Overview of the Global Market for Sheep And Goat Meat

Market Size for Sheep And Goat Meat

The global sheep and goat meat market expanded slightly to $X in 2023, picking up by X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion 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, consumption decreased by X% against 2021 indices. Over the period under review, the global market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Sheep And Goat Meat

In value terms, sheep and goat meat production fell slightly to $X in 2023 estimated in export price. Overall, the total production indicated perceptible 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. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Global production peaked at $X in 2022, and then dropped modestly in the following year.

China (X tons) constituted the country with the largest volume of sheep and goat meat production, comprising approx. X% of total volume. Moreover, sheep and goat meat production in China exceeded the figures recorded by the second-largest producer, India (X tons), sixfold. The third position in this ranking was taken by Pakistan (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in China stood at X%. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Pakistan (X% per year).

In 2023, the global average yield of sheep and goat meat amounted to X kg per head, approximately mirroring the previous year's figure. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The global yield peaked at X kg per head in 2012; however, from 2013 to 2023, the yield failed to regain momentum.

In 2023, the number of animals slaughtered for sheep and goat meat production worldwide dropped to X heads, leveling off at 2022 figures. 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 in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2022, and then contracted slightly in the following year.

Exports of Sheep And Goat Meat

Exports

In 2023, approx. X tons of sheep and goat meat were exported worldwide; growing by X% on the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, sheep and goat meat exports contracted modestly to $X in 2023. Over the period under review, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the global exports attained the maximum at $X in 2022, and then declined modestly in the following year.

Exports by Country

New Zealand (X tons) and Australia (X tons) prevails in exports structure, together comprising X% of total exports. It was distantly followed by the UK (X tons), mixing up a X% share of total exports. Ireland (X tons), Spain (X tons), France (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by France (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat supplying countries worldwide were New Zealand ($X), Australia ($X) and the UK ($X), with a combined X% share of global exports. Ireland, France, Spain and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, France, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, export price indicated a perceptible 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 increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports

In 2023, global imports of sheep and goat meat soared to X tons, picking up by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Global imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, sheep and goat meat imports rose modestly to $X in 2023. In general, total imports indicated a buoyant increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Global imports peaked in 2023 and are likely to see steady growth in the near future.

Imports by Country

China represented the main importer of sheep and goat meat in the world, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. The United States (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%) and Germany (X%). The UK (X tons), the Netherlands (X tons), Malaysia (X tons), Belgium (X tons), Canada (X tons), Italy (X tons), South Korea (X tons), Papua New Guinea (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%), the Netherlands (X%), Germany (X%), Malaysia (X%), the United States (X%), Canada (X%), Belgium (X%), Papua New Guinea (X%), Italy (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. France experienced a relatively flat trend pattern. By contrast, the UK (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the United States (X p.p.) and Germany (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of France (X p.p.) and the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the United States ($X) and France ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of global imports. Germany, the UK, the Netherlands, Belgium, Canada, Italy, South Korea, Malaysia, Taiwan (Chinese) and Papua New Guinea lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform