Cabo Verde: Goat Meat Market 2020

Goat Meat Market Size in Cabo Verde

The revenue of the goat meat market in Cabo Verde amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010 when the market value increased by X% year-to-year. Cabo Verde goat meat consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Goat Meat Production in Cabo Verde

In value terms, goat meat production amounted to $X in 2018 estimated in export prices. Overall, the total output indicated strong growth from 2007 to 2018: 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 2018 figures, goat meat production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010 when production volume increased by X% y-o-y. Cabo Verde goat meat production peaked in 2018 and is likely to continue its growth in the near future.

Goat Meat Exports

Exports from Cabo Verde

In 2018, approx. X kg of goat meat were exported from Cabo Verde; shrinking by -X% against the previous year. In general, goat meat exports continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Cabo Verde exports peaked at X kg in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, goat meat exports stood at $X in 2018. Over the period under review, goat meat exports continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Cabo Verde exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Australia (X tons) was the largest exporter of goat meat, creating X% of total exports. Ethiopia (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Kenya (X%) and China (X%). Spain (X tons), France (X tons), Tanzania (X tons), Sudan (X tons), Pakistan (X tons), Greece (X tons) and New Zealand (X tons) held a little share of total exports.

Exports from Australia increased at an average annual rate of +X% from 2007 to 2018. At the same time, Spain (+X%), Sudan (+X%), Kenya (+X%), Greece (+X%), Ethiopia (+X%), New Zealand (+X%) and Tanzania (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. France experienced a relatively flat trend pattern. By contrast, Pakistan (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Australia, Ethiopia, Kenya, Spain and Sudan increased by +X%, +X%, +X%, +X% and +X% percentage points, while Pakistan (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest goat meat supplier from Cabo Verde, comprising X% of global exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Australia, goat meat exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Ethiopia (+X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the goat meat export price in Cabo Verde amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price indicated a pronounced increase from 2007 to 2018: 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 2018 figures, goat meat export price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010 when the export price increased by X% y-o-y. Over the period under review, the export prices for goat meat attained their maximum at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Goat Meat Imports

Imports into Cabo Verde

In 2018, the imports of goat meat into Cabo Verde stood at X kg, falling by -X% against the previous year. Over the period under review, goat meat imports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Cabo Verde imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, goat meat imports amounted to $X in 2018. Over the period under review, goat meat imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, goat meat imports attained their maximum at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. represented the major importing country with an import of about X tons, which amounted to X% of total imports. The United Arab Emirates (X tons) occupied the second position in the ranking, followed by Oman (X tons), Taiwan, Chinese (X tons) and Canada (X tons). All these countries together occupied near X% share of total imports. Portugal (X tons), South Korea (X tons), Saudi Arabia (X tons), China, Hong Kong SAR (X tons), Vietnam (X tons), Trinidad and Tobago (X tons) and Italy (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Vietnam (+X%), Portugal (+X%), Canada (+X%), the United Arab Emirates (+X%), Oman (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. China, Hong Kong SAR, Taiwan, Chinese and Saudi Arabia experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), the United Arab Emirates (+X p.p.), South Korea (+X p.p.), Canada (+X p.p.), Portugal (+X p.p.), Oman (+X p.p.) and Vietnam (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported goat meat into Cabo Verde, comprising X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by China, Hong Kong SAR, with a X% share.

In the U.S., goat meat imports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China, Hong Kong SAR (+X% per year).

Import Prices by Country

In 2018, the goat meat import price in Cabo Verde amounted to $X per ton, falling by -X% against the previous year. In general, the goat meat import price, however, continues to indicate strong growth. The growth pace was the most rapid in 2015 when the import price increased by X% y-o-y. Over the period under review, the import prices for goat meat attained their maximum at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was China, Hong Kong SAR ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform