly to $181M in 2022. Over the period under review, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 82% against the previous year. As a result, the exports attained the peak of $182M, leveling off in the following year.
Export of Goat Meat in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 117 | 57.8 | 120 | 106 | -3.2% |
South Korea | 10.1 | 8.3 | 19.9 | 35.7 | 52.3% |
Taiwan (Chinese) | 10.2 | 10.1 | 10.6 | 11.7 | 4.7% |
Canada | 7.1 | 6.7 | 12.4 | 11.5 | 17.4% |
Trinidad and Tobago | 7.2 | 4.7 | 3.9 | 7.9 | 3.1% |
Japan | 2.9 | 3.1 | 3.9 | 3.9 | 10.4% |
China | 0.9 | 1.0 | 1.5 | 2.0 | 30.5% |
Others | 8.4 | 8.2 | 9.4 | 2.6 | -32.4% |
Total | 164 | 99.8 | 182 | 181 | 3.3% |
Top Export Markets for Goat Meat from Australia in 2022:
- United States (12.0K tons)
- South Korea (3.7K tons)
- Taiwan (Chinese) (2.1K tons)
- Canada (1.3K tons)
- Trinidad and Tobago (1.0K tons)
- China (0.4K tons)
- Japan (0.4K tons)
This report provides an in-depth analysis of the goat meat market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1017 - Goat meat
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The exports of Goat Meat peaked at 40K tons in 2014, but from 2015 to 2023, they remained at a slightly lower level. In terms of value, Goat Meat exports dropped to $158M in 2023.
The growth rate for Goat Meat was at its highest in February 2023 with a month-on-month increase of 98%. However, in January 2024, the value of goat meat exports plummeted to $11M.
The price of Goat Meat, FOB Australia, declined by -3.7% to $4,743 per ton in May 2023 compared to the previous month.
In November 2022, the sheep and goat meat price amounted to $5,975 per ton (FOB, Australia), declining by -8.5% against the previous month.
During the period examined, Lamb and Sheep Meat exports peaked at 495K tons in 2019. However, exports did not recover momentum from 2020 to 2023. In terms of value, exports of Lamb and Sheep Meat decreased to $3.5B in 2023.
As a result, the exports of Lamb and Sheep Meat attained their peak and are expected to continue growing in the near future. In terms of value, Lamb and Sheep Meat exports decreased to $3B in 2023.
In December 2022, the price of lamb and sheep meat decreased by -4.2% to $5,767 per ton (FOB, Australia) compared to the previous month.
In August 2022, the lamb and sheep meat price stood at $7,115 per ton (FOB, Australia), with a decrease of -1.6% against the previous month.
Global goat meat consumption amounted to X thousand tons in 2015, leveling off at the previous year level.
Global goat meat market production was estimated at X thousand tons in 2015, which was X thousand tons more than in 2014. There was an annual increase of +X% in physical terms and +X% in value terms for the period from 2007 to 2015. In v