Australia - Goat Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAustralia Sees a Slight Decrease in Goat Meat Export Revenue, Totaling $158M in 2023
Australia Goat Meat Exports
In 2023, shipments abroad of goat meat increased by 39% to 34K tons, rising for the third consecutive year after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 48%. The exports peaked at 40K tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
In value terms, goat meat exports fell to $158M (IndexBox estimates) in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 82% against the previous year. The exports peaked at $218M in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Goat Meat in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 62.7 | 115 | 120 | 103 | 139 | 98.8 | 122 | 62.0 | 126 | 106 | 64.1 |
| South Korea | 4.6 | 8.2 | 8.8 | 8.8 | 12.8 | 9.1 | 10.5 | 8.9 | 20.9 | 35.7 | 39.8 |
| China | 23.0 | 5.8 | 5.0 | N/A | N/A | 1.7 | 1.0 | 1.1 | 1.6 | 2.0 | 29.2 |
| Taiwan (Chinese) | 15.6 | 22.7 | 14.5 | 13.5 | 17.5 | 11.0 | 10.7 | 10.8 | 11.1 | 11.7 | 6.0 |
| Canada | 8.3 | 11.4 | 8.3 | 6.6 | 12.1 | 5.2 | 7.4 | 7.2 | 13.0 | 11.5 | 5.8 |
| Trinidad and Tobago | 7.3 | 7.8 | 7.2 | 9.1 | 9.5 | 4.7 | 7.6 | 5.0 | 4.1 | 7.9 | 5.7 |
| Japan | 1.2 | 1.6 | 1.7 | 2.2 | 2.9 | 3.1 | 3.1 | 3.4 | 4.1 | 3.9 | 2.5 |
| Others | 32.7 | 46.1 | 18.1 | 6.1 | 3.5 | 2.8 | 1.1 | 1.4 | 1.1 | 2.6 | 4.7 |
| Total | 155 | 218 | 183 | 150 | 197 | 136 | 164 | 99.8 | 182 | 181 | 158 |
Exports by Country
the United States (15K tons) was the main destination for goat meat exports from Australia, with a 43% share of total exports. Moreover, goat meat exports to the United States exceeded the volume sent to the second major destination, China (7K tons), twofold. The third position in this ranking was held by South Korea (5.8K tons), with a 17% share.
From 2013 to 2023, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.9% per year) and South Korea (+20.0% per year).
In value terms, the United States ($64M), South Korea ($40M) and China ($29M) constituted the largest markets for goat meat exported from Australia worldwide, with a combined 84% share of total exports.
Among the main countries of destination, South Korea, with a CAGR of +24.2%, recorded 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 2023, the goat meat price stood at $4,693 per ton (FOB, Australia), reducing by -37.3% against the previous year. In general, the export price, however, continues to indicate a mild increase. The growth pace was the most rapid in 2014 an increase of 27%. The export price peaked at $9,426 per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($6,814 per ton), while the average price for exports to Taiwan (Chinese) ($3,199 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the goat meat market in Australia. 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 2030.
Product coverage:
- FCL 1017 - Goat meat
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
