Indonesia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Indonesia

The Indonesian sheep and goat meat market declined to $X in 2023, dropping by X% against the previous year. In general, consumption, however, continues to indicate a strong increase. Sheep and goat meat consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Sheep And Goat Meat in Indonesia

In value terms, sheep and goat meat production contracted 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Sheep and goat meat production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

In 2023, the average yield of sheep and goat meat in Indonesia shrank to X kg per head, leveling off at 2022 figures. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. Over the period under review, the average sheep and goat meat yield hit record highs at X kg per head in 2019; however, from 2020 to 2023, the yield stood at a somewhat lower figure.

In 2023, the number of animals slaughtered for sheep and goat meat production in Indonesia contracted modestly to X heads, which is down by X% compared with 2022. This number increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the number of producing animals reached the peak level of X heads. From 2019 to 2023, the growth of this number remained at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from Indonesia

In 2023, the amount of sheep and goat meat exported from Indonesia rose modestly to X tons, with an increase of X% compared with 2022. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, sheep and goat meat exports rose modestly to $X in 2023. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sheep and goat meat exports from Indonesia, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for sheep and goat meat exports from Indonesia.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates amounted to X%.

Export Prices by Country

In 2023, the average sheep and goat meat export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, export price indicated a remarkable increase 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. Based on 2023 figures, sheep and goat meat export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Sheep And Goat Meat

Imports into Indonesia

In 2023, imports of sheep and goat meat into Indonesia declined dramatically to X tons, which is down by X% on 2022. Overall, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, sheep and goat meat imports declined rapidly to $X in 2023. In general, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2023, Australia (X tons) was the main supplier of sheep and goat meat to Indonesia, accounting for a X% share of total imports. Moreover, sheep and goat meat imports from Australia exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold.

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

In value terms, Australia ($X) constituted the largest supplier of sheep and goat meat to Indonesia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

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

Import Prices by Country

In 2023, the average sheep and goat meat import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform