Global Sheep And Goat Meat Market 2018-2025 – Market Analysis, Import, Export and Forecast

IndexBox, Inc. has just published a new report "World – Goat Meat – Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report’s key findings.

Sheep and goat meat Imports

The imports stood at 67K tonnes in 2017, picking up by 2% against the previous year figure. The total import volume increased at an average annual rate of +3.8% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when import increased by 16% from the previous year level. Over the period under review, sheep and goat meat imports reached its maximum volume of 68K tonnes in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, sheep and goat meat imports amounted to $404M in 2017. Overall, it indicated a prominent expansion from 2007 to 2017: the total imports value increased at an average annual rate of +3.8% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2017, sheep and goat meat imports increased by +123.5% against its level of 2007. Over the period under review, sheep and goat meat imports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Sheep and goat meat Imports By Country

The U.S. was the major importer of goat meat in the world, with the volume of imports accounting for 21K tonnes, which was approx. 31% of total imports in 2017. It was distantly followed by the United Arab Emirates (9.5K tonnes), Saudi Arabia (7.6K tonnes), Qatar (3.7K tonnes), Taiwan, Chinese (3.5K tonnes), and Oman (3.4K tonnes), together making up 41% share of total imports. The following importers - Canada (2.9K tonnes), China, Hong Kong SAR (2K tonnes), South Korea (1.8K tonnes), Portugal (1.6K tonnes), Trinidad and Tobago (1.5K tonnes), and France (1.4K tonnes) together made up 16% of total imports.

Imports into the U.S. increased at an average annual rate of +7.5% from 2007 to 2017. At the same time, South Korea (+25.7%), Saudi Arabia (+12.4%), Portugal (+7.1%), Canada (+6.8%), Oman (+3.5%), Trinidad and Tobago (+3.1%), the United Arab Emirates (+3.1%), and France (+2.5%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing importer in the world, with a CAGR of +25.7% from 2007-2017. China, Hong Kong SAR, Qatar, and Taiwan, Chinese experienced a relatively flat trend pattern. From 2007 to 2017, the share of Oman, Canada, South Korea, the United Arab Emirates, Saudi Arabia, and the U.S. decreased by -1.5%, -2.1%, -2.3%, -3.7%, -7.8%, and -16.1% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($148M) constitutes the largest market for imported goat meat worldwide, making up 36% of global imports. The second position in the ranking was occupied by Saudi Arabia ($49M), with the share of 12% of global imports. It was followed by the United Arab Emirates, with the share of 12%.

From 2007 to 2017, the average annual growth rate of value of sheep and goat meat imports in the U.S. totaled +14.1%. The remaining importing countries recorded the following average annual rates: Saudi Arabia (+19.3% per year) and the United Arab Emirates (+10.9% per year).

Sheep and goat meat Import Prices By Country

The average sheep and goat meat import price stood at $6,016 per tonne in 2017, surging by 9% against the previous year. Over the period from 2007 to 2017 it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2010, when import increased by 17% against the previous year level. Global import price peaked in 2017, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by country of destination; the country with the highest import price was China, Hong Kong SAR ($8,223 per tonne), while Qatar ($3,217 per tonne) was among the lowest.

From 2007 to 2017, the most notable growth rate of import prices was attained by China, Hong Kong SAR (+10.8% per year), while the other global leaders experienced more modest paces of growth.

Description

This report provides an in-depth analysis of the global goat meat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Companies Mentioned

JBS S/A, Tyson Foods, Inc., Micarna SA, Rudolf Schär AG, Mérat & Cie. AG, Tyson Fresh Meats, Inc., Jbs USA Holdings, LLC, NH FOODS LTD., Smithfield Foods, Inc., Hormel Foods Corporation, Henan Shuanghui Investment and Development Co., Ltd., Jbs USA Food Company, Ernst Sutter AG, SULAI AG, Seaboard Corporation, Marfrig Global Foods S/A., AUSTRALIAN CONSOLIDATED FOOD INVESTMENTS PTY LIMITED, PRIMO MEATS PTY LTD, IMPOSETE PTY LTD, PRIMO RETAIL PTY LTD, P & M QUALITY SMALLGOODS PTY LTD, PRIMO GROUP HOLDINGS PTY LIMITED, PRIMA MEAT PACKERS, LTD., Minerva S/A, Bell Schweiz AG, Geiser AG, Bell International AG, Rosen's Diversified, Inc., Danish Crown A/S, Seara Alimentos Ltda, S FOODS INC., Zhongshan Tanzhou Town Meat United Factory, Nortura Sa, Maple Leaf Foods Inc, AGRICOLA TRE VALLI SOC COOP, SOCOPA VIANDES, Cooperativa Central Aurora Alimentos, Hyundai Green Food Co., Ltd., Nanjing Yurun Food Co., Ltd., National Beef Packing Company, L.L.C., GROUPE BIGARD, TEYS AUSTRALIA FOOD SOLUTIONS PTY LTD, Olymel S.E.C., COOPERL ARC ATLANTIQUE, A. Moksel GmbH, ANIMEX FOODS SP Z O O SPÓLKA KOMANDYTOWA, SILVER FERN FARMS CO-OPERATIVE LIMITED, YONEKYU CORPORATION, STE SPEED TUNISIA, NongHyup Agribusiness Group Inc.

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