India: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in India

After eleven years of growth, the Indian sheep and goat meat market decreased by X% to $X in 2023. Over the period under review, the total consumption indicated tangible growth from 2012 to 2023: 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 2023 figures, consumption increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. Sheep and goat meat consumption peaked at $X in 2022, and then reduced modestly in the following year.

Production of Sheep And Goat Meat in India

In value terms, sheep and goat meat production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2023 and is likely to continue growth in the immediate term.

In 2023, the average yield of sheep and goat meat in India totaled X kg per head, approximately reflecting the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The sheep and goat meat yield peaked in 2023 and is likely to see steady growth in the immediate term.

In 2023, approx. X heads of animals slaughtered for sheep and goat meat production in India; leveling off at the previous year. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the maximum level at X heads in 2020; however, from 2021 to 2023, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from India

In 2023, shipments abroad of sheep and goat meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, sheep and goat meat exports shrank slightly to $X in 2023. Overall, exports recorded a slight reduction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sheep and goat meat exports from India, with a X% share of total exports. Moreover, sheep and goat meat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), sevenfold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for sheep and goat meat exports from India, comprising X% of total exports. The second position in the ranking was held by Qatar ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Maldives (X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports into India

In 2023, imports of sheep and goat meat into India surged to X tons, picking up by X% against the year before. In general, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, sheep and goat meat imports soared to $X in 2023. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, New Zealand (X tons) constituted the largest supplier of sheep and goat meat to India, with a X% share of total imports. Moreover, sheep and goat meat imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Germany (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of sheep and goat meat to India, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average sheep and goat meat import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated slight growth from 2012 to 2023: its price 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. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform