Overview of the Global Market for Sheep And Goat Meat

Market Size for Sheep And Goat Meat

In 2022, the global sheep and goat meat market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. 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. Global consumption peaked at $X in 2021, and then dropped slightly in the following year.

Production of Sheep And Goat Meat

In value terms, sheep and goat meat production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

China (X tons) remains the largest sheep and goat meat producing country worldwide, accounting for 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.

In China, sheep and goat meat production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Pakistan (X% per year).

The global average sheep and goat meat yield declined to X kg per head in 2022, approximately equating 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the average sheep and goat meat yield hit record highs at X kg per head in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure.

The global number of animals slaughtered for sheep and goat meat production contracted slightly to X heads in 2022, approximately equating 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 somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The global producing animals peaked at X heads in 2021, and then reduced slightly in the following year.

Exports of Sheep And Goat Meat

Exports

In 2022, approx. X tons of sheep and goat meat were exported worldwide; surging by X% against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, sheep and goat meat exports expanded slightly to $X in 2022. Over the period under review, total exports indicated a temperate expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Australia (X tons) and New Zealand (X tons) were the major exporters of sheep and goat meataround the world, together accounting for near X% of total exports. It was distantly followed by the UK (X tons), comprising a X% share of total exports. The following exporters - Ireland (X tons), France (X tons), Spain (X tons) and the Netherlands (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and the UK ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of global exports. Ireland, France, the Netherlands and Spain lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average sheep and goat meat export price amounted to $X per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off 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 2022, 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 2022, approx. X tons of sheep and goat meat were imported worldwide; rising by X% compared with the year before. The total import volume 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 most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, sheep and goat meat imports expanded markedly to $X in 2022. Over the period under review, total imports indicated a buoyant increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) represented the major importer of sheep and goat meat, creating X% of total imports. The United States (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%) and the United Arab Emirates (X%). The UK (X tons), Malaysia (X tons), Germany (X tons), the Netherlands (X tons), Canada (X tons), South Korea (X tons), Italy (X tons), Qatar (X tons) and Japan (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Malaysia (X%), the United States (X%), the Netherlands (X%), Canada (X%), the United Arab Emirates (X%), Japan (X%) and Germany (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 2012-2022. France, Italy and Qatar 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 South Korea (X p.p.) increased significantly in terms of the global imports from 2012-2022, 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) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports. The United Arab Emirates, Germany, the UK, the Netherlands, Malaysia, Canada, South Korea, Japan, Italy and Qatar lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while China ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :