Goat meat market in Eastern Asia

Earlier Report Observations

The goat meat market in Eastern Asia expanded in volume from 2.43 million tons in 2018 to 2.73 million tons in 2023, driven by rising health consciousness that increased demand for fresh and chilled products. Improvements in cold chain infrastructure and ongoing urbanization, particularly highlighted in 2020, supported this growth by enhancing the freshness and quality of chilled goat meat available to consumers.

Market value showed greater volatility, rising from $11.8 billion in 2018 to a peak of $18.1 billion in 2022 before falling to $15.8 billion in 2023. The sharp increase to $13.8 billion in 2019 coincided with pork production shortages in China's meat market, which lifted prices across the sector and elevated the value of goat meat sales. Regulatory developments in 2024 included the Chinese Ministry of Agriculture's acceleration of beef classification standards, which may influence quality norms for chilled meats like goat meat.

Production goat meat in Eastern Asia

In kind, 2017-2020, K t

Top producers of goat meat, 2017-2020

World map of production of goat meat, 2017-2020

Goat meat production in Eastern Asia has grown for the third year in a row. In 2020, the region produced 2 557 thousand tons of goat meat, marking a modest 2.5% increase from 2019. Looking at the period from 2017 to 2020, production rose by 6.3%, with an average annual growth rate of 2.1%.

Annual dynamics of production in Eastern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of goat meat output in Eastern Asia was 12 694 million US dollars, representing an 8.0% decrease compared to the previous year. Over the 2017-2020 period, production value fell by 6%, with a compound annual growth rate of 2.0%. The lowest value was recorded in 2018 at 11 776 million US dollars, while the peak occurred in 2019 at 13 797 million US dollars. The most significant drop was in 2018 at 12.8%, and the largest increase was in 2019 at 17.2%.

Annual dynamics of production in Eastern Asia in value, 2017-2020, M $ US

Exports goat meat from Eastern Asia

Exports in kind, t

Following two years of decline, goat meat export volumes from Eastern Asia rebounded. In 2020, exports reached 2 872 tons, reflecting an 18.1% rise from the previous year. However, over the 2017-2020 period, exports decreased by 49.7%, with an average annual decline of 20.5%. The lowest volume was in 2019 at 2 432 tons, and the sharpest drop occurred that same year at 47.9%.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Vietnam was the dominant player in goat meat exports by volume, accounting for 21.0% of total shipments from Eastern Asia.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Asia in kind, 2017-2020

Exports in value, K $ US

After a two-year downturn, goat meat exports from Eastern Asia saw an uptick. In 2020, export value stood at 14 260 thousand US dollars, showing a moderate 6.0% year-over-year increase. Between 2017 and 2020, however, export value fell by 55.5%, translating to an average annual decrease of 23.7%. The lowest value was recorded in 2019 at 13 455 thousand US dollars, with the most significant decline that year at 40.6%.

Annual dynamics of product's exports from Eastern Asia in value, 2017-2020, K $ US

During 2017-2020, Vietnam led in goat meat export value from Eastern Asia, holding a 5.6% share of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Asia in value, 2017-2020

Imports goat meat to Eastern Asia

Imports in kind, t

After two years of contraction, goat meat imports into Eastern Asia picked up. In 2020, imports totaled 3 317 tons, indicating a gradual 6.1% year-over-year increase. Over the 2017-2020 period, imports decreased by 38%, with an average annual decline of 14.7%. The lowest volume was in 2019 at 3 127 tons, and the largest drop occurred that year at 29.4%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, t

From 2017 to 2020, Australia and New Zealand were the primary suppliers of goat meat to Eastern Asia, together making up 63.2% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Asia in kind, 2017-2020

Imports in value, K $ US

Following a two-year decline, goat meat imports into Eastern Asia increased. In 2020, import value reached 23 968 thousand US dollars, up 11.7% from 2019. Between 2017 and 2020, however, import value fell by 28%, equating to an average annual decrease of 10.4%. The lowest value was in 2019 at 21 459 thousand US dollars, with the steepest decline that year at 25.1%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, K $ US

In 2017-2020, Australia and New Zealand were the leading suppliers of goat meat to Eastern Asia in value terms, jointly accounting for 58.4% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Asia in value, 2017-2020