MERCOSUR: Goat Meat Market 2024

Goat Meat Market Size in MERCOSUR

The MERCOSUR goat meat market contracted to $X in 2022, waning by X% against the previous year. 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. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Goat Meat Production in MERCOSUR

In value terms, goat meat production contracted to $X in 2022 estimated in export price. The total production indicated temperate growth 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The country with the largest volume of goat meat production was Brazil (X tons), accounting for X% of total volume. Moreover, goat meat production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), fivefold. The third position in this ranking was held by Venezuela (X tons), with a X% share.

In Brazil, 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: Argentina (X% per year) and Venezuela (X% per year).

The average goat meat yield declined modestly to X kg per head in 2022, approximately mirroring the year before. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The level of yield peaked at X kg per head in 2021, and then shrank in the following year.

In 2022, the number of animals slaughtered for goat meat production in MERCOSUR declined to X heads, standing approx. at 2021 figures. Overall, the number of producing animals, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, this number hit record highs at X heads in 2021, and then fell in the following year.

Goat Meat Exports

Exports in MERCOSUR

In 2022, overseas shipments of goat meat decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, goat meat exports dropped markedly to $X in 2022. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Argentina was the main exporter of goat meat in MERCOSUR, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Uruguay (X tons), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to goat meat exports from Argentina stood at X%. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Uruguay (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Argentina ($X) remains the largest goat meat supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina stood at X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Argentina stood at $X per ton.

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

Goat Meat Imports

Imports in MERCOSUR

In 2022, purchases abroad of goat meat was finally on the rise to reach X kg after two years of decline. In general, imports, however, saw a dramatic curtailment. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, goat meat imports soared to $X in 2022. Over the period under review, imports, however, faced a deep setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Guyana (X kg) represented the largest importer of goat meat, creating X% of total imports. It was distantly followed by Uruguay (X kg), achieving a X% share of total imports.

Guyana was also the fastest-growing in terms of the goat meat imports, with a CAGR of X% from 2012 to 2022. Uruguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Guyana and Uruguay increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guyana ($X) constitutes the largest market for imported goat meat in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Uruguay ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Guyana amounted to X%.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. In general, the import price enjoyed a resilient expansion. As a result, import price attained 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 Guyana ($X per ton), while Uruguay stood at $X per ton.

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

Source: IndexBox Platform

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