China: Goat Meat Market 2024

Goat Meat Market Size in China

In 2023, the Chinese goat meat market decreased by X% to $X, falling for the second consecutive year after five years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Goat meat consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Goat Meat Production in China

In value terms, goat meat production fell to $X in 2023 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. Goat meat production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

In 2023, the average yield of goat meat in China totaled X kg per head, standing approx. at the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. The goat meat yield peaked at X kg per head in 2020; however, from 2021 to 2023, the yield stood at a somewhat lower figure.

In 2023, number of animals slaughtered for goat meat production in China was estimated at X heads, remaining stable against 2022. In general, the number of producing animals recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2016; however, from 2017 to 2023, producing animals failed to regain momentum.

Goat Meat Exports

Exports from China

For the seventh year in a row, China recorded decline in overseas shipments of goat meat, which decreased by X% to X tons in 2023. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, goat meat exports shrank markedly to $X in 2023. Overall, exports continue to indicate a significant decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for goat meat exports from China, accounting for a X% share of total exports. Moreover, goat meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Hong Kong SAR totaled X%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for goat meat exports from China, comprising X% of total exports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Hong Kong SAR totaled X%.

Export Prices by Country

In 2023, the average goat meat export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2023: its price 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. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then reduced markedly in the following year.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Macao SAR amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Goat Meat Imports

Imports into China

Goat meat imports into China fell modestly to X tons in 2023, which is down by X% on 2022. In general, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, goat meat imports skyrocketed to $X in 2023. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Australia (X tons) was the main supplier of goat meat to China, with a X% share of total imports. It was followed by New Zealand (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from Australia amounted to X%.

In value terms, Australia ($X) constituted the largest supplier of goat meat to China, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Australia amounted to X%.

Import Prices by Country

In 2023, the average goat meat import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for New Zealand totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform