Asia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Asia

In 2022, after five years of growth, there was decline in the Asian sheep and goat meat market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined modestly in the following year.

Production of Sheep And Goat Meat in Asia

In value terms, sheep and goat meat production stood at $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

China (X tons) remains the largest sheep and goat meat producing country in Asia, 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. Pakistan (X tons) ranked third in terms of total production with a X% share.

In China, sheep and goat meat production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Pakistan (X% per year).

In 2022, the average yield of sheep and goat meat in Asia declined modestly to X kg per head, stabilizing at the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the sheep and goat meat yield reached the maximum level at X kg per head in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure.

In 2022, number of animals slaughtered for sheep and goat meat production in Asia shrank modestly to X heads, waning by X% on 2021 figures. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2021, and then shrank in the following year.

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Exports of Sheep And Goat Meat

Exports in Asia

In 2022, shipments abroad of sheep and goat meat was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sheep and goat meat exports surged to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) and Kazakhstan (X tons) represented roughly X% of total exports in 2022. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mongolia (X%) and Pakistan (X%). The following exporters - the United Arab Emirates (X tons) and China (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Kazakhstan ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Kazakhstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Imports of Sheep And Goat Meat

Imports in Asia

In 2022, imports of sheep and goat meat in Asia reduced modestly to X tons, approximately reflecting the previous year. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports stood at $X in 2022. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. The United Arab Emirates (X tons) took the second position in the ranking, followed by Malaysia (X tons). All these countries together held approx. X% share of total imports. South Korea (X tons), Qatar (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Saudi Arabia (X tons), Kuwait (X tons), Jordan (X tons), Singapore (X tons) and Oman (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sheep and goat meat imports into China stood at X%. At the same time, South Korea (X%), Malaysia (X%), Singapore (X%), Kuwait (X%), the United Arab Emirates (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Oman, Taiwan (Chinese) and Qatar experienced a relatively flat trend pattern. By contrast, Jordan (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and Kuwait increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported sheep and goat meat in Asia, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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