GCC: Goat Meat Market 2024

Goat Meat Market Size in GCC

The GCC goat meat market rose significantly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Goat Meat Production in GCC

In value terms, goat meat production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons), with a combined X% share of total production.

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

In 2022, the average yield of goat meat in GCC contracted slightly to X kg per head, waning by X% compared with 2021 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the goat meat yield attained the maximum level at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.

In 2022, number of animals slaughtered for goat meat production in GCC reached X heads, therefore, remained relatively stable against 2021 figures. The total number of producing animals indicated a temperate expansion from 2012 to 2022: its figure 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, number of animals slaughtered for goat meat production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the number of producing animals increased by X%. As a result, the amount of producing animals reached the peak level of X heads; afterwards, it flattened through to 2022.

Goat Meat Exports

Exports in GCC

In 2022, approx. X tons of goat meat were exported in GCC; with a decrease of X% compared with 2021 figures. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, goat meat exports declined remarkably to $X in 2022. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), achieving a X% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of goat meat. Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest goat meat supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price 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, goat meat export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Goat Meat Imports

Imports in GCC

In 2022, overseas purchases of goat meat increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, goat meat imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the largest importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Oman (X tons), achieving an X% share of total imports. Saudi Arabia (X tons), Qatar (X tons) and Bahrain (X tons) held a minor share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the goat meat imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%), Qatar (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.), Qatar (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported goat meat in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In the United Arab Emirates, goat meat imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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